Axis Bank

Axis Bank News

Axis Bank Q1 standalone net rises 95% to Rs 1,370 crore

Total income (standalone) rose to Rs 19,123.71 crore for the 2019-20 June quarter, from Rs 15,702.01 crore in year-ago period, Axis Bank said in a regulatory filing.

Axis Bank posts Rs 1,505 crore net in Q4

The bank has recognised slippages of Rs 3,012 crore in Q4FY19, as against Rs 3,746 crore in Q3FY19 and Rs 16,536 crore in Q4FY18.


Centre may fetch over Rs 5,300 crore through Axis Bank stake sale

The offer for sale of up to 3 per cent would be for two days from February 12 and is part of the government’s disinvestment programme through which it aims to raise Rs 80,000 crore in the current fiscal.

Axis Bank shares jump over 6 per cent after Q3 results

Axis Bank Tuesday reported over two-fold jump in net profit to Rs 1,680.85 crore for the third quarter ended December 31. The bank had posted a net profit of Rs 726.44 crore in the corresponding period of the previous fiscal.

Axis Bank Q3 net jumps to Rs 1,681 crore

MD and CEO Amitabh Chaudhry said the bank’s strategy for the next three years would “pivot around delivery of three important vectors – growth, profitability and sustainability”

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Axis Bank appoints Amitabh Chaudhry as MD & CEO, to take charge from Jan 1

In April, Axis Bank board had curtailed the fourth term of its CEO and Managing Director Shikha Sharma to seven months following an unusual request from her that she be relieved on December 2018, 29 months ahead of the scheduled term.

Md & CEO post: Axis board recommends three candidates

In April 2018, the proposed three-year term of Shikha Sharma as MD & CEO of Axis Bank was cut to just 7 months following the RBI’s directive to the board to reconsider her three-year term.

Axis tops value, Paytm volumes in mobile banking

However, Paytm’s value share is a meagre 0.25 per cent, according to State Bank of India’s (SBI) annual report for 2017-18 which has put out Reserve Bank of India’s data for January 2018.

Axis Bank increases MCLRs by 10-15 basis points

All large lenders have raised lending rates since the beginning of 2018 as yields in the money markets hardened in the past few months.