Axis Bank Ltd (AXBK.NS)
3 Jul 2015
** Bank reports on Wednesday 18 pct rise in January-March earnings and said expects growth in bad loans to slow this financial year
MUMBAI - India's Axis Bank expects growth in its bad loans to slow in this financial year, it said on Wednesday as it reported quarterly profit up by a fifth.
* Bad loans stable against previous quarter (Recasts, adds detail, CFO comment)
* Exec says has loan restructuring pipeline of about 5 billion rupees
MUMBAI, April 29 - Axis Bank Ltd, India's third-biggest private sector lender by assets, reported on Wednesday a better-than-expected 18.4 percent increase in quarterly net profit, ahead of analysts' estimates.
MUMBAI, April 24 - State Bank of India's plan to raise up to 150 billion rupees ($2.4 billion) via a share sale will now likely take place in June instead of April due to a fall in the lender's stock price, three sources directly involved in the process told Reuters.
* Executive says talking to potential partners including Suvidhaa for payments bank stake. Further company coverage: (Reporting by Devidutta Tripathy)
STOCKHOLM - Hedge fund Elliott Management disclosed a 7.5 percent stake in Swedish surveillance camera maker Axis AB , potentially raising pressure on Japan's Canon Inc to raise its bid for the firm.
(The following statement was released by the rating agency) MUMBAI/SINGAPORE, March 09 (Fitch) Fitch Ratings has assigned India-based Axis Bank Ltd.'s (Axis Bank; BBB-/Stable) USD250m senior unsecured notes due May 2020 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 3 March 2015. The notes will constitute dire
MUMBAI, March 4 - State Bank of India (SBI) , the country's biggest lender by assets, plans to raise between 110 billion rupees and 150 billion rupees ($1.8-$2.4 billion) via share sale by next month end, two sources directly involved in the process told Reuters.