Axis bank share price: While Axis bank Q1 results were sub-par, Street remains "cautiously optimistic" on stock outlook
Stocks to Watch today, July 25, 2024: Axis Bank ADRs fell 4.5 per cent overnight in US markets. Meanwhile, RBL Bank counter is expected to see a block deal today
The bank's net interest income (NII) increased 12 per cent year-on-year (Y-o-Y) and 3 per cent sequentially to Rs 13,448 crore in Q1FY25, aided by steady growth in advances
Fintech will provide point-of-sale and card machines to the private sector lender
Former Citibank customers are now under the Axis Bank umbrella
In the interim budget, the government announced a gross borrowing of Rs 14.13 trillion, with a fiscal deficit target of 5.1 per cent of the gross domestic product
Axis Bank may be capable of growing faster than peers and it may see a decline in operating expenses ratio from current levels
Nearly Rs 5 trillion has been mobilised by ECM since 2022. This outpaces Rs 2.6 trillion inflows received by equity MF schemes during this period
UPI services will be unavailable for customers from 3:00 AM to 3:45 AM and from 9:30 AM to 12:45 PM on July 13, 2024
The complete migration of all Citi relationships, including your credit cards, to Axis Bank, will wrap up by July 15, 2024
Credit card spending in May 2024 increased by 17 per cent Y-o-Y to Rs 1.65 trillion from Rs 1.55 trillion in April 2024, rising by 6.45 per cent
At 02:04 pm; Nifty Private Bank index was up 1.7 per cent, as compared to 0.65 per cent rise in the Nifty 50 and 0.20 per cent gain in Nifty PSU Bank index.
Maintaining the current capex pace as a percentage of GDP would be a favourable outcome, said Ashish Gupta
US-based investment banking company Morgan Stanley on Friday bought 1.7 crore shares of private sector lender Axis Bank for Rs 2,083 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Morgan Stanley & Company International Plc acquired 1,70,00,000 shares, amounting to a 0.5 per cent stake in Axis Bank. The shares were purchased at an average price of Rs 1,225.75 apiece, taking the transaction value to Rs 2,083.77 crore. Details of the sellers of Axis Bank's shares could not be ascertained. Shares of Axis Bank fell 0.60 per cent to close at Rs 1,232.10 per piece on the NSE. On Wednesday, Axis Bank increased its holding in Max Life to 19.99 per cent for Rs 336 crore. After the stake purchase, the aggregate shareholding of Axis entities increased from 19.02 per cent to 19.99 per cent. Axis Bank and its two subsidiaries - Axis Capital Ltd and Axis Securities Ltd - were allowed to collectively own about 20 per .
Max Life Insurance is a subsidiary of Max Financial Services
Shares of the bank, India's fifth largest by market capitalisation, jumped as much as 2.2% after the news. The stock was among the top gainers on the Nifty 50 index
The market capitalisation of BSE-listed firms hit a new record high of Rs 437.24 lakh crore on Tuesday amid an optimistic trend in equities where the BSE Sensex maintained the record-breaking run and hit another lifetime closing high level. Rising for the fourth straight session, the 30-share BSE benchmark climbed 308.37 points or 0.40 per cent to settle at a new closing peak of 77,301.14. During the day, it jumped 374 points or 0.48 per cent to hit the fresh lifetime peak of 77,366.77. The positive trend in equities took the market capitalisation of BSE-listed firms to a new record high of Rs 4,37,24,261.40 crore (USD 5.24 trillion). In four days, the investors' wealth has risen by Rs 10.29 lakh crore. "Key benchmark indices continued their record-breaking spree as renewed FII buying interest coupled with moderating domestic inflation has raised hopes of a rate cut by this year-end. "Although monsoon has made a steady start, investors are hoping for a pick-up in rain activity ove
Axis Bank completed the acquisition of Citibank India's consumer banking business effective March 1, 2023
The Finance Commission had allowed states to borrow up to 4-3.5 per cent of Gross State Domestic Product in FY22-23, with unused limits usable up to FY25
The Financial Intelligence Unit has slapped a fine of more than Rs 1.66 crore on Axis Bank for "failing" to put in place a mechanism to detect and report suspicious transactions carried out at one of its branches by creating a "fraud" account in the name of counter-terrorist commando force NSG. The federal agency has issued an order on June 3 under Section 13 of the Prevention of Money Laundering Act (PMLA) that empowers its Director to impose a monetary penalty on a reporting entity (like Axis Bank) if the agency finds that its designated director on the board or any of its employees failed to comply with the obligations mandated under the said law. A query sent to Axis Bank did not elicit an immediate response. According to the summary order accessed by PTI, the case pertains to an instance where "an employee of Axis Bank was alleged to have been complicit in a large-scale fraud and corruption scandal, in collusion with others." The Financial Intelligence Unit (FIU) order said th