|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||581.30 - 594.90|
|52-week range||524.55 - 594.90|
|PE ratio (TTM)||35.82|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
India's market regulator ordered Axis Bank (AXBK.NS) on Wednesday to conduct an internal investigation into a suspected leak of financial information and to strengthen its handling of such data, as part of a probe into messages about company results being circulated on private WhatsApp groups. The Securities and Exchange Board of India (SEBI) order comes after Reuters reported last month that Axis Bank was among 12 companies where messages about quarterly results or other key financial details had circulated through private WhatsApp chatrooms before their official release. The information on Axis Bank, which included key metrics on bad loans and net interest margins, "were either identical or matched closely with the figures" except for one metric, the regulator said in the order, published on SEBI's web site.
Mumbai, Nov 10 (IANS) Private sector lender Axis Bank on Friday said it plans to raise Rs 11,626 crore to bolster its capital adequacy and for future growth needs. The country's third-largest private sector bank would require shareholders' approval to go ahead with its plans to raise the equity and equity-linked capital from a set of marquee investors including entities affiliated with Bain Capital Private Equity and its promoter Life Insurance Corporation of India (LIC). Axis Bank will seek shareholders' approval at its EGM (extraordinary general meeting) slated to be held on December 8, 2017.
India's Axis Bank Ltd is to raise 116.26 billion rupees ($1.8 billion) to further strengthen its capital base by selling shares and warrants to a group of investors including Bain Capital and top Indian insurer Life Insurance Corp (LIC). Axis Bank said in a filing that its board had approved the sale of up to 172.63 million shares at 525 rupees each, and 45.36 million convertible warrants at 565 rupees each on a preferential basis.
India's Axis Bank will hold a board meeting on Friday to consider raising funds through a sale of shares or equity-linked securities, it said on Tuesday. Any fundraising approved by its board would be ...
Axis Bank Ltd, India's third-biggest private sector lender by assets, said on Tuesday second-quarter net profit jumped by about 36 percent, as provisions for bad loans eased from a year earlier. Net profit rose to 4.32 billion rupees ($66.6 million) for the quarter ended Sept. 30.
Mumbai, Sep 1 (IANS) Private sector lender Axis Bank on Friday said that it has exposure to 12 non-performing asset (NPA) or bad loan accounts in the second list of top defaulters that Reserve Bank of India (RBI) has reportedly sent to banks. "The RBI issued directions in their communication dated August 28, advising banks to finalise and implement viable resolution plan in select accounts by December 13, failing which, insolvency proceedings should be initiated in all the accounts mentioned in the communication and accordingly mandated provisions should be made by March 31, 2018," Axis Bank said in a BSE filing.
Axis Bank (AXBK.NS) on Friday said the central bank has identified an additional list of defaulter companies that lenders must now focus on, potentially sending the firms to bankruptcy court should they fail to resolve the troubled loans by Dec. 13. Axis did not disclose which companies were on the list, or how many, but said it had loans to 12 of the names provided to banks by the Reserve Bank of India (RBI) on Monday. Reuters had reported on Wednesday the RBI has asked banks to send at least 20 companies that defaulted on their debts to bankruptcy court if their problems are not resolved by about mid-December, citing a senior banker with direct knowledge of the matter.
Mumbai, July 27 (IANS) The country's third largest private sector lender Axis Bank on Thursday said it has re-appointed Shikha Sharma as its Managing Director and Chief Executive Officer for three years till May 31, 2021. "The Board of Directors at its meeting held on Wednesday approved the re-appointment of Sharma as the MD and CEO of the bank for a period of three years, with effect from June 1, 2018," Axis Bank said in a BSE filing here. The 58-year-old Sharma joined Axis Bank in 2009 as its MD.
Axis Bank Ltd, India's seventh-biggest lender by assets, has re-appointed Shikha Sharma as its chief executive officer and managing director, putting to rest media speculation that she might be leaving ...
Axis Bank Ltd, India's seventh-biggest lender by assets, said on Thursday it had agreed to buy mobile payments wallet provider FreeCharge from e-commerce company Snapdeal for 3.85 billion rupees ($60.04 million). The deal comes as FreeCharge's parent, Snapdeal, moves closer towards a merger with bigger rival Flipkart in what sources have said would be an up-to-$950 million deal. As part of the agreement with Axis Bank about 200 employees of FreeCharge - which was acquired by Snapdeal in 2015 - will move to the bank, the lender's finance chief Jairam Sridharan told a news conference.
Axis Bank reported a smaller-than-expected 16 percent drop in quarterly profit on Tuesday and said it was making progress on containing bad loans. The bank, India's third-biggest non-state lender by assets, retained its provisioning cost guidance of 175 basis points to 225 basis points for the current financial year to March.
Mumbai, July 25 (IANS) Privately owned Axis Bank on Tuesday reported a 16 per cent fall in its net profit for the quarter ended June 30, as compared to the same period of the previous year. In a regulatory ...
Mumbai, April 26 (IANS) Lending major Axis Bank on Wednesday reported a decline of 43.13 per cent in its net profit for the fourth quarter (Q4) of Fiscal 2016-17. The company's net profit decreased to ...