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Axis Bank Ltd (AXBK.NS)

AXBK.NS on National Stock Exchange of India

510.30INR
5:55am EDT
Change (% chg)

Rs8.60 (+1.71%)
Prev Close
Rs501.70
Open
Rs500.00
Day's High
Rs518.20
Day's Low
Rs500.00
Volume
5,169,048
Avg. Vol
6,189,522
52-wk High
Rs560.00
52-wk Low
Rs424.40

Latest Key Developments (Source: Significant Developments)

Axis Bank says had exposure on 12 accounts mentioned by RBI for insolvency proceedings
Thursday, 31 Aug 2017 11:31pm EDT 

Sept 1 (Reuters) - Axis Bank Ltd ::Says bank had exposure on 12 of the accounts mentioned by RBI for insolvency proceedings.Says total fund based outstanding of bank on accounts in RBI directions was INR 18.43 billion; non fund based outstanding was INR 6.49 billion.  Full Article

India's Axis Bank approves re-appointment of Shikha Sharma as CEO
Thursday, 27 Jul 2017 06:21am EDT 

July 27 (Reuters) - Axis Bank Ltd ::Says approved re-appointment of Shikha Sharma as managing director & CEO of bank for a period of 3 years.  Full Article

Axis Bank to buy Freecharge
Thursday, 27 Jul 2017 02:52am EDT 

July 27 (Reuters) - Axis Bank Ltd :Says entered into a share purchase agreement ('SPA') with Jasper Infotech Private Limited.Says deal for cash consideration of INR 3.85 billion.Says agreement to buy 100 % equity capital of Accelyst Solutions & Freecharge Payment Technologies Private Limited.Says indicative time period for completion of acquisition is 2 months.  Full Article

India's Axis bank exec: hopeful of coming back to long-term average credit cost of 94 bps in FY19
Tuesday, 25 Jul 2017 08:07am EDT 

July 25 (Reuters) - India's Axis Bank :Exec says has provisions of about 25.2 billion rupees on borrowers taken to bankruptcy.Exec says big bulk of slippages that were to happen from watch list largely done.Exec says hopeful of coming back to long-term average credit cost of 94 bps in 2018/19.  Full Article

Axis Bank June-qtr profit down about 16 pct
Tuesday, 25 Jul 2017 07:05am EDT 

July 25 (Reuters) - Axis Bank Ltd :June quarter net profit 13.06 billion rupees versus net profit of 15.56 billion rupees year ago.Consensus forecast for June quarter net profit was 12.82 billion rupees.June quarter interest earned 110.52 billion rupees versus 111.14 billion rupees year ago.June quarter provisions 23.42 billion rupees versus 21.17 billion rupees year ago.June qtr gross NPA 5.03 pct VS 5.04 pct previous qtr .June qtr net NPA 2.30 pct vs 2.11 pct previous qtr .Says June quarter NIM stood at 3.63 pct.As on 30th June 2017, loans outstanding on bank's watch list declined 16 percent over previous quarter and stood at 79.41 billion rupees.  Full Article

India's Axis Bank appoints headhunters to find new CEO- Bloomberg,citing sources
Friday, 14 Jul 2017 03:18am EDT 

July 14 (Reuters) - :India's Axis Bank appoints headhunters to find new CEO- Bloomberg,citing sources.  Full Article

GMR Infra says GMR Goa International Airport concludes fund raising for Mopa airport project.
Sunday, 9 Jul 2017 11:06pm EDT 

July 10 (Reuters) - GMR Infrastructure Ltd :Says GMR Goa International Airport (GGIAL) concludes fund raising for Mopa airport project..Says GGIAL signs common loan agreement with Axis Bank Ltd.GMR Infrastructure - bank to provide loan of 13.30 billion rupees for the development of project.  Full Article

Axis Bank says had exposure on 8 accounts that RBI advised to start insolvency resolution process
Wednesday, 28 Jun 2017 11:25pm EDT 

June 29 (Reuters) - Axis Bank Ltd :Says bank had exposure on 8 accounts that reserve bank of india advised to initiate insolvency resolution process.Says total fund based outstanding of bank on these accounts was INR 50.71 billion, non-fund based outstanding was INR 2.12 billion.Says against outstanding amount, provision held was 24.97 billion rupees.  Full Article

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

BRIEF-India's Axis Bank keeps one-year MCLR unchanged at 8.25 pct

Sept 15 Axis Bank Ltd: * Says 1 year MCLR unchanged at 8.25 percent Source text - http://bit.ly/2eZsFTU Further company coverage: