RBI refuses to consider direct acquisition of 17% stake by Axis Bank in Max Life

RBI advises Axis Bank to restructure Axis Bank-Max Life deal

Ideas for Profit | Axis Bank: Stock may see significant re-rating post Q2 earnings

In this edition of Ideas for Profit, Moneycontrol Sakshi Batra discusses the second-quarter performance of Axis Bank and why a valuation re-rating is likely

Axis Bank Q2: What is the actual level of stress? Wait till December to know

Axis Bank has been aggressive in making provisions on potential NPA losses. That’s a comfort for investors but the quantum of loans that will ultimately go for restructuring and performance of low-rated exposure will be key.

Axis Bank Consolidated September 2020 Net Interest Income (NII) at Rs 7,436.38 crore, up 19.34% Y-o-Y

Axis Bank shares rise on Q2 profit of Rs 1,683 crore; CLSA retains buy

The private sector lender on October 28 reported a net profit of Rs 1,683 crore for Q2FY21 as against a net loss of Rs 112 crore in Q2FY20. The bank’s operating profit for the quarter grew 16 percent YoY and 18 percent QoQ to Rs 6,898 crore.

Axis Bank Standalone September 2020 Net Interest Income (NII) at Rs 7,326.07 crore, up 20.06% Y-o-Y

Axis Bank: Time to ride a significant re-rating

The valuation of Axis Bank is extremely attractive, especially for finding a place in the long-term portfolio.

Axis Bank posts Q2 profit at Rs 1,683 crore versus loss last year; NII grows 20% YoY

The bank said its net interest income (NII) grew 20 percent YoY to Rs 7,326 crore in Q2FY21 from Rs 6,102 crore in Q2FY20. The net interest margin (NIM) for Q2FY21 was 3.58 percent as against 3.51 percent for Q2FY20.

Axis Bank Q2 Preview: NII may grow over 15% with 10% loan growth, asset quality key

HDFC Securities expects around 10 percent YoY loan growth and a marginal improvement in NIMs to drive core earnings (NII) growth of 16 percent YoY.

Festive offer | Axis Bank new home loans at 6.9%, car loans at 7.99%

The home loans priced at 6.90 percent onwards are under Axis Bank's 'Dil se Open Celebrations' that offer deals and discounts on purchase through its credit and debit cards.

Quant Pick - Axis Bank: ICICI Direct

According to ICICI Direct, Buy Axis Bank in range of Rs 455-465,Target: Rs 545,Stop Loss: Rs 416,Time frame: Three months.

Axis Bank offers 4-12% pay hikes to employees despite COVID-19 situation: Report

The moves come even as the pandemic has forced the domestic and global banking sector to cut jobs and slash salaries

Vanguard Total International Stock Index Fund sells shares worth over Rs 1,085 crore in 21 firms

Vanguard offloaded 7 lakh shares of Housing Development Finance Corp (HDFC) worth Rs 119.84 crore, 3.57 lakh scrips of Hindustan Unilever worth Rs 72.62 crore and 6.06 shares of ICICI Bank for Rs 21.60 crore.

Here’s how new-age gig roles in India would look like

Unlike regular gig roles, the new-age gigs would cover qualified professionals professionals. The compensation would be on par or even higher than that of a regular hire. India Inc would have close to 10-15% new-age gig roles in the next five years.

Can't expect miracle, economic recovery will be a long haul: Axis Bank MD Amitabh Chaudhry

The banks have learnt their lesson after the last crisis, they are not going to be in a lending hurry, said Amitabh Chaudhry, MD, Axis Bank.

Axis Bank to buy only 17% stake in Max Life instead of 29%; share price gains 2%

Axis Bank now proposes to acquire 17.002 percent of the equity share capital of Max Life, a material subsidiary of Max Financial Services.

Axis Bank now decides to acquire only 17% stake in Max Life from 29% earlier

As per media reports, Max Life Insurance and Axis Bank have modified some terms of their proposed joint venture (JV) in order to comply with regulatory norms.

Max Life Insurance, Axis Bank modify deal terms after IRDAI raises concerns: Report

In April, Axis Bank said it plans to raise its stake in Max Life Insurance to 30 percent from 1 percent.

Axis Bank launches hiring initiative 'Gig-a-Opportunities', to hire up to 1,000 in a year: Official

Dahiya said the bank will look for good talent, including young people, experienced mid-level professionals and women, from across the country.

Carlyle to invest Rs 5,000 crore in Axis Bank: Report

This will be Axis Bank's second major capital raising in 2020, after it raised Rs 10,000 crore earlier in August through a qualified institutional placement (QIP).

Banks record increase in digital transactions as customers maintain distance from branches

“COVID-19 has had almost the same positive impact as demonetisation," said Prabhu Ram, Managing Director and Group CEO of Payswiff.

Trade Spotlight: What should investors do with ITC, Axis Bank & Bank of Baroda

Experts are of the view that there are no visible signs which suggest that investors should ho short but a close below 11299 can be considered as an initial sign of weakness.

Axis Bank shares gain 2% on raising Rs 10,000 crore via QIP

It was also one of the top index gainers and was one of the most active stocks on NSE in terms of value with 70,67,147 shares being traded.

Axis Bank raises Rs 10,000 crore via QIP; price set at Rs 420.10

The issue price is at a discount of 5% (i.e. Rs. 22.09 per equity share) to the floor price of Rs 442.19 per equity share for an aggregate value of Rs 100,000 million

Axis Bank, Kotak Mahindra Bank allege Rs 1,204-crore fraud by Cox & Kings: Report

A preliminary enquiry against Cox & Kings is already ongoing based on complaint of payment default worth Rs 239 crore by IndusInd Bank