Markets extended losses in afternoon trade; Axis Bank down 2% on results
Broader sentiment remained positive, given hopes for improving profits and accelerating growth27-04-2017
27-04-2017
OUTCOME OF 175TH BOARD MEETING OF AXIS BANK LIMITED HELD ON 25TH APRIL 2017 AND 26TH APRIL 2017
Further to our intimation letter dated 26th April 2017 on the captioned subject. With reference to the RBI circular no RBI/2016-17/283 DBR.BP.BC.No.63/21.04.018/2016-17 dated April 18, 2017 relating to Disclosure in the 'Notes to Accounts' to the Financial Statements- Divergence in the asset classification and provisioning, the modifications pointed out by RBI in the Banks asset classification and provisioning as on 31st March 2016, have been...26-04-2017
Updates
With reference to Clause 50(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we inform that the due date for payment of interest on Unsecured Redeemable Non-Convertible Subordinated Debentures (Basel- III Compliant Tier II Debentures) (Series 24) is on 29.05.2017 (27.05.2017 being nonworking Saturday and 28.05.2017 being Sunday). You are requested to take the above on record.26-04-2017
Updates
With reference to above, we inform that the Record Date for payment of interest on Unsecured Redeemable Non-Convertible Subordinated Debentures (Basel- III Compliant Tier II Debentures) (Series 24) due on 29.05.2017 (27.05.2017 being nonworking Saturday and 28.05.2017 being Sunday) for the period 27.05.2016 to 28.05.2017, will be on 12.05.2017. Accordingly, the Register of Debenture holders (Sr.-24) and the Transfer Books of the above debentures...26-04-2017
Financial Results For Mar 31, 2017
This is to inform you that at the 175th meeting of the Board of Directors of the Bank (the Board) held on 25th April 2017 and which continued on 26th April 2017 and concluded at 5.00 p.m., the following items of business were transacted by the Board:- 1)Reviewed and approved the Audited Financial Results of the Bank, for the quarter/financial year ended 31st March 2017, the Audited Consolidated Financial Results for the year ended 31st March 2017...26-04-2017
Updates
We are pleased to inform that the Bank has allotted 5,74,405 equity shares of Rs. 2/- each on 24.04.2017, pursuant to exercise of options under its ESOP Scheme. The paid up share capital of the Bank will accordingly increase from Rs. 479,15,43,818 (239,57,71,909 equity shares of Rs. 2/- each) to Rs. 479,26,92,628 (239,63,46,314 equity shares of Rs. 2/- each). You are requested to take the above on record24-04-2017
Exports not to drive growth in FY18: Axis Bank
It will be difficult for corporate bond market to take on banks' role in infra finance.19-04-2017
Infra, pvt banks to lead next rally: Axis Capital
The consumption story is going to be preferred. as they reflect the India story. The deal sizes are going to be larger and the quality superior, says Mehta.18-04-2017
Updates
This is to inform you that the Bank has reviewed and decided to keep the MCLRs of the Bank unchanged. This will be effective from 18th April, 2017. The press release in this regard is enclosed herewith. You are requested to take note of above and arrange to bring it to the notice of all concerned.17-04-2017