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Axis Bank Ltd (AXBK.NS)

AXBK.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Axis Bank Approves Fund Raising By Issue Of Debt Instruments For Up To 350 Bln Rupees
Friday, 26 Apr 2019 

April 26 (Reuters) - Axis Bank Ltd ::APPROVED TO RAISE FUNDS BY ISSUE OF DEBT INSTRUMENTS FOR UP TO 350 BILLION RUPEES.  Full Article

India's Axis Bank Posts March-Qtr Net Profit Of 15.05 Bln Rupees
Thursday, 25 Apr 2019 

April 25 (Reuters) - Axis Bank Ltd ::MARCH QUARTER NET PROFIT 15.05 BILLION RUPEES VERSUS NET LOSS OF 21.89 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR MARCH QUARTER NET PROFIT WAS 18.53 BILLION RUPEES.MARCH QUARTER INTEREST EARNED 147.98 BILLION RUPEES VERSUS 117.71 BILLION RUPEES LAST YEAR.MARCH QUARTER PROVISIONS AND CONTINGENCIES 27.11 BILLION RUPEES VERSUS 71.80 BILLION RUPEES LAST YEAR.RECOMMENDED DIVIDEND OF 1 RUPEES PER SHARE.MARCH QUARTER GROSS NPA 5.26 PERCENT VERSUS 5.75 PERCENT PREVIOUS QUARTER.MARCH QUARTER NET NPA 2.06 PERCENT VERSUS 2.36 PERCENT PREVIOUS QUARTER.SAYS IN QUARTER PROVISION COVERAGE RATIO OF THE BANK HAS SEQUENTIALLY IMPROVED TO 77% FROM 75%.SAYS DURING QUARTER, BANK MADE HIGHER LEVELS OF STANDARD ASSET PROVISIONING AGAINST CERTAIN SELF-IDENTIFIED ‘STRESSED SECTORS’.SAYS DURING QUARTER, BANK MADE PROVISIONS AGAINST THE POOL OF SECURITY RECEIPTS AND ITS HOLDING OF NON-BANKING ASSETS.DURING QUARTER, MADE MULTIPLE CHANGES TO INCREASE CONSERVATISM IN PROVISIONING.THROUGH THE MEASURES TO INCREASE CONSERVATISM IN PROVISIONING, MADE ADDITIONAL PROVISIONS OF 13 BILLION RUPEES OVER NORMAL NPA PROVISIONING.  Full Article

India's SUUTI To Sell Stake in Axis Bank
Monday, 11 Feb 2019 

Feb 11 (Reuters) - SPECIFIED UNDERTAKING OF UNIT TRUST OF INDIA::TO SELL UPTO 50.8MLN SHARES IN AXIS BANK WITH OPTION TO FURTHER SELL 26.3 MILLION SHARES.FLOOR PRICE FOR OFFER SHALL BE 689.52 RUPEES PER AXIS SHARE .  Full Article

Kia Motors Ties Up With India's Axis Bank
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Axis Bank Ltd ::KIA MOTORS TIES UP WITH AXIS BANK TO OFFER BANKING & FINANCING SOLUTIONS TO ITS CUSTOMERS.  Full Article

Axis Bank Dec-Qtr Net Profit Surges 131.4 Pct
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Axis Bank Ltd ::AXIS BANK LTD DEC QUARTER PAT 16.80 BILLION RUPEES .CONSENSUS FORECAST FOR DEC QUARTER NET PROFIT WAS 11.97 BILLION RUPEES.DEC QUARTER NET PROFIT 16.81 BILLION RUPEES VERSUS NET PROFIT OF 7.26 BILLION RUPEES LAST YEAR.DEC QUARTER INTEREST EARNED 141.30 BILLION RUPEES VERSUS 117.22 BILLION RUPEES LAST YEAR.DEC QUARTER PROVISIONS AND CONTINGENCIES 30.55 BILLION RUPEES VERSUS 28.11 BILLION RUPEES LAST YEAR.DEC QUARTER NET NPA 2.36 PERCENT VERSUS 2.54 PERCENT PREVIOUS QUARTER.DEC QUARTER GROSS NPA 5.75 PERCENT VERSUS 5.96 PERCENT PREVIOUS QUARTER.SAYS NIM FOR Q3FY19 WAS 3.47 PERCENT, UP FROM 3.36 PERCENT IN Q2.SAYS GROSS SLIPPAGES FOR THE QUARTER STOOD AT 37.46 BILLION RUPEES.SAYS MTM PROVISIONS ON INVESTMENTS WORTH 3.22 BILLION RUPEES WRITTEN BACK DURING THE QUARTER.DURING QUARTER, "ALSO MADE A CONTINGENT PROVISION OF 6 BILLION RUPEES TOWARDS ANY POTENTIAL SLIPPAGES FROM THE BB & BELOW POOL OF CORPORATE LOANS".The profit after tax alert was first sourced from TV and was later confirmed from a press release at the National Stock Exchange.  Full Article

Axis Bank Says V Srinivasan Retires From Post Of Deputy MD
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Axis Bank Ltd ::SAYS V SRINIVASAN RETIRES FROM POST OF DEPUTY MD.  Full Article

Axis Bank Appoints Amitabh Chaudhry As MD-Designate Of Bank
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Axis Bank Ltd ::SAYS APPOINTMENT OF AMITABH CHAUDHRY AS MANAGING DIRECTOR-DESIGNATE OF BANK.ACCEPTED DECISION OF Y. SRINIVASAN NOT TO BE CONSIDERED FOR RE-APPOINTMENT AS THE DEPUTY MANAGING DIRECTOR OF THE BANK.APPROVED APPOINTMENT OF GIRISH PARANJPE AS AN ADDITIONAL INDEPENDENT DIRECTOR OF THE BANK.  Full Article

Axis Bank Exec Says Co Looking At FY19 Loan Growth To Be In Mid To High Teens
Monday, 30 Jul 2018 

July 30 (Reuters) - Axis Bank Ltd Exec::LOOKING AT FY19 LOAN GROWTH TO BE IN MID TO HIGH TEENS.  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

India's Axis Bank Posts March Qtr Loss
Thursday, 26 Apr 2018 

April 26 (Reuters) - Axis Bank Ltd ::MARCH QUARTER NET LOSS 21.89 BILLION RUPEES VERSUS NET PROFIT OF 12.25 BILLION RUPEES LAST YEAR.MARCH QUARTER INTEREST EARNED 117.71 BILLION RUPEES VERSUS 111.68 BILLION RUPEES LAST YEAR.SAYS NO DIVIDEND HAS BEEN RECOMMENDED BY BOARD FOR YEAR ENDED MARCH 31.MARCH QUARTER PROVISIONS 71.80 BILLION RUPEES VERSUS 25.81 BILLION RUPEES LAST YEAR.MARCH QUARTER GROSS NPA 6.77 PERCENT VERSUS 5.28 PERCENT PREVIOUS QUARTER.SAYS SLIPPAGES FOR Q4FY18 STOOD AT 165.36 BILLION RUPEES.MARCH QUARTER NET NPA 3.40 PERCENT VERSUS 2.56 PERCENT PREVIOUS QUARTER.MARCH QUARTER NIM 3.33 PERCENT.CONSENSUS FORECAST FOR MARCH QUARTER NET PROFIT WAS 5.14 BILLION RUPEES.SAYS Q4 WATCH LIST DECLINED 92 PERCENT OVER PREVIOUS QUARTER AND STOOD AT 4.28 BILLION RUPEES.  Full Article