On January 20, 2017 15:58 (IST)
The banking sub-index of NSE fell 1.59 per cent led by Axis Bank, which plunged 7.26 per cent on weak Q3 earnings.
On January 20, 2017 16:04 (IST)
Axis Bank reported a net profit of Rs 580 crore compared to Rs 2,175 crore a year earlier, as its provisions for bad loans surged over 400 per cent annually to Rs 3,796 crore.
On January 20, 2017 13:13 (IST)
BSE Sensex and Nifty were under pressure on Friday dragged down by Axis Bank on disappointing results. Investors also remained cautious ahead of Donald Trump's inauguration as the US president later in the day.
On January 20, 2017 14:48 (IST)
Axis Bank shed as much as 6.4 per cent in its biggest percentage drop in nearly two-and-a-half months after reporting a 73 per cent plunge in its December-quarter profit.
On January 20, 2017 09:54 (IST)
Axis Bank reported 73 per cent decline in its net profit at Rs 580 crore compared to Rs 2,175 crore year ago, as bad loans jumped.
On January 19, 2017 19:42 (IST)
Net profit for the same quarter in the last fiscal stood at Rs 2,175 crore.
On January 19, 2017 17:47 (IST)
Net profit fell to Rs 580 crore ($85 million) for the three months ended December 31, from Rs 2,175 crore a year earlier, missing Rs 779 crore on average expected by analysts.
On January 19, 2017 11:05 (IST)
BPCL was the top gainer in Nifty, up 1.02 per cent followed by Adani Ports, BHEL, ONGC, Tata Motors DVR, which were up between 0.6-1 per cent.
On January 17, 2017 21:57 (IST)
Nomura, Morgan Stanley, SBI, LIC, Axis Bank and Birla MF are some of the anchor investors which placed bids.
On January 14, 2017 15:39 (IST)
The first year Marginal Cost of funds Based Lending Rate (MCLR) stands at 8.25 per cent after the revision.
On January 13, 2017 18:23 (IST)
Axis Bank cut its marginal cost of funds based lending rate (MCLR) for one year tenure-- which serves as the benchmark for a slew of loans including home loans--by 0.65 per cent to 8.25 per cent, it said in a statement.
On December 26, 2016 10:58 (IST)
At day's low, the Sensex fell nearly 300 points while the broader Nifty index broke 7,900 on the downside.
On December 22, 2016 15:47 (IST)
Mallya owes over Rs 9,000 crore to lenders like SBI, PNB, IDBI Bank, BoB, Allahabad Bank, Federal Bank and Axis Bank, among others.
On December 20, 2016 16:18 (IST)
KPMG has been hired to conduct a forensic audit for enhanced due diligence and building more safeguards.
On December 19, 2016 15:27 (IST)
Hit by irregularities by some of its employees, Axis Bank said it has taken "unprecedented step" of temporarily suspending some of the suspicious accounts and has a rigorous compliance procedure.
On December 19, 2016 12:07 (IST)
Ms Sharma thanked customers for their understanding since the demonetisation initiative, and said the bank has tried its "level best" to make it easier for customers.
On December 19, 2016 09:53 (IST)
Analysts say trading is likely to be lacklustre for the rest of this year as foreign fund managers typically go on holidays during year-end.
On December 18, 2016 13:55 (IST)
Assuring that the fundamentals of the bank is on a "solid footing', Shikha Sharma said in a letter to Axis Bank customers that the bank is tracking sudden surge in account activity and have 'proactively identified potentially suspicious accounts".