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Axis Bank Ltd (AXBK.NS)

AXBK.NS on National Stock Exchange of India

502.80INR
6:29am EDT
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Latest Key Developments (Source: Significant Developments)

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

Axis Bank Sept-qtr profit down about 83 pct
Tuesday, 25 Oct 2016 07:30am EDT 

Axis Bank Ltd : Sept quarter net profit 3.19 billion rupees . Axis bank ltd consensus forecast for sept quarter net profit was 16.61 billion rupees . Sept quarter interest earned 111.59 billion rupees versus 99.60 billion rupees year ago . Sept quarter provisions 36.23 billion rupees versus 7.07 billion rupees year ago . Sept quarter gross NPA 4.17 percent versus 2.54 percent previous quarter . Sept quarter net NPA 2.02 percent versus 1.08 percent previous quarter . Under basel iii, total car & tier i car stood at 15.20% and 12.03% respectively. . Says watch list loans as on september 30, 2016 reduced by 32% quarter on quarter and stood at 137.89 billion rupees . Says watch list has reduced to 3.5% of customer assets in September 2016, from 5.4% in june 2016 . Sept quarter NIM 3.64 percent .The profit alert was first sourced from TV and later confirmed from a press release at the National Stock Exchange.  Full Article

India's Axis Bank June-qtr profit down about 21 pct
Friday, 22 Jul 2016 07:25am EDT 

Axis Bank Ltd : Says June-quarter net profit 15.56 billion rupees versus net profit of 19.78 billion rupees year ago . Says June-quarter gross NPA 2.54 percent versus 1.67 percent previous quarter . Says June-quarter interest earned 111.14 billion rupees versus 99.36 billion rupees year ago . Says June-quarter net NPA 1.08 percent versus 0.70 percent previous quarter . Says June-quarter provisions 21.17 billion rupees versus 11.22 billion rupees year ago . Consensus forecast for June-quarter net profit was 19.98 billion rupees . Says June-quarter net interest margin 3.79 percent . Says watch list loans as on June 30, 2016 reduced 10% quarter on quarter and stood at INR 202.95 billion . Says most of the slippages on corporate lending in Q1 were from the watch list .  Full Article

Axis Bank seeks members' nod for raising up to 350 bln rupees
Tuesday, 28 Jun 2016 03:10am EDT 

Axis Bank Ltd : Seeks members' nod for raising funds of up to 350 billion rupees .  Full Article

HDFC says talks to takeover Max Life could continue for 2 months
Friday, 17 Jun 2016 09:00am EDT 

: HDFC exec says does not foresee need for open offer in Max Life takeover . HDFC exec says Max Life takeover will give opportunity for automatic listing of HDFC Life . HDFC exec says talks to takeover Max Life could continue for 2 months . HDFC exec says expects to complete whole process of taking over Max Life in 12 months . HDFC Life exec says aim is to retain top management on both sides after Max Life takeover ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

Axis Bank signs agreements with A.Treds Limited and MJunction Services Limited
Wednesday, 1 Jun 2016 08:10am EDT 

Axis Bank Ltd : Bank has signed tripartite share subscription agreement and shareholders agreement with a.treds limited and mjunction services limited . Says pursuant to execution of agreements, bank invested inr 165 million and mjunction has invested inr 82.5 million in the company .  Full Article

Axis Bank says priced $500 mln 2.875 pct senior unsecured notes due 2021
Thursday, 26 May 2016 07:35am EDT 

Axis Bank Ltd :Announced that it priced US$500 million 2.875% senior unsecured notes due 2021.  Full Article

More From Around the Web

BRIEF-Quantum Build-Tech approves one-time settlement plan with Axis Bank for outstanding loan

* Says considered and approved a one-time settlement plan and understanding with Axis Bank Limited for outstanding loan Source text: (http://bit.ly/2nk3dgI) Further company coverage: