AXIS BANK LTD. - 532215 - Shareholder Meeting / Postal Ballot-Outcome of AGM
Proceedings of AGM, e-voting results and report of scrutinizers are attached herewith.28-07-2023
28-07-2023
AXIS BANK LTD. - 532215 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication containing Un-audited Financial Results for the quarter ended June 30, 2023.28-07-2023
Axis Bank Share Price Live blog for 28 Jul 2023
Axis Bank stock price went down today, 28 Jul 2023, by -1.75 %. The stock closed at 976.85 per share. The stock is currently trading at 959.75 per share. Investors should monitor Axis Bank stock price closely in the coming days and weeks to see how it reacts to the news.28-07-2023
AXIS BANK LTD. - 532215 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Loss / Duplicate Share Certificate27-07-2023
AXIS BANK LTD. - 532215 - Announcement under Regulation 30 (LODR)-Change in Directorate
Withdrawal of Nomination of T. C. Suseel Kumar, Non-Executive (Nominee) Director of Axis Bank Limited and nomination of Mini Ipe for appointment as Non-Executive (Nominee) Director.27-07-2023
Q1FY24 Quarterly Result Announced for Axis Bank Ltd.
Axis Bank announced Q1FY24 results: Strong operating performance Net interest income grew 27% YoY and 2% QoQ, non-interest income grew 74% YoY and 6% QoQ Operating revenues grew 38% YoY and 3% QoQ, operating profit grew 50% YoY Consolidated ROE & ROA at 19.44% & 1.83%, up 388 bps and 35 YoY respectively Subsidiaries contributed 27 bps & 3 bps to consolidated ROE & ROA respectively Robust loan growth delivered across all business segments Rural loans grew 22% YoY & 1% QoQ, small business banking loans grew 46% YoY & 8% QoQ Mid-corporate (MC) book grew 38% YoY SBB + SME + MC mix at Rs 1,72,589 crore & 20% of loans, up over 600 bps in last 3 years Steady growth in granular deposits, early visibility of improving quality On a QAB basis total deposits grew 15% & 6% and term deposits grew 12% & 5% on YoY & QoQ basis. On MEB, deposits grew 17% YoY; SA grew 22% YoY, CA grew 23% YoY with CASA ratio at 46% up 182 bps YoY Average LCR during Q1FY24 was ~123%, outflow rates improved ~460 bps over last 2 years Well capitalized with self-sustaining capital structure; adequate liquidity buffers Overall capital adequacy ratio (CAR) including profit stood at 17.74% with a CET 1 ratio of 14.38% Self-sustaining capital structure with net accretion to CET-1 of 36 bps in Q1FY24 COVID provisions of Rs 5,012 crore, not in CAR calculation provide an additional cushion of ~50 bps Retaining a strong position in Payments and Digital Banking Axis Mobile & Axis Pay have ~8.4 million non-Axis Bank customers 100+ digital partnerships across platforms and ecosystems; ~13 million customers on WhatsApp banking Axis Mobile remains the world’s highest-rated MB app on the Google Play store with a rating of 4.8; ~12 million MAU Credit card CIF market share at 14%, Retail Card spending grew 100% YoY and 33% QoQ Declining gross NPAs and slippages Gross NPA at 1.96% declined by 80 bps YoY & 6 bps QoQ, Net NPA at 0.41% declined 23 bps YoY PCR healthy at 80%; On an aggregated basis, Coverage ratio at 145% Q1FY24 gross slippage ratio (annualized) at 1.87%, declined 18 bps YoY, net slippage ratio at 0.80% Q1FY24 net credit cost (annualized) at 0.50% Bank’s subsidiaries continue to deliver steady performance Q1FY24 profit at Rs 303 crore up 16% YoY, with a return on investment in domestic subsidiaries of 45% Axis Finance PAT grew 29% YoY to Rs 123 crore; asset quality remains stable, CAR healthy at 18.6% Axis AMC Q1FY24 PAT stood at Rs 91 crore, Axis Securities Q1FY24 PAT grew 14% YoY to Rs 45 crore Axis Capital executed 14 investment banking deals in Q1FY24 Amitabh Chaudhry, MD & CEO, Axis Bank, said, “We are striving to create a distinctive new age bank that provides seamless banking solutions to customers, giving wings to their financial dreams and aspirations. We have been constantly raising the bar - strengthening our digital capabilities and building on our robust pipeline of products and services while keeping customer centricity at the core of every initiative. With India’s strong macro environment supporting growth and providing abundant opportunities, we are geared up and confident of delivering sustainable growth across all our priority businesses.” Result PDF27-07-2023
AXIS BANK LTD. - 532215 - RBI Approval - Appointment Of N. S. Vishwanathan As The Non-Executive (Part-Time) Chairman Of Axis Bank Limited
We refer to our letter no. AXIS/CO/CS/159/2023-24 dated June 16, 2023, informing that the Board of Directors of the Bank has approved the appointment of N. S. Vishwanathan (DIN: 09568559), Independent Director as the Non-Executive (Part-time) Chairman of the Bank, for a period of three years subject to approval of the shareholders of the Bank and the Reserve Bank of India (RBI). In this regard, we now wish to inform you that the RBI vide its letter dated July 26, 2023, has approved the appointment of N. S. Vishwanathan as the Non-Executive (Part-Time) Chairman of the Bank, for a period of three years w.e.f. October 27, 2023. The approval of the shareholders of the Bank is being sought at the ensuing Annual General Meeting scheduled on July 28, 2023.27-07-2023
Axis Bank share price rises after Q1 results; Should you buy, sell or hold? Check out what brokerages say
Axis Bank reported a 41% year-on-year (y-o-y) increase in net profit for Q1FY24, driven by higher net interest income and fee income. Net profit during the quarter rose to 5,797 crore from 4,125 crore during the corresponding period last year.27-07-2023
Axis Bank hits 52-week high post Q1 earnings. Should you buy?
Axis Bank reported a standalone net profit of Rs 5,797.10 crore for the quarter ended June 2023, up 40% year-on-year (YoY) over Rs 4,125.26 crore profit reported by the company in the corresponding period of the last financial year. An ET NOW poll of analysts had anticipated the profit figure at Rs 6,000 crore.27-07-2023
Axis Bank Results Earnings Call for Q1FY24
Conference Call with Axis Bank Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.26-07-2023