Axis Bank Ltd (AXBK.NS)
21 Oct 2016
* Says breach has occurred in case of customers who have used certain non Axis Bank ATMs
MUMBAI, July 22 India's Axis Bank Ltd on Friday reported a surge in bad loans in its first quarter that pushed net profit down by a fifth but the bank said the growth in problem loans was in line with its expectations.
July 5 The Indian cabinet approved a proposal to rasie foreign investment in Axis Bank Ltd to 74 percent from 62 percent, Minister of Communications and Information technology, Ravi Shankar Prasad, said on Tuesday.
(The following statement was released by the rating agency) MUMBAI/SINGAPORE, May 24 (Fitch) Fitch Ratings has assigned India-based Axis Bank Ltd's (BBB-/Stable) USD500m senior unsecured notes due June 2021 a final rating of 'BBB-'. This follows the completion of the securities issue, as well as the receipt of final documents conforming to information previously received. The final rating is the same as the expected rating assigned on 22 May 2016. The notes will constitute direct, unconditio
(The following statement was released by the rating agency) MUMBAI/SINGAPORE, May 22 (Fitch) Fitch Ratings has assigned India-based Axis Bank Ltd.'s (BBB-/ Stable) proposed USD500m senior unsecured debt an expected rating of 'BBB-(EXP)'. The notes, which would be the first "Green Bond" (proceeds used only to fund environmentally friendly projects) issuance from the bank, and will constitute direct, unconditional, unsubordinated and unsecured obligations of the issuer. The notes will at all
MUMBAI, April 26 Axis Bank Ltd, India's third-biggest private sector lender by assets, said it expected bad loans to rise in the current financial year and credit costs to be sharply higher, after reporting a fall in fourth-quarter profit.