Buy Axis Bank; target of Rs 1150: ICICI Securities
ICICI Securities is bullish on Axis Bank recommended buy rating on the stock with a target price of Rs 1150 in its research report dated October 26, 2023.27-10-2023
27-10-2023
AXIS BANK LTD. - 532215 - Shareholder Meeting / Postal Ballot-Outcome of Postal Ballot
Result of Postal Ballot under Regulation 44(3) of SEBI (LODR) Regulations, 2015.26-10-2023
AXIS BANK LTD. - 532215 - Announcement under Regulation 30 (LODR)-Cessation
This is to inform you that Rakesh Makhija (DIN: 00117692), Independent Director and Non-Executive (Part-time) Chairman of the Bank has ceased to be the Chairman and a member of the Board of Directors of the Bank, with effect from the close of business hours on Thursday, October 26, 2023, upon completion of his tenure, under the provisions of the Banking Regulation Act, 1949.26-10-2023
AXIS BANK LTD. - 532215 - Appointment Of Whole Time Director
Appointment of Munish Sharda as a Whole Time Director, designated as "Executive Director" of the Bank (including his terms and conditions and remuneration), effective from (i) November 1, 2023; or (ii) the date of approval of his appointment by Reserve Bank of India ("RBI"), whichever is later.26-10-2023
AXIS BANK LTD. - 532215 - Earnings Call - Axis Bank Limited
Audio Recording of Earnings call of Axis Bank Limited - Q2FY2425-10-2023
AXIS BANK LTD. - 532215 - Related Party Transaction
Disclosure of Related Party Transaction for the half year ended September 30, 202325-10-2023
Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Axis Bank Ltd.
Axis Bank announced Q2FY24 & H1FY24 results: H1FY24 PAT at Rs 11,661 crore growing 23% YoY, H1FY24 consolidated ROE at 19.04% up 179 bps YoY, driven by NIMs at 4.11%, 30% YoY H1FY24 fee growth, 23% YoY loan growth, aided by 15% YoY retail term deposits growth. Q2FY24 PAT at Rs 5,864 crore with a consolidated ROE of 18.67%. Q2FY24 Consolidated ROA at 1.83%, with 7 bps contributed by subsidiaries. Net Interest Income grew 19% YoY and 3% QoQ, Net Interest Margin at 4.11%, up 15 bps YoY and 1 bps QoQ. Fee income grew 31% YoY and 11% QoQ, Retail fee grew 38% YoY and 11% QoQ, granular fees at 93% of total fees. Core Operating profit grew 12% YoY and 5% QoQ. On an MEB, retail term deposits grew 15% YoY & 4% QoQ, the CASA ratio at 44%, and total deposits grew 18% YoY & 1% QoQ. Domestic advances are up 26% and 5%, Retail up 23% and 4%, SME up 27% and 9%, and Corporate up 21% and 3% on YoY and QoQ basis. Overall CAR stood at 17.84% with a CET 1 ratio of 14.56%, net accretion to CET-1 of 54 bps in H1FY24, 18 bps in Q2 FY24. GNPA% at 1.73% declined by 77 bps YoY and 23 bps QoQ, NNPA% at 0.36% declined by 15 bps YoY and 5 bps QoQ. 1.2 million credit cards issued in Q2FY24, CIF market share of 14.1% as of Sep’23, spends up 60% YoY & 5% QoQ. 2nd largest player in Merchant Acquiring with a market share of 18.6%, incremental share of 23% in the last year. Amitabh Chaudhry, MD & CEO, Axis Bank, said, “Despite a highly volatile global geopolitical landscape, we believe the India story remains strong. With the upcoming festivities, we are already seeing a surge in demand, which augurs well for business. At Axis Bank, our GPS agenda is on track and we are looking at steady growth for all major business verticals of the Bank. We have been diligently working on both physical reach and digital prowess, extending our services not just to the metros and urban centers, but to the heart of Bharat which is home to the vast majority of India’s population.” Result PDF25-10-2023
AXIS BANK LTD. - 532215 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation along with Press Release on the unaudited financial results of the Bank (Standalone and Consolidated) for the quarter and half year ended September 30, 2023.25-10-2023
AXIS BANK LTD. - 532215 - Financial Results
Results for the quarter and half year ended September 30, 202325-10-2023
Axis Bank share price in focus ahead of Q2 results; check details
Axis Bank share price flat ahead of Q2 results. Axis Bank stock may face further correction. Axis Bank expected to see 12% YoY rise in net profit.25-10-2023