Axis Bank | The Asian Age

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Total income of the bank rose to Rs 15,959.37 crore during the second quarter of 2018-19 as against Rs 13,820.62 crore.

Axis Bank Q2 net profit jumps 83 per cent to Rs 790 crore

The bank had registered a net profit of Rs 432 crore in the July-September quarter of 2017-18.

02 Nov 2018 5:07 PM

State Bank of India (SBI), the country’s top lender, said on Wednesday its board approved a plan to divest 4 per cent stake in its general insurance arm to funds managed by Axis Bank Ltd and Premji Invest.

SBI board gives nod to stake divestment in insurance arm

Its board approved a plan to divest 4 per cent stake in its general insurance arm to funds managed by Axis Bank Ltd and Premji Invest.

26 Sep 2018 5:50 PM

The Reserve Bank of India (RBI) on Monday approved the appointment of Amitabh Chaudhry as the new Managing Director and CEO of Axis Bank for a period of three years, starting January next year.

RBI approves Amitabh Chaudhry's appointment as Axis Bank CEO

Chaudhry will be a successor to incumbent CEO Shikha Sharma.

10 Sep 2018 3:22 PM

Axis Bank is presently running a pilot program for its customers at eight branches in rural segment largely covering areas of Punjab, Haryana, Gujarat and Andhra Pradesh.

Axis Bank introduces iris authentication for Aadhaar-based transactions

Bank is also exploring the application of iris-based Aadhaar authentication for varied services such as loan processing.

10 Aug 2018 2:55 PM

Axis Bank is likely to add between 350 to 400 branches to its network this year from the current about 3,800 branches, a top bank official said on Wednesday.

Axis Bank likely to add 350-400 branches in current fiscal

In Telangana, the country's third largest private sector bank, currently has 123 branches and 731 ATMs.

08 Aug 2018 5:29 PM

Shares of Axis Bank on Tuesday fell by 2.5 per cent after the private lender reported a 46 per cent drop in net profit for April-June quarter.

Axis Bank shares down 2.5 per cent after Q1 results

The bank had registered a net profit of Rs 1,306 crore in the June quarter of 2017-18.

31 Jul 2018 1:03 PM

Private lender Axis Bank on Monday reported a 46 per cent decline in net profit to Rs 701.09 crore for the April-June quarter on account of increase in bad loans.

Axis Bank Q1 profit slips 46 per cent to Rs 701 crore

In absolute terms, gross NPAs rose at Rs 32,662.40 crore as on June 30, 2018 compared to Rs 22,030.87 crore a year earlier.

30 Jul 2018 7:19 PM

Global ratings agency Fitch on Friday said ICICI Bank and Axis Bank have "gaps" in their risk control mechanisms and has revised down its outlook on the latter to negative on sour assets worries.

ICICI, Axis have gaps in their risk control mechanism, says Fitch

It can be noted that both the private sector lenders have had a tumultuous time in the past few months.

15 Jun 2018 4:49 PM

The National Company Law Appellate Tribunal on Thursday admitted a petition filed by banks against the NCLT order which had directed Jaiprakash Associates to return nearly 760 acres of land to its subsidiary Jaypee Infratech.

NCLAT admits banks' petition over Jaypee land

The bench fixed July 13 as the next date of hearing.

24 May 2018 2:08 PM

Axis Bank on Friday said its board has approved a proposal to increase its borrowing limit up to Rs 2 lakh crore.

Axis Bank board clears higher borrowing limit of Rs 2 lakh cr

Axis Bank yesterday reported a loss of Rs 2,189 crore.

27 Apr 2018 5:07 PM

Shares of Axis Bank on Friday rose nearly 6 per cent even as the company reported a net loss of Rs 2,188.74 crore for the quarter ended March 31, 2018. (Photo: PTI)

Axis Bank shares jump 6 pc despite disappointing Q4 show

Despite opening the day on a sluggish note, the stock bounced back within minutes and surged 5.55 per cent to Rs 522 on BSE.

27 Apr 2018 1:53 PM

Private sector Axis Bank on Thursday reported a net loss of Rs 2,188.74 crore for the quarter ended March 2018 due to higher provisioning for bad loans. (Photo:PTI)

Axis Bank posts net loss of Rs 2,189 cr in Q4

Also for the entire fiscal 2017-18, the bank's a net profit fell by 92.5 per cent to Rs 275.68 crore.

26 Apr 2018 7:24 PM

The van had stopped outside an ATM to replenish it with cash. While the cashier was inside, two men came there and allegedly fired at him and the security guard, they said. However, the cashier downed the shutter of the ATM in order to save himself. The accused then fled, police said. (Photo: File/Representational)

Bid to rob cash van goes in vain, two get bullet injuries

According to the police, the incident took place on Tuesday afternoon in Metro Vihar in Rohini area.

25 Apr 2018 6:28 AM

Axis Bank offers special banking services for Defence personnel

The Indian Army renewed its MOU with Axis Bank, to offer 'Power Salute'.

17 Apr 2018 12:29 PM

Recently, the Indian Army has also signed a MoU with the HDFC bank as well. (Photo: Facebook)

MoU between Indian Army, Axis Bank on defence salary package

First MoU between Axis Bank and the Indian Army was signed in 2011 and was renewed on March 24, 2015.

14 Apr 2018 12:25 PM

The US-based rating agency assesses management's ability and expertise to grow the business sustainably while rating banks.

ICICI, Axis troubles highlight governance issues in Indian banks: S&P

Axis Bank's gross non-performing asset ratio of 6 per cent is similar to ICICI Bank's 8 per cent.

12 Apr 2018 11:52 AM

When asked about the extent of impact of the banking crisis, Bawa said, “Huge...It (crisis in banking system) has already impacted investors sentiments.”

Investor sentiments impacted: IL&FS

In February, PNB detected fraudulent transactions at one of its branches in Mumbai.

12 Apr 2018 4:18 AM

On NSE, the stock opened at Rs 523, then jumped to a high of Rs 540, a rise of 3.98 per cent from its last close.

Axis Bank stock rises 4 pc after Shikha Sharma's tenure shortened

Shares of the company opened on a bullish note at Rs 523.10, then surged to a high of Rs 540.

10 Apr 2018 10:43 AM

Shikha Sharma cuts short her tenure at Axis Bank

Board accepts her request to curtail her tenure after reports of RBI’s displeasure; to quit by December 31.

10 Apr 2018 1:35 AM

The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

RBI drops Axis Bank from list of bullion importers

It was unclear why Axis, one of India’s leading importers of bullion, did not feature in the list.

03 Apr 2018 12:57 PM

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Anita Katyal