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Axis Bank Ltd (AXBK.NS)

AXBK.NS on National Stock Exchange of India

508.00INR
21 Jun 2017
Change (% chg)

Rs0.65 (+0.13%)
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Rs507.35
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Rs508.90
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3,463,745
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Rs638.30
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Rs424.40

Latest Key Developments (Source: Significant Developments)

Axis Bank signs agreement for sale stake in Mswipe Technologies
Wednesday, 21 Jun 2017 12:47am EDT 

June 21 (Reuters) - Axis Bank Ltd :Says signed an agreement for sale of 1,90,500 equity shares of mswipe technologies.Says agreement for a total cash consideration of inr 809.4 million.  Full Article

Axis Bank to issue of non-convertible subordinated debentures up to 50 bln rupees
Monday, 12 Jun 2017 08:46am EDT 

June 12 (Reuters) - Axis Bank Ltd :Says to raise funds via issue non convertible subordinated debentures up to 50 billion rupees.  Full Article

Axis Bank March-qtr profit down about 43 pct
Wednesday, 26 Apr 2017 08:07am EDT 

April 26 (Reuters) - Axis Bank Ltd :March quarter net profit 12.25 billion rupees .Says recommended dividend of INR 5 per share.March quarter interest earned 111.68 billion rupees versus 108.99 billion rupees year ago.March quarter provisions 25.81 billion rupees versus 11.68 billion rupees year ago.March quarter gross NPA 5.04 percent versus 5.22 percent previous quarter.March quarter net NPA 2.11 percent versus 2.18 percent previous quarter.Consensus forecast for march quarter net profit was 9.51 billion rupees.As on 31st march 2017, fund based outstanding on the bank’s watch list reduced 15% over the previous quarter and stood at 94.36 billion rupees.Watch list has reduced to 2.2% of customer assets in march 2017, from 2.8% of customer assets in december 2016 and 6.2% as on 31st March 2016.Says qtrly provision coverage ratio (PCR) improved to 65% from 64% QOQ.On a cumulative basis for the year ended 31st march 2017, 84% of corporate slippages originated from the watch list.March quarter NIM 3.83 percent.During quarter, reduction in watch list primarily represents slippages to NPAs worth INR 35.66 billion, which comprises 83% of total corporate credit slippages..March quarter net profit last year was 21.54 billion rupees.The profit alert was first sourced from TV and later confirmed from a press release off the NSE.  Full Article

Axis Bank updates on CBI booking officials on deposits post demonetization
Tuesday, 11 Apr 2017 09:07am EDT 

Axis Bank Ltd : Axis Bank Ltd clarifies on news item "CBI books Axis Bank officials for Rs 100.57 crore deposits post demonetization" . Axis Bank Ltd says event will not have any bearing on the operations/financials of the bank . Axis Bank Ltd says CBI inquiry pertains to an earlier investigation relating to cash deposits made at co's Memnagar branch during Nov & Dec 2016 .Axis Bank Ltd - bank had completed preliminary investigations and had taken appropriate actions against employees found to have indulged in irregularities.  Full Article

Axis Bank signs deal with GUS Holdings B.V. for sale of 10 pct of Experian India
Friday, 31 Mar 2017 09:27am EDT 

Axis Bank Ltd : Says signed deal with GUS Holdings B.V. for sale of 10 percent shares of Experian India to GUS Holdings at INR 45.7 per share . Says deal for total cash consideration of 640 million rupees .Says deal expected to be completed by June 2017.  Full Article

Axis Bank & Wells Fargo partner to offer remittance facility to US-based NRI customers
Thursday, 30 Mar 2017 05:54am EDT 

Axis Bank Ltd : Axis Bank and Wells Fargo enter into bilateral arrangement to offer remittance facility to US-based NRI customers .Co's NRI customers can send remittances to their accounts in India 24x7 through Wells Fargo's "Expresssend Service", after enrolment in service.  Full Article

Axis Bank says report on merger with Kotak is "baseless speculation"
Thursday, 9 Feb 2017 04:09am EST 

Axis Bank Ltd : Axis Bank Ltd says clarifies on news item about possible merger with Kotak .Axis Bank Ltd says above report is baseless speculation.  Full Article

Axis Bank to sell shares of Experian Credit Information Co of India for 640 mln rupees
Tuesday, 7 Feb 2017 05:38am EST 

Axis Bank Ltd :Says signs agreement for sale of 14 million shares of Experian Credit Information Co of India for INR 640 million.  Full Article

Axis Bank Dec qtr profit falls about 73 pct
Thursday, 19 Jan 2017 06:08am EST 

Axis Bank Ltd : Dec quarter net profit 5.80 billion rupees versus net profit of 21.75 billion rupees year ago . Dec quarter interest earned 111.01 billion rupees versus 101.93 billion rupees year ago . Dec quarter provisions 37.96 billion rupees versus 7.13 billion rupees year ago . Dec quarter gross NPA 5.22 percent versus 4.17 percent previous quarter . Says net interest margin for Q3FY17 stood at 3.43 pct . Dec quarter net NPA 2.18 percent versus 2.02 percent previous quarter . Axis Bank Ltd consensus forecast for Dec quarter net profit was 7.79 billion rupees . Axis Bank says watch list loans reduced to 2.8% of customer assets in Dec 2016, from 3.5% in Sept 2016 and 6.2% at beginning of current FY . Axis bank says under basel III, total car & tier i car (including the net profit for 9MFY17) stood at 16.59% and 12.99% respectively during quarter . Dec quarter gross slippages declined by 48% Q-o-Q .Most of the slippages in corporate lending in Dec quarter were from the watch list.  Full Article

India's Axis Bank sees FY17 credit costs at roughly double of previous guidance
Tuesday, 25 Oct 2016 08:00am EDT 

Axis Bank Ltd : Axis Bank Ltd exec says bad loans rose as some watch list accounts slipped into NPLs . Axis Bank Ltd exec says "operating environment continues to remain challenged" . Axis Bank Ltd exec says higher proportion of watchlist may turn NPL than previously guided . Axis Bank Ltd exec says sees credit costs for the full year at roughly around 305 BPS recorded in H1 Further company coverage: [AXBK.NS] (Bengaluru newsroom) ((ReutersIndia.snapping@thomsonreuters.com ;)) Keywords: AXIS BANK RESULTS (URGENT).  Full Article

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BRIEF-Axis Bank proposes to raise funds by issuing NCDs worth 35 bln rupees

* Says proposes to raise funds by issuing NCDs worth 35 billion rupees Source text for Eikon: Further company coverage: