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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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Sensex closes below 34,000, Nifty fails to hold 10,500

Sensex closes below 34,000, Nifty fails to hold 10,500

Mon, Feb 19, 2018

The Nifty PSU Bank index closed 2.38% down after falling as much as 6% during the day

PNB Fraud: Officials of other banks under scanner

PNB Fraud: Officials of other banks under scanner

Sun, Feb 18, 2018

As investigations into the Rs 11,400 crore scam at PNB gather momentum, officials at overseas branches of other banks, where the fraudulently issued Letter of Undertakings (LoUs) were encashed, are under scanner, sources said.

Nirav Modi scam: Crisil puts PNB ratings on the watch

Nirav Modi scam: Crisil puts PNB ratings on the watch

Sun, Feb 18, 2018

Rating agency Crisil has put the scam-ridden Punjab National Bank's ratings on 'watch', following the Rs 11,400-crore fraud detected by the lender at one of its Mumbai branches.

How a jeweller 'designed' Rs 11,300 crore fraud?

How a jeweller 'designed' Rs 11,300 crore fraud?

Thu, Feb 15, 2018

By Anisha Nayar Dhawan Is this going to be the biggest fraud case in India's banking history? For now, it seems so. The fraud, involving state-owned Punjab National Bank (PNB), is estimated to include transactions to the tune of Rs 11,300 crore.

ONGC borrows Rs 4K cr from ICICI Bank for buying HPCL

ONGC borrows Rs 4K cr from ICICI Bank for buying HPCL

Wed, Jan 24, 2018

The company is likely to sign-up more loan agreements to pay Rs 36,915 crore to the government before the month-end.

Axis Bank's Q3FY18 net profit comes at Rs 726 crore; gross NPAs stable

Axis Bank's Q3FY18 net profit comes at Rs 726 crore; gross NPAs stable

Mon, Jan 22, 2018

A Bloomberg poll of analysts estimated Axis Bank’s net profit to come in at Rs 830 crore during the quarter.

Soon, you can make payments through WhatsApp

Soon, you can make payments through WhatsApp

Thu, Jan 18, 2018

WhatsApp's payments feature is highly anticipated because of the huge popularity of the app across diverse populations in India.

Facing margin pressure, Axis Bank ups loan rates by 5 bps

Facing margin pressure, Axis Bank ups loan rates by 5 bps

Wed, Jan 17, 2018

The move to increase MCLR comes days after the nation's largest lender SBI had lowered its rates

Sensex rebounds 123 points in opening trade on Asian cues

Sensex rebounds 123 points in opening trade on Asian cues

Thu, Jan 04, 2018

The 30-share index rebounded by 123.37 points, or 0.36 per cent, to 33,916.75. The gauge had lost 263.45 points in the previous three sessions.

SEBI faces legal challenge in probe over prescient messages

SEBI faces legal challenge in probe over prescient messages

Sat, Dec 30, 2017

Dozens of SEBI officials raided offices and homes of brokers on Dec 22, seizing mobile phones and laptops, one regulatory source told Reuters. As many as 30 brokers were targeted in the action, according to local media.

Axis Bank dives 2% after SEBI order to probe data leak

Axis Bank dives 2% after SEBI order to probe data leak

Thu, Dec 28, 2017

Axis Bank late last night had said it would work with Sebi on the issue of 'leakage' of unpublished price sensitive information and take appropriate action.

Sebi orders Axis Bank to probe results leak, beef up systems

Sebi orders Axis Bank to probe results leak, beef up systems

Wed, Dec 27, 2017

Axis Bank has to complete the inquiry within three months and file a report to Sebi within seven days thereafter, the regulator said, after it found that the company's results for the April-June 2017 quarter were "either identical or matched closely with the figures" that were in circulation on WhatsApp prior to an official announcement.

Microsoft launches Azure Stack for India

Microsoft launches Azure Stack for India

Wed, Dec 13, 2017

To further hasten Indian customers` move to the Cloud, Microsoft on Wednesday launched Azure Stack for India which is an extension of the company`s Azure Cloud platform.

Sensex zooms 195 points on strong global cues

Sensex zooms 195 points on strong global cues

Mon, Dec 11, 2017

Benchmark BSE Sensex advanced by 195 points in early session today on continuous buying by domestic institutional investors amid strong global leads. The NSE Nifty also went past the 10,300-mark.

Sensex falls 205 points after RBI holds rate; banks bleed

Sensex falls 205 points after RBI holds rate; banks bleed

Wed, Dec 06, 2017

The wider Nifty hit a low of 10,033.35 before finishing at 10,044.10, down 74.15 points or 0.73 per cent. It had touched a high of 10,104.20 in early trade.

Axis Bank's Q2 result paints a worrisome NPA picture again

Axis Bank's Q2 result paints a worrisome NPA picture again

Wed, Oct 18, 2017

Axis Bank in Q2FY18 result disappointed analysts by reporting net profit of Rs 432 crore. A Bloomberg poll of analysts projected PAT (profit after tax) of Axis Bank to be at Rs 1,320 crore this Q2.

Axis Bank's Q2 net profit rises by 36% yoy; divergence of Rs 5,633 crore in gross NPA

Axis Bank's Q2 net profit rises by 36% yoy; divergence of Rs 5,633 crore in gross NPA

Tue, Oct 17, 2017

The bank recorded standalone net profit of Rs 432.38 crore in Q2, higher by 35.50% as against Rs 319.08 crore a year ago same period.

From home loans to recurring deposits queries; SBI's SIA will answer it all for you

From home loans to recurring deposits queries; SBI's SIA will answer it all for you

Tue, Sep 05, 2017

SBI Intelligent Assistant - is a chatbot which answers retail product related queries for its customers.

Axis Bank has exposure on 12 accounts in RBI's second list of defaulters

Axis Bank has exposure on 12 accounts in RBI's second list of defaulters

Fri, Sep 01, 2017

Axis Bank stated that RBI has directed the bank to finalize and implement viable resolution plan for the identified second list of defaulters as on June 2017.

Shubh Aarambh Home Loans: Axis Bank to 'waive' some of your EMIs

Shubh Aarambh Home Loans: Axis Bank to 'waive' some of your EMIs

Thu, Aug 17, 2017

In a move to strengthen its home loan category, Axis Bank has launched "Shubh Aarambh" - an affordable housing loan product.

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