Edition:
India

Axis Bank Ltd (AXBK.NS)

AXBK.NS on National Stock Exchange of India

619.80INR
16 Nov 2018
Change (% chg)

Rs-6.30 (-1.01%)
Prev Close
Rs626.10
Open
Rs626.60
Day's High
Rs636.70
Day's Low
Rs616.55
Volume
12,204,545
Avg. Vol
11,577,913
52-wk High
Rs677.95
52-wk Low
Rs481.25

Latest Key Developments (Source: Significant Developments)

India's Axis Bank Sept Qtr Profit Up About 83 Pct
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Axis Bank Ltd ::SEPT QUARTER PROFIT 7.90 BILLION RUPEES.CONSENSUS FORECAST FOR SEPT QUARTER NET PROFIT WAS 7.41 BILLION RUPEES.SEPT QUARTER INTEREST EARNED 132.81 BILLION RUPEES VERSUS 112.35 BILLION RUPEES LAST YEAR.SEPT QUARTER GROSS NPA 5.96 PERCENT VERSUS 6.52 PERCENT PREVIOUS QUARTER.SEPT QUARTER NET NPA 2.54 PERCENT VERSUS 3.09 PERCENT PREVIOUS QUARTER.SEPT QUARTER PROVISIONS AND CONTINGENCIES 29.27 BILLION RUPEES VERSUS 31.40 BILLION RUPEES LAST YEAR.SEPT QUARTER NIM 3.36 PERCENT.SAYS IN SEPT QUARTER SLIPPAGES DECLINED 69 PERCENT YOY TO 27.77 BILLION RUPEES.AS ON 30 SEPT , PROVISION COVERAGE STOOD AT 73 PERCENT UP FROM 69 PERCENT IN Q1FY19..SEPT QUARTER LAST YEAR PROFIT WAS 4.32 BILLION RUPEES.THE PROFIT ALERT WAS FIRST SOURCED FROM TELEVISION AND LATER CONFIRMED FROM A PRESS RELEASE ON THE BSE.  Full Article

Axis Bank - Amitabh Chaudhry Appointed CEO Of Bank For 3 Years With Effect From January 1 2019
Saturday, 8 Sep 2018 

Sept 8 (Reuters) - Axis Bank Ltd ::AXIS BANK - AMITABH CHAUDHRY APPOINTED CEO OF BANK FOR 3 YEARS WITH EFFECT FROM JANUARY 1 2019.  Full Article

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

TABLE-India Certificates of Deposit deals on F-TRAC-Nov 16

Nov 16 Following are the details of deals in Indian Certificates of Deposit reported on Clearcorp F-TRAC Platform. ISIN DESCRIPTION MATURITY WTG AVG WTG AVG NO OF TRADED LAST TRADED DATE PRICE YLD% TRADES VALUE* PRICE YIELD ============ ============ ======== ======= ======= ====== ===== =============== INE092T16GC0 IDFC BK 19-Nov-18 99.9470 6.4518 1 25 99