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Axis Bank Limited (AXISBANK.BO)
| Previous close | 676.00 |
| Open | 676.30 |
| Bid | 675.20 x 0 |
| Ask | 675.55 x 0 |
| Day's range | 669.70 - 682.65 |
| 52-week range | 285.00 - 760.60 |
| Volume | 298,799 |
| Avg. volume | 655,239 |
| Market cap | 2.065T |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 110.95 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 666.77 |
- Reuters
Axis Bank cuts stake purchase in Max Life to 17%
Axis Bank <AXBK.NS> said on Monday it has reduced the size of the stake that it plans to buy in Max Life Insurance to 17% from 29%. The private-sector lender's move comes months after media reports said the deal, announced in April, ran into a regulatory roadblock over certain clauses in the agreement. The lender and the insurer did not immediately respond to requests for comment.
- Reuters
Axis Bank posts $183 million loss as provisions nearly triple on COVID-19
Axis Bank Ltd, India's third biggest private-sector lender, on Tuesday posted a surprise fourth-quarter loss of 13.88 billion rupees ($182.96 million), as it set aside more funds to cover a potential rise in bad loans in a coronavirus-hit economy. Mumbai-based Axis Bank booked provisions of 77.30 billion rupees for the quarter, or nearly three times higher than the year-ago period, including 30 billion rupees towards COVID-19. Separately on Tuesday, Axis Bank said it would buy a 29% stake in insurer Max Life Insurance for about 15.90 billion rupees, giving the lender a seat among rival banks who already have a foothold in the country's life insurance industry.
- Reuters
Axis Bank to buy 29% stake in insurer Max Life
Axis Bank Ltd said on Tuesday it would buy a 29% stake in insurer Max Life Insurance, giving India's third largest private-sector lender a seat among rival banks who already have a foothold in the country's life insurance industry. Axis Bank, which already holds a minority stake in Max Life, will buy shares from the insurer's majority owner Max Financial Services Ltd to raise its stake to 30%, the Mumbai-based lender said in a regulatory filing https://www.bseindia.com/xml-data/corpfiling/AttachLive/2c1d5f72-4f39-47a3-8bba-4ba5e0d0310a.pdf. Max Financial will hold a 70% stake in the joint venture partnership.
