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Axis Bank Ltd (AXBK.NS)

AXBK.NS on National Stock Exchange of India

702.05INR
10:27am GMT
Change (% chg)

Rs4.85 (+0.70%)
Prev Close
Rs697.20
Open
Rs697.45
Day's High
Rs704.45
Day's Low
Rs691.20
Volume
9,822,278
Avg. Vol
10,497,154
52-wk High
Rs734.50
52-wk Low
Rs481.25

Latest Key Developments (Source: Significant Developments)

India's SUUTI Says Intends To Exercise Oversubscription Option On Axis Bank OFS
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - Specified Undertaking Of Unit Trust Of India::SPECIFIED UNDERTAKING OF UNIT TRUST OF INDIA SAYS INTENDS TO EXERCISE OVER SUBSCRIPTION OPTION ON AXIS BANK OFS TO EXTENT OF 26.3 MILLION SHARES.  Full Article

Axis Bank Exec Says Recovery From NPA Pool Was 16.22 Bln Rupees In Dec Qtr
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Axis Bank Ltd MD & CEO Amitabh Chaudhry, CFO Jairam Sridharan::AXIS BANK LTD EXEC SAYS FOCUS TO IMPROVE DEPOSIT GROWTH “MATERIALLY”.AXIS BANK LTD EXEC SAYS WILL CONTINUE TO FOCUS ON CORE OPERATING PROFITABILITY.AXIS BANK LTD EXEC SAYS FOCUS TO REDUCE CREDIT COST MATERIALLY OF THE BANK.AXIS BANK LTD EXEC SAYS BANK IS IDENTIFYING AREAS OF BALANCESHEET THAT MIGHT TAKE FURTHER STRENGTHENING.AXIS BANK LTD EXEC SAYS "GOAL IS TO DELIVER 18 PERCENT ROE ON A SUSTAINABLE BASIS".AXIS BANK LTD EXEC SAYS INITIAL REVIEW OF CORP ACCOUNTS UNDER STRESS SUGGEST THEY ARE BB TAG ACCOUNTS.AXIS BANK LTD EXEC SAYS GOING AHEAD CO EXPECTS LOAN GROWTH TO PICK UP ABOVE 13 PERCENT.AXIS BANK LTD EXEC SAYS RECOVERY FROM NPA POOL WAS 16.22 BILLION RUPEES IN DECEMBER QUARTER.AXIS BANK EXEC SAYS LARGEST RECOVERY FROM WRITTEN OFF ACCOUNTS FROM STEEL SECTOR IN LAST THREE QTRS.  Full Article

Axis Bank Says Asked By RBI To Classify 2 Accounts As NPA With Outstanding Amount Of 2.25 Bln Rupees
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Axis Bank Ltd ::BANK HAS RECEIVED AN INDICATIVE LIST FROM RBI RELATING TO ASSET QUALITY DIVERGENCE FOR THE FISCAL YEAR ENDING 31ST MARCH 2018..BANK HAS BEEN ASKED BY RBI TO CLASSIFY 2 ACCOUNTS AS NPA, WITH AN OUTSTANDING AMOUNT OF 2.25 BILLION RUPEES.RBI ASKED TO MAKE ADDITIONAL PROVISIONS OF 1 BILLION RUPEES ON 2 ACCOUNTS ALREADY NPA AS OF MARCH'18; PROVISION INCORPORATED IN Q3 FINANCIALS.RECOVERED 9.98 BILLION RUPEES THIS QUARTER LARGELY COMPRISING OF 2 ACCOUNTS FROM PRUDENTIALLY WRITTEN OFF POOL, COMPARED TO 400 MILLION RUPEES IN Q3FY18.  Full Article

Axis Bank Says News Item On Hawala Scam Relates To Ongoing Investigation
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Axis Bank Ltd ::NEWS ITEM ON HAWALA SCAM RELATES TO INVESTIGATION BEING CONDUCTED INTO TRANSACTIONS CARRIED OUT BY CREDIT SOCIETY.BANK HAS NO CREDIT EXPOSURE TO CREDIT SOCIETY.  Full Article

Yatra.com To Manage Axis Bank's Corporate Travel Bookings
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Yatra Online Inc ::YATRA.COM TO MANAGE AXIS BANK'S CORPORATE TRAVEL BOOKINGS.YATRA ONLINE INC - ANNOUNCED ADDITION OF INDIA'S AXIS BANK TO ITS CUSTOMER BASE.  Full Article

Essar Global Repays All Debt To Indian And Foreign Lenders
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Essar Global ::ESSAR GLOBAL REPAYS ALL DEBT TO INDIAN AND FOREIGN LENDERS.ESSAR GLOBAL SAYS 120 BILLION-RUPEE REPAYMENT IS OVER AND ABOVE 300 BILLION RUPEES REPAYMENT MADE TO LENDERS IN 2017.ESSAR GLOBAL - REPAID ABOUT 63 BILLION RUPEES TO ICICI BANK, AXIS BANK AND STANDARD CHARTERED BANK.  Full Article

Axis Bank MD & CEO Shikha Sharma Retires
Monday, 31 Dec 2018 

Dec 31 (Reuters) - Axis Bank Ltd ::SAYS SHIKHA SHARMA, MANAGING DIRECTOR & CEO OF AXIS BANK LIMITED HAS RETIRED FROM SERVICES.  Full Article

Axis Bank To Raise Funds By Issuing Senior Unsecured Redeemable NCDs Worth About 30 Bln Rupees
Friday, 21 Dec 2018 

Dec 21 (Reuters) - Axis Bank Ltd ::PROPOSES TO RAISE FUNDS BY ISSUING SENIOR UNSECURED REDEEMABLE NCDS WORTH ABOUT 30 BILLION RUPEES.ISSUE WITH GREENSHOE OPTION TO RETAIN OVERSUBSCRIPTION OF 20 BILLION RUPEES.  Full Article

Axis Bank Seeks Shareholders' Nod For Appointment Of Amitabh Chaudhry As MD & CEO
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Axis Bank Ltd ::SEEKS SHAREHOLDERS' NOD FOR APPOINTMENT OF AMITABH CHAUDHRY AS MD & CEO OF THE BANK, FOR PERIOD OF 3 YEARS.  Full Article

Axis Bank Responds To Report On IT Dept Probe Of Co's Staff For Allegedly Facilitating Benami Deals
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Axis Bank Ltd ::RESPONDS TO NEWS ITEM SAYING I-T DEPARTMENT PROBING CO'S STAFF FOR ALLEGEDLY FACILITATING BENAMI DEALS.MATTER REPORTED IN THE MEDIA PERTAINS TO COMPLAINT RECEIVED BY BANK IN MARCH 2018.COMPLAINT RECEIVED BY BANK IN MARCH 2018 REFERRED TO INCIDENTS OF AN EARLIER PERIOD.INTERNAL INQUIRY INTO MATTER HAS ALREADY BEEN CONDUCTED BY THE BANK.  Full Article

India plans Axis Bank stake sale to raise up to $748 mln

Feb 11 India's government plans to sell a stake of up to 3 percent in Axis Bank Ltd in an offer that could raise up to 53.16 billion rupees ($747.8 million).