axis bank

axis bank

FPIs invest Rs 46,602 crore in August so far. (Representative Image)

FPIs invest Rs 46,602 crore in August, highest foreign inflows in five years

In the first half of August ICICI Bank raised Rs 15,000 crore through QIP, Axis Bank and HDFC raised Rs 10,000 crore each
31 Aug 2020 4:01 PM
Axis Bank shares drop over 6 pc after Q4 net loss. (PTI Photo)

Axis Bank shares drop over 6% on Rs 1,387.78 crore loss

The private sector lender had reported a net profit of Rs 1,505.06 crore in the same quarter of the previous financial year
29 Apr 2020 1:01 PM
Representative Image (Twitter)

IDFC First to invest Rs 250 cr in Yes Bank

Union Cabinet approved a reconstruction plan proposed by the RBI for bailing out fund-starved Yes Bank
15 Mar 2020 4:01 PM
The shares of Axis Bank were trading at Rs 729.80 a piece on BSE, down 0.75 per cent from the previous close.

Axis Bank to raise up to Rs 4,175 crore via NCDs

The coupon rate for the issue will be 7.65 per cent per annum, the filing added.
30 Jan 2020 12:14 PM
Axis Bank has initiated insolvency process against its subsidiary Vidarbha Industries Power Ltd for a claim of Rs 553.28 crore.

Axis Bank files insolvency plea against RPower arm

The company is engaged with all its lenders to arrive at a suitable resolution outside CIRP.
22 Jan 2020 9:19 AM
The Shiv Sena-ruled Thane Municipal Corporation has decided to shift its salary accounts from Axis Bank to a nationalised bank, an official said. (Photo: File)

Sena-Amruta Fadnavis duel: Civic body to shift Axis bank account to nationalised bank

Responding to the row, Devendra Fadnavis said some political workers stooped very low to troll his wife.
27 Dec 2019 11:11 AM
I'm looking forward to best in class quality but strong Indian owned and controlled financial sector and while we must attract foreign capital, we must ensure that there is no colonialisation of Indian finance, I'm looking forward to best in class quality but strong Indian owned and controlled financial sector and while we must attract foreign capital, we must ensure that there is no colonialisation of Indian finance, Uday Kotak said. (Photo: File)

'Kotak Mahindra Bank best suited to acquire Yes Bank'

I think Uday (Kotak) is the best candidate to acquire Yes bank. You need deep pockets, Uday has that, said SBI's Rajnish Kumar.
17 Dec 2019 1:48 PM
The bank in verifying the claim of Mr Kumar contacted the administration of Apollo Hospitals who said they were ignorant of any such account and they lodged a complaint with the Banjara Hills police station on Tuesday evening.

Hyderabad: Fraudster uses dengue scare to extract money

The hospital has told people not to fall prey to fake appeals in the name of Apollo Hospitals on social media or any other platform.
18 Sep 2019 1:03 AM
Finance Minister Nirmala Sitharaman talked about issues related to the increase in public shareholding in listed companies from 25 per cent to 30 per cent as well as levy of surcharge on super rich.

Bankers agree to take steps to review interest rates: FinMin

Banks need to commensurately transmit rate cut benefit in lending, said an official release.
05 Aug 2019 8:25 PM
Non interest income which comprises of fee, trading profit and miscellaneous income rose 32 per cent to Rs 3,869 crore for the June quarter.

Axis Bank numbers disappoint Street

Lender reports higher slippages, write-offs.
31 Jul 2019 2:52 AM
Heavy selling by foreign portfolio investors is likely to keep market sentiment down, as Rs 1,503.26 crore worth of equities were sold on Friday. However, analyst said a bounce back is likely with technical indicators showing that the market is currently oversold. (Representational Image)

Earnings to decide moves

For the next week, the stocks of the pharma sector could show positive moves while metal is expected to remain weak: Tiwari.
29 Jul 2019 2:31 AM
The Board of Directors of the bank approved the proposal in this regard in the meeting held Saturday.

Axis Bank to raise Rs 18,000 crore through equity shares

The bank is one of the worst-affected private lenders after the Reserve Bank's asset quality review.
20 Jul 2019 5:18 PM
The new Axis Bank credit card comes with a slew of benefits, including a 1.5 per cent cashback on every purchase, and up to 5 per cent cashback for merchant shopping, including on Flipkart and on its sister concerns like Myntra.

Axis Bank launches co-branded credit card with Flipkart, eyes 1 million new sales

The bank has 6.17 million credit cards in use, making it the fourth largest issuer in the country.
11 Jul 2019 7:55 PM
In 2011, Axis Bank acquired 4 per cent stake in Max Life for an undisclosed value.

No proposal with Irdai for 10 per cent stake sale in Max Life to Axis bank: MFS

During 2018-19, Max Life recorded gross written premium of Rs 14,575 crore.
09 Jul 2019 3:37 PM
The country’s third-largest private sector lender, led by Chief Executive Officer Amitabh Chaudhry, is talking to potential advisers about the fund-raising, according to the people.

Axis Bank mulls $1.3 billion share sale

The deal would help the Mumbai-based lender enhance risk buffers and support loan growth.
28 Jun 2019 1:52 AM
Fitch further said ICICI Bank's core capitalisation is higher than most other Indian banks’ but within the current operating environment poses only a moderate buffer against risks. (Representional Image)

Fitch cuts ICICI, Axis Bank rating

BB rating indicates speculative grade and BBB poi-nts to good credit quality.
04 Jun 2019 2:51 AM
A big push to get banks and brokerages into Gujarat International Finance Tec (GIFT) City remains far short of expectations.

India's jobs deficit: Project in Gujarat struggling to create employment

GIFT City supports only 9,000 jobs and only about 3 million of its 62 million square feet of planned development have been built.
25 May 2019 6:15 PM
According to ED, accused Mohit Garg, Nitin Gupta, and Rajeev Singh Kushwaha used to collect demonetised form of currency from different persons and deposited them into the account of shell firms/ companies operated by Rajeev Singh Kushwaha.

ED attaches property worth over Rs 2 crore in Axis Bank demonetisation case

According to officials Mohit Garg and Rajeev Singh Kushwaha illegally earned a commission at 15 pc of total amount deposited.
13 May 2019 7:49 PM
The gang managed to divert attention of the security guard Nagendra by dropping a few currency notes and simultaneously flicked the box containing the cash and fled in an auto, said the police. (Representional Image)

Hyderabad: Gang of five robs Rs 59 lakh from ATM van on National Highway 65

The incident took place around 10.30 am.
08 May 2019 1:18 AM
The one-month discount offer, provided on the occasion of extending usage of the card to private bus platform, ended on April three. (Representational Image)

Bus operators want Kochi 1 Card service charges cut by half

Out of the 1000 bus operators only 80 have joined it now while only 20 are actually using it.
10 Apr 2019 3:04 AM

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