Allotment of Equity Shares under ESOP
AXIS Bank Ltd has informed BSE that the Bank has allotted 2,99,850 equity shares of Rs. 2/- each on August 01, 2016, pursuant to exercise of options under its ESOP Scheme.The paid up share capital of the Bank will accordingly increase from Rs. 477,52,59,526 (238,76,29,763 equity shares of Rs. 2/- each) to Rs. 477,58,59,226 (238,79,29,613 equity shares of Rs. 2/- each). Your Stock Portfolio: Axis Bank continues to rally
The stock's uptrend has been in place since taking support at 160 in August 2013 LIC signs up Axis Bank as bancassurance partner
In preliminary phase, bank will distribute LIC's life insurance products across its branches HDFC, Axis Bank and other private banks' unsecured retail lending portfolio rising
MUMBAI: Retail loans may have been a safe haven for banks, battered by mounting corporate bad loans, but the latest earnings posted by some of the largest private sector banks reveal that the unsecured portion of such loans are growing at a blistering pace, raising the possibility of defaults. HDFC Bank, India's most valuable lender, grew its personal loan book by 41 per cent at Rs 41,000 crore, and the bank's credit card business grew 26 per cent to Rs 21,000 crore. Personal and credit card business comprised 5 per cent of the bank's total retail book which stood at over Rs 3.2 lakh crore, but its delinquencies have risen in both these segments. "These products have an expected loss which is higher because you are pricing in a certain level of loss," Paresh Sukthankar, DMD, HDFC Bank, said. "As long as actual losses are within what you expect for those products, it's the cost of doing that business." India's third largest private sector lender Axis Bank too grew its unsecured lending portfolio in double digits which propped up its retail book. The bank had in the past stated that it wanted to grow its unsecured lending portfolio to 15 per cent of its retail lending portfolio. Axis Bank's personal loan and credit card business added Rs 15,000 crore to its total retail loan portfolio. The bank, which recorded retail NPAs upwards of Rs 300 crore, is not worried about growth in retail delinquencies. "If you look at the scale at which we have grown, the... Buy Axis Bank, target Rs 585: Tejas Shah
Buy Axis Bank Ltd. at a price target of Rs 585 and a stop loss at Rs 534 from entry point Markets continue to trade flat; Axis Bank up 3%
Markets continue to trade flat as gains in index heavyweights helped cap downside Allotment of Equity Shares under ESOP
AXIS Bank Ltd has informed BSE that the Bank has allotted 47,370 equity shares of Rs. 2/- each on July 25, 2016, pursuant to exercise of options under its ESOP Scheme.The paid up share capital of the Bank will accordingly increase from Rs. 477,51,64,786 (238,75,82,393 equity shares of Rs. 2/- each) to Rs. 477,52,59,526 (238,76,29,763 equity shares of Rs. 2/- each). 'Operating expenses to remain high in FY17': Deputy MD of Axis Bank
It expects a large part of incremental bad loans from the watch list to accrue in the first half of this financial year Axis Bank Q1 net dips 21% on higher provisioning
It missed analysts' estimates once after it set aside more money to provide for loans where borrowers missed payments. Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015)
AXIS Bank Ltd has informed BSE regarding the details of Voting results at the 22nd Annual General Meeting (AGM) of the Company held on July 22, 2016, under Regulation 44(3) of SEBI (LODR) Regulations, 2015.