Axis Bank Ltd (AXBK.NS)
** Shares of Axis Bank, India's third-biggest private sector lender, fall as much as 3.6 pct to 518.50 rupees, their lowest since June 29
MUMBAI Axis Bank Ltd on Friday reported a surge in bad loans in its first quarter that pushed net profit down by a fifth but the bank said the growth in problem loans was in line with its expectations.
MUMBAI, July 22 India's Axis Bank Ltd on Friday reported a surge in bad loans in its first quarter that pushed net profit down by a fifth but the bank said the growth in problem loans was in line with its expectations.
** Shares of India's third-biggest private sector lender, Axis Bank, rise as much as 1.70 pct to their highest since Aug 11, 2015
July 5 The Indian cabinet approved a proposal to rasie foreign investment in Axis Bank Ltd to 74 percent from 62 percent, Minister of Communications and Information technology, Ravi Shankar Prasad, said on Tuesday.
** Shares of India's third biggest private sector lender by assets rise as much as 2.8 pct to their highest since Oct 26, 2015
(The following statement was released by the rating agency) MUMBAI/SINGAPORE, May 24 (Fitch) Fitch Ratings has assigned India-based Axis Bank Ltd's (BBB-/Stable) USD500m senior unsecured notes due June 2021 a final rating of 'BBB-'. This follows the completion of the securities issue, as well as the receipt of final documents conforming to information previously received. The final rating is the same as the expected rating assigned on 22 May 2016. The notes will constitute direct, unconditio
(The following statement was released by the rating agency) MUMBAI/SINGAPORE, May 22 (Fitch) Fitch Ratings has assigned India-based Axis Bank Ltd.'s (BBB-/ Stable) proposed USD500m senior unsecured debt an expected rating of 'BBB-(EXP)'. The notes, which would be the first "Green Bond" (proceeds used only to fund environmentally friendly projects) issuance from the bank, and will constitute direct, unconditional, unsubordinated and unsecured obligations of the issuer. The notes will at all
** Axis Bank Ltd down as much as 4.6 pct to its lowest since April 20; posts biggest intraday pct fall since Feb. 11
MUMBAI Axis Bank Ltd, India's third-biggest private sector lender by assets, said it expected bad loans to rise in the current financial year and credit costs to be sharply higher, after reporting a fall in fourth-quarter profit.