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Axis Bank Ltd (AXBK.BO)

AXBK.BO on Bombay Stock Exchange

624.20INR
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Change (% chg)

Rs-2.90 (-0.46%)
Prev Close
Rs627.10
Open
Rs634.90
Day's High
Rs634.90
Day's Low
Rs622.50
Volume
396,259
Avg. Vol
468,673
52-wk High
Rs634.90
52-wk Low
Rs447.80

Latest Key Developments (Source: Significant Developments)

Axis Bank Exec Says New NPA Formation Has Moderated Significantly
Monday, 30 Jul 2018 

July 30 (Reuters) - Axis Bank Ltd CEO Shikha Sharma and CFO Jairam Sridharan::EXEC SAYS SHRINKAGE IN DOMESTIC LIQUIDITY HAS LED TO INCREASE IN COST OF FUNDS.EXEC SAYS VOLUME OF STRESS COMING DOWN.EXEC SAYS NEW NPA FORMATION HAS MODERATED SIGNIFICANTLY.EXEC SAYS HAVEN'T HEARD OF A NEW ASSET QUALITY REVIEW BY THE CENTRAL BANK.  Full Article

India's Axis Bank June-Qtr Net Profit Falls 46 Pct
Monday, 30 Jul 2018 

July 30 (Reuters) - Axis Bank Ltd ::JUNE QUARTER NET PROFIT 7.01 BILLION RUPEES VERSUS PROFIT OF 13.06 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER NET PROFIT WAS 5.56 BILLION RUPEES.JUNE QUARTER INTEREST EARNED 127.77 BILLION RUPEES VERSUS 110.52 BILLION RUPEES LAST YEAR.JUNE QUARTER PROVISIONS AND CONTINGENCIES 33.38 BILLION RUPEES VERSUS 23.42 BILLION RUPEES LAST YEAR.JUNE QUARTER GROSS NPA 6.52 PERCENT VERSUS 6.77 PERCENT PREVIOUS QUARTER.JUNE QUARTER NET NPA 3.09 PERCENT VERSUS 3.40 PERCENT PREVIOUS QUARTER.JUNE QUARTER NIM 3.46 PERCENT.SAYS Q1 SLIPPAGES DECLINED 74 PERCENT QOQ TO 43.37 BILLION RUPEES.SAYS IN Q1 HAS INCREASED PROVISION COVERAGE RATIO TO 69 PERCENT FROM 65 PERCENT IN Q4.  Full Article

Bank Of Baroda MD, CEO Jayakumar Says "Committed To Bank Of Baroda"
Thursday, 12 Jul 2018 

July 12 (Reuters) - Bank of Baroda Ltd ::MD,CEO P.S. JAYAKUMAR SAYS "COMMITTED TO BANK OF BARODA".JAYAKUMAR HAS "NEITHER CONSIDERED, APPLIED, APPROACHED, NOR MET ANYONE IN CONNECTION WITH ROLE FOR MD & CEO OF AXIS BANK.".  Full Article

Kirloskar Electric Says Debt Of Unit Owed To Axis Bank Assigned To Asset Reconstruction Co
Monday, 2 Jul 2018 

July 2 (Reuters) - Kirloskar Electric Company Ltd ::DEBT OF UNIT KELBUZZ TRADING OWED TO AXIS BANK ASSIGNED TO ASSET RECONSTRUCTION COMPANY (INDIA).  Full Article

Axis Bank Gets Shareholders' Nod For Re-Appointment Of Shikha Sharma As MD & CEO
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Axis Bank Ltd ::GETS SHAREHOLDERS' NOD FOR RE-APPOINTMENT OF SHIKHA SHARMA AS MD & CEO FROM JUNE 1 TO DEC 31, 2018.  Full Article

Axis Bank To Borrow/Raise Funds By Issue Of Debt Instruments Up To 350 Bln Rupees
Friday, 27 Apr 2018 

April 27 (Reuters) - Axis Bank Ltd ::SAYS AUTHORIZED BANK TO BORROW/RAISE FUNDS BY ISSUE OF DEBT INSTRUMENTS UPTO AMOUNT OF 350 BILLION RUPEES.  Full Article

Axis Bank Says New Guidelines For Resolution Of Stressed Assets Drove Recognition In Restructured Book
Thursday, 26 Apr 2018 

April 26 (Reuters) - Axis Bank Ltd ::SAYS "NPA RECOGNITION PHASE OF THIS CYCLE IS NEARLY COMPLETE".SAYS "NEW GUIDELINES FOR RESOLUTION OF STRESSED ASSETS DROVE RECOGNITION IN RESTRUCTURED BOOK".AXIS BANK - WITH SMALLER POOL OF POTENTIAL STRESS & HIGH PROVISION COVERAGE TO START 2019, CONTINUES TO EXPECT CREDIT COST NORMALIZATION IN H2 2019.AXIS BANK -AS ON MARCH 31, 2018 BANK’S PROVISION COVERAGE, AS A PROPORTION OF GROSS NPAS INCLUDING PRUDENTIAL WRITE-OFFS, STOOD AT 65 PERCENT.  Full Article

Axis Bank Commences Succession Process To Appoint New MD & CEO
Friday, 20 Apr 2018 

April 20 (Reuters) - Axis Bank Ltd ::SAYS COMMENCED SUCCESSION PROCESS TO APPOINT A NEW MANAGING DIRECTOR & CEO.AXIS BANK - APPOINTED EGON ZEHNDER, A GLOBAL LEADERSHIP ADVISORY FIRM, TO CONDUCT SUCCESSION PROCESS AND EVALUATE CANDIDATES FOR THE MD, CEO POSTS.AXIS BANK - BOARD WILL ENSURE THAT THE PROCESS WILL BE COMPLETED BEFORE END OF CURRENT MD, CEO SHIKHA SHARMA'S TENURE.  Full Article

India's Axis Bank Dec Qtr Profit Up 25 Pct
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Axis Bank Ltd ::DEC QUARTER NET PROFIT 7.26 BILLION RUPEES VERSUS NET PROFIT OF 5.80 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR DEC QUARTER NET PROFIT WAS 7.98 BILLION RUPEES.DEC QUARTER INTEREST EARNED 117.22 BILLION RUPEES VERSUS 111.01 BILLION RUPEES LAST YEAR.DEC QUARTER PROVISIONS 28.11 BILLION RUPEES VERSUS 37.96 BILLION RUPEES LAST YEAR.DEC QUARTER GROSS NPA 5.28 PERCENT VERSUS 5.90 PERCENT PREVIOUS QUARTER.DEC QUARTER NET NPA 2.56 PERCENT VERSUS 3.12 PERCENT PREVIOUS QUARTER.DEC QUARTER NIM 3.38 PERCENT.SAYS DURING Q3, BANK RECOVERED SUBSTANTIAL AMOUNT IN CASH FROM IT/ITES ACCOUNT AND UPGRADED ONE ACCOUNT IN STEEL SECTOR.SAYS CONTINUE TO RETAIN CREDIT COST GUIDANCE FOR FISCAL 2018 IN RANGE OF 220-260 BASIS POINTS.SAYS PCR EXPECTED TO BE MAINTAINED IN 60 PERCENT TO 65 PERCENT RANGE IN FISCAL 2018.SLIPPAGES HAVE MODERATED FROM THE HIGH LEVELS IN Q2.SAYS DURING QUARTER, CORPORATE SLIPPAGES STOOD AT 29.80 BILLION RUPEES AND 93 PERCENT OF IT CAME FROM LOW RATED BB & BELOW ACCOUNTS.AS ON DEC 31, PROVISION COVERAGE RATIO OF INSOLVENCY BANKRUPTCY ACCOUNTS INCREASED TO 68 PERCENT.  Full Article

Axis Bank Says News Item On Co ‍Seeking Bids For Controlling Stake In GMR Chhattisgarh​ is Factually Incorrect
Friday, 29 Dec 2017 

Dec 29 (Reuters) - Axis Bank Ltd ::AXIS BANK CLARIFIES ON NEWS ITEM ON CO ‍SEEKING BIDS FOR CONTROLLING STAKE IN GMR CHHATTISGARH​.SAYS NEWS ITEM IS FACTUALLY INCORRECT.  Full Article

Indian shares snap two days of losses on financials, IT; Turkey woes cap gains

Aug 14 Indian shares rose on Tuesday, in line with broader Asian peers, helped by financial and technology stocks as trade anxiety stemming from a plunge in the Turkish lira showed signs of easing.