Axis Bank: On the watch list
For Axis Bank, investors' focus has shifted from loan growth to asset quality in recent quarters. And rightly so, as exposure to troubled sectors has led to sharp rise in bad loans. After adding...22-01-2017
22-01-2017
Brokerages trim target price for Axis Bank post poor Q3
The stock deserves to trade at 1.7 times 12-month price to adjusted book value as against 2.3 times PABV currently, due to profitability pressure, said HSBC.21-01-2017
Axis Bank tanks 6.5% as Q3 net slumps
Shares of Axis Bank plunged 6.5 per cent today after the company reported a sharp 73 per cent decline in December net profit. The stock tanked 6.54 per cent to Rs 452.05 on the BSE. On the NSE, it...20-01-2017
Axis' dismal show could trigger downgrades
Rise in bad loans from outside its watch list and slowing lending activity are sore points20-01-2017
Axis Bank Q3 net profit slumps 73 percent, hurt by higher provisions
Burden of bad loans shows no sign of abating Read more19-01-2017
Axis Bank Q3 results disappoint, net profit falls 73%
Axis Bank's net profit for its Q3FY17 & 9MFY17 stood at Rs 580 crores and Rs 2,454 crores respectively - a drop of 73% YOY for the quarter, and a drop of 60% YOY for the nine months ending December 2016. The Bank’s Gross NPA and Net NPA rose to 5.22% and 2.18% respectively in Q3FY17 as it moved some stressed assets from the watchlist to NPAs. The Bank’s Net Interest Income (NII) grew by 4% YOY to Rs 4,334 crores during Q3FY17, from Rs 4,162 crores in the previous year's quarter. Savings account balances have gone up by 27%, aided by the demonetization impetus and people depositing old notes into their accounts.19-01-2017
Announces Q3 results (Standalone), Limited Review Report (Standalone) & Earning Presentation for the Quarter ended December 31, 2016
AXIS Bank Ltd has announced the following Un-audited Standalone results for the quarter ended December 31, 2016:The Company has posted a net profit of Rs. 5795.70 million for the quarter ended December 31, 2016 as compared to Rs. 21753.00 million for the quarter ended December 31, 2015. Total Income has increased from Rs. 125311.10 million for the quarter ended December 31, 2015 to Rs. 145012.10 million for the quarter ended December 31, 2016.19-01-2017
Axis Bank shares gains 6 sessions in a row; hits 2-month high ahead of Q3 results
According to 20 Bloomberg' analyst estimates, Axis Bank may report a net profit of Rs831.80 crore in the third quarter18-01-2017
Allotment of Equity Shares under ESOP
AXIS Bank Ltd has informed BSE that the Bank has allotted 35,100 equity shares of Rs. 2/- each on January 16, 2017, pursuant to exercise of options under its ESOP Scheme.The paid up share capital of the Bank will accordingly increase from Rs. 478,30,18,646 (239,15,09,323 equity shares of Rs. 2/- each) to Rs. 478,30,88,846 (239,15,44,423 equity shares of Rs. 2/- each).16-01-2017
Axis Bank Cuts Lending Rates By Upto 0.70%
The first year Marginal Cost of funds Based Lending Rate (MCLR) stands at 8.25 per cent after the revision.14-01-2017