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Axis Bank

SEBI sends notices to Axis Bank, Axis Securities, Axis Capital over Max Life deal; more pain ahead for investors?

SEBI sends notices to Axis Bank, Axis Securities, Axis Capital over Max Life deal; more pain ahead for investors?

Mon, Oct 28, 2024

Axis Bank stated that the show-cause notice is being reviewed and that they will file responses with SEBI, citing requisite regulatory approvals for the transactions. In August, the Delhi High Court directed SEBI, RBI, and IRDAI to investigate the matter. Axis Bank acquired additional Max Life Insurance equity shares worth Rs 336 crore, increasing their stake to almost 20% from 19.02% after receiving insurance regulatory approval.

Axis Bank shares zoom up 4% despite weak Q2; Here's what global brokerages suggest

Axis Bank shares zoom up 4% despite weak Q2; Here's what global brokerages suggest

Fri, Oct 18, 2024

As global brokerages remained bullish on the stock despite its weak Q2, the stock gained sharp momentum and rallied up to 4 per cent in intraday trade.

Axis Bank Q2 preview: PAT likely to increase 8.5% YoY; asset quality may be affected marginally

Axis Bank Q2 preview: PAT likely to increase 8.5% YoY; asset quality may be affected marginally

Wed, Oct 16, 2024

The country's leading private sector lender Axis Bank is set to release its quarterly results tomorrow. Zee Business research inputs suggest profit after tax (PAT) at the lender to grow by 8.5 per cent in the September quarter to Rs 6,366 crore.

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PNB, SBI, 13 others get Moody's counterparty risk ratings

PNB, SBI, 13 others get Moody's counterparty risk ratings

Wed, Jun 13, 2018

PNB in a statement today said, "Following the bank's strong recovery and the Government of India's continued support, Punjab National Bank (PNB) has been assigned counterparty risk rating (CRR) from Moody's Investors Service."

At Axis Bank, earn up to 7.10% interest rate, but there's a catch

At Axis Bank, earn up to 7.10% interest rate, but there's a catch

Tue, Jun 12, 2018

Axis Bank recently increased rates for deposits of less than Rs 5 crore and Rs 100 crore and above.

After SBI, Axis Bank hikes fixed deposit interest rates; know who will benefit

After SBI, Axis Bank hikes fixed deposit interest rates; know who will benefit

Mon, Jun 04, 2018

Within days of SBI effecting a hike in term deposits, Axis Bank has also hiked its fixed deposit interest rates. A term deposit means a cash investment by a customer at banks and other financial institutions.

Here's why Axis Bank share price rallied most in 6 months despite Shikha Sharma row, tepid Q4

Here's why Axis Bank share price rallied most in 6 months despite Shikha Sharma row, tepid Q4

Fri, Apr 27, 2018

Axis Bank share price rallied as much as 5.5 per cent to Rs 522 on the BSE. Analysts believe recognition of bad loans at a greater scale and a positive management commentary soothed investors who believe worst is now over for Axis Bank.

Who will be Shikha Sharma's successor; Axis Bank starts process

Who will be Shikha Sharma's successor; Axis Bank starts process

Sat, Apr 21, 2018

Earlier this month, Shikha Sharma had requested the Board that she may be relived in December. The bank had earlier given her a new three-term beginning June 1. "This is to inform you that the Board of Directors of the Bank has commenced the succession process to appoint a new Managing Director & CEO of the Bank," Axis Bank said in a regulatory filing

Why Axis Bank chief Shikha Sharma tenure was surprisingly cut short

Why Axis Bank chief Shikha Sharma tenure was surprisingly cut short

Thu, Apr 19, 2018

RBI was in for a surprise when Axis Bank set up a watchlist of Rs 22,628 crore in April 2016 coming immediately after a quarter when the corporate stress was not disclosed. It was not the extent of stress that troubled the regulator, but the lack of transparency in timely disclosure of the actual stress in the corporate loan book of the bank.

Axis Bank, Kotak Mahindra Bank merger makes sense; 4 reasons why

Axis Bank, Kotak Mahindra Bank merger makes sense; 4 reasons why

Fri, Apr 13, 2018

Now that Axis Bank's long-time chief Shikha Sharma is all set to step down at the end of 2018, time is ripe for Kotak Mahindra Bank to make a bid for merging Axis Bank with itself. A report by Nomura says this is Kotak's best chance to merge with Axis Bank.

Axis Bank stock made investors richer by Rs 7,200 crore in just 24 hrs! Shikha Sharma is reason why

Axis Bank stock made investors richer by Rs 7,200 crore in just 24 hrs! Shikha Sharma is reason why

Tue, Apr 10, 2018

Axis Bank has an outperform rating by Macquarie, which has set a 12-month target of Rs 651 on the stock.

Shikha Sharma to quit as Axis Bank CEO after RBI churns row; 10 points to know

Shikha Sharma to quit as Axis Bank CEO after RBI churns row; 10 points to know

Tue, Apr 10, 2018

RBI had asked the bank`s board to reconsider Sharma`s three-year reappointment citing concerns over the bank`s asset quality under her reign among other reasons. Axis Bank reportedly gave no reason for Sharma cutting short her term and a bank spokesman declined to indicate whether the decision was connected with the recent media reports. Sharma herself made no comment in the regulatory filing.

Axis Bank share price soars 4% after Shikha Sharma exit announcement

Axis Bank share price soars 4% after Shikha Sharma exit announcement

Tue, Apr 10, 2018

Axis Bank said on December 8 last year, the board had decided to reappoint Sharma as the Managing Director and CEO, for a period of three years with effect from June 1, 2018, subject to receipt of requisite approvals. The re-appointment, however, was yet to get the approval of the Reserve Bank of India (RBI).

Shikha Sharma's tenure curtailed, to step down as Axis Bank chief on Dec 31

Shikha Sharma's tenure curtailed, to step down as Axis Bank chief on Dec 31

Mon, Apr 09, 2018

Axis bank said on December 8 last year, the board had decided to reappoint Shikha Sharma as the Managing Director and CEO, for a period of three years with effect from June 1, 2018, subject to receipt of requisite approvals. The re-appointment, however, was yet to get the approval of the Reserve Bank of India (RBI).

Axis Bank CEO Shikha Sharma wants term cut from 3 years to 7 months after row

Axis Bank CEO Shikha Sharma wants term cut from 3 years to 7 months after row

Mon, Apr 09, 2018

Shikha Sharma, chief executive of India`s Axis Bank, has asked the bank`s board to shorten her next term at the helm of the bank, starting in June, to the end of December, the bank said on Monday. The Axis Bank board has accepted her request for a shorter seven-month term (from June 1 to December 31, 2018), subject to the approval of the Reserve Bank of India (RBI), the bank said in a regulatory filing

After Shikha Sharma row, RBI bars Axis Bank from importing bullion

After Shikha Sharma row, RBI bars Axis Bank from importing bullion

Tue, Apr 03, 2018

The action comes a day after reports said the central bank asked the board of the third largest private sector lender to re-look at the three-year fourth term offered to Shikha Sharma as the managing director and chief executive, citing a massive spike in bad loans. The Axis Bank board had late last year re-appointed her for a fourth term beginning this June. She joined the bank from ICICI Bank in June 2009. During her stewardship the NPAs at the bank rose over five-fold to over 5.3 per cent in the December 2017 quarter

ICICI Bank, Axis Bank share prices plunge, together lose Rs 13,216 cr in market capitalisation

ICICI Bank, Axis Bank share prices plunge, together lose Rs 13,216 cr in market capitalisation

Tue, Apr 03, 2018

ICICI Bank, Axis Bank share prices took a beating amid controversy following reports about alleged involvement of Kochhar and her family members in a loan provided to Videocon Group on quid pro quo basis. Markets regulator Sebi is looking into the matter for any possible disclosure and corporate governance-related lapses.

Shikha Sharma, Axis Bank case: Lender reacts, this is what it said

Shikha Sharma, Axis Bank case: Lender reacts, this is what it said

Mon, Apr 02, 2018

The bank statement came in as a clarification sought from stock exchanges in response to a media report today saying the Reserve Bank of India had asked Axis Bank to reconsider Sharma's reappointment. Earlier in July 2017, the board of directors of the bank had approved the re-appointment of Shikha Sharma as the managing director and chief executive officer for three years with effect from June 1, 2018

WhatsApp to offer this bank's payments feature soon?

WhatsApp to offer this bank's payments feature soon?

Tue, Mar 13, 2018

Whatsapp may become even more integral to its fans' lives as the messenger app is all set to offer a bank's service on its platform. India's third largest private sector bank Axis Bank today said it would soon be able to process payments over the popular chatting application 'WhatsApp'.

PNB fraud case crackdown: ICICI Bank chief Chanda Kochhar, Axis Bank MD Shikha Sharma get SFIO summons

PNB fraud case crackdown: ICICI Bank chief Chanda Kochhar, Axis Bank MD Shikha Sharma get SFIO summons

Tue, Mar 06, 2018

Punjab National Bank (PNB) fraud case: The SFIO was investigating loans of Rs 5,280 crore to Gitanjali Gems by ICICI Bank-led consortium of 31 banks which gave loans to the company

RBI fines Axis for under-reporting NPAs, IOB for KYC lapse

RBI fines Axis for under-reporting NPAs, IOB for KYC lapse

Tue, Mar 06, 2018

The Rs 12,636 crore fraud at Punjab National Bank (PNB) is forcing Reserve Bank of India (RBI) to swing into action.

RBI cracks down against Axis Bank, Indian Overseas Bank, imposes hefty monetary penalty

RBI cracks down against Axis Bank, Indian Overseas Bank, imposes hefty monetary penalty

Mon, Mar 05, 2018

RBI has imposed a Rs 3 crore penalty on Axis Bank, while on Indian Overseas Bank faces Rs 2 crore fine.

Indian regulator orders HDFC Bank to probe suspected results leak

Indian regulator orders HDFC Bank to probe suspected results leak

Sat, Feb 24, 2018

The direction comes in the wake of a probe last year that prescient messages about company results had been circulated in private WhatsApp chatrooms before their official release

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