Edition:
India

Axis Bank Ltd (AXBK.NS)

AXBK.NS on National Stock Exchange of India

710.30INR
17 Oct 2019
Change (% chg)

Rs16.90 (+2.44%)
Prev Close
Rs693.40
Open
Rs690.50
Day's High
Rs712.40
Day's Low
Rs690.50
Volume
10,617,761
Avg. Vol
11,438,485
52-wk High
Rs827.75
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Rs534.55

Latest Key Developments (Source: Significant Developments)

India's Axis Bank June-Qtr Net Profit Rises
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Axis Bank Ltd ::JUNE QUARTER NET PROFIT 13.70 BILLION RUPEES VERSUS PROFIT OF 7.01 BILLION RUPEES LAST YEAR.JUNE QUARTER GROSS NPA 5.25% VERSUS 5.26% PREVIOUS QUARTER.CONSENSUS FORECAST FOR JUNE QUARTER NET PROFIT WAS 19.17 BILLION RUPEES.JUNE QUARTER INTEREST EARNED 152.55 BILLION RUPEES VERSUS 127.77 BILLION RUPEES LAST YEAR.JUNE QUARTER NET NPA 2.04% VERSUS 2.06% PREVIOUS QUARTER.JUNE QUARTER PROVISIONS AND CONTINGENCIES 38.15 BILLION RUPEES VERSUS 33.38 BILLION RUPEES LAST YEAR.JUNE QUARTER NIM 3.4%.PROVISION COVERAGE RATIO AT QUARTER END IMPROVED SEQUENTIALLY TO 78% FROM 77%.GROSS SLIPPAGES FOR QUARTER STOOD AT 47.98 BILLION RUPEES.DOWNGRADED 22.42 BILLION RUPEES INTO 'BB' DURING QUARTER, LARGELY FROM GROUPS THAT HAVE SHOWN NEW SIGNS OF STRESS IN RECENT MONTHS.RECOVERIES AND UPGRADES FROM NPAS DURING QUARTER WERE 21.77 BILLION RUPEES, WRITE-OFFS WERE 30.05 BILLION RUPEES.  Full Article

Axis Bank CEO Says Plans To Raise Capital, To Give Timeline at Board Meet
Thursday, 11 Jul 2019 

July 11 (Reuters) - Axis Bank Ltd ::AXIS BANK CEO SAYS WILL CONTINUE TO BUY SHADOW BANKING LOAN POOLS WHENEVER THE OPPORTUNITY ARISES.AXIS BANK CEO SAYS SAYS HAVE PLAN TO RAISE CAPITAL; WILL GIVE TIMELINE AFTER BOARD MEETING ON JULY 20.AXIS BANK CEO SAYS SAYS WILL WAIT FOR TOP COURT VERDICT ON ESSAR STEEL BANKRUPTCY CASE.AXIS BANK SAYS PLANS TO SELL 1 MILLION FLIPKART CO-BRANDED CREDIT CARDS IN A YEAR.  Full Article

Flipkart, Axis Bank Launch Co-Branded Credit Card
Thursday, 11 Jul 2019 

July 11 (Reuters) - Flipkart::CEO SAYS PARTNERS WITH AXIS BANK, MASTERCARD TO GIVE INDIAN CONSUMERS ACCESS TO CREDIT.CO, AXIS BANK LAUNCH CO-BRANDED CREDIT CARD.  Full Article

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

TABLE-India Certificates of Deposit deals on F-TRAC-Oct 17

Oct 17 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 ============ ============ ======== ======= ======= ====== ===== =============== INE141A16ZL6 OBC 31-Oct-19 99.8086 4.9996 1 12.5 99.