On October 07, 2015 09:20 (IST)
Axis Bank, the country's third largest private lender, on Tuesday introduced a new slab for its home loan borrowers with offers starting at 9.60 per cent.
On October 02, 2015 18:35 (IST)
The government indirectly controls 29.19 per cent in Axis Bank through the administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), the Life Insurance Corporation and four other public sector general insurance companies.
On October 05, 2015 08:15 (IST)
Avinash Gorakshakar of Precision Investment Services spoke to NDTV and said that the kind of levels the Nifty has seen in the past few sessions, 8,050-8,060 would be a very crucial level.
On October 01, 2015 20:37 (IST)
A slew of banks, including State Bank of India, Axis Bank, Kotak Mahindra Bank, Andhra Bank and Bank of India, among others, have cut their minimum lending rates or base rate offerings in the past two days.
On September 30, 2015 22:55 (IST)
Axis Bank said the Board of Directors allotted these non-convertible subordinated debentures on private placement.
On October 01, 2015 08:49 (IST)
Jay Thakkar, senior technical analyst at Sharekhan, expects the Nifty to rally till 8,100 as a medium-term bottom is in place at 7,540. The Nifty can head towards 8,225 once 8,100 is taken out, he added.
On September 30, 2015 16:57 (IST)
Axis Bank, country's third largest private sector lender, on Wednesday followed others in the system by cutting its base rate or the minimum rate of lending by 0.35 per cent to 9.50 per cent.
On September 23, 2015 10:34 (IST)
The Nifty could revisit the lows posted earlier this month or could fall even further, said Jai Bala of 1857 Advisors FZC.
On September 23, 2015 10:41 (IST)
Sanjiv Bhasin, executive vice president, markets & corporate affairs at IIFL spoke to NDTV and said the weakness in markets will not extend beyond next week and it is an opportunity to buy if one has conviction and has been waiting to get into the market.
On September 11, 2015 22:34 (IST)
Stating that their cost of funds does not allow them to trim lending rates now, Axis Bank Managing Director and Chief Executive Shikha Sharma said, "I think over the next couple of months there will be (a base rate revsion)... we review our base rate and cost of funds at every Alco (asset liability committee) meeting."
On September 09, 2015 08:46 (IST)
Open interest in Nifty September futures increased by 3.7 lakh, while the premium expanded to 31.15 points from 15.7 points earlier, suggesting addition of fresh long position.
On September 03, 2015 09:32 (IST)
Vaibhav Agarwal of Angel Broking says the selloff in banking stocks has been driven by external factors. The fact that a lot of private banks are highly "over-owned" by foreign investors has influenced the selloff, he added.
On September 02, 2015 10:33 (IST)
Sanjiv Bhasin, executive vice president, markets & corporate affairs at IIFL expects 7,600-7,700 to act as a support for the Nifty in the near term. At these levels, it's an opportune time to start collecting stocks, and in in the latter half of September they could yield much better returns, he added. The high volatility in stock markets is very h...
On September 01, 2015 14:16 (IST)
Foreign investors pulled out a record $2.55 billion from Indian markets in August, the highest ever monthly outflow at least since 2002 as per regulatory data.
On August 31, 2015 19:47 (IST)
For deposits of over one year but under two years, they have been cut by up to 0.20 per cent, the official said, while the longer tenor ones of over two years but under 10 years have been cut by up to 0.30 per cent.
On August 20, 2015 18:40 (IST)
The rupee will play a major role in deciding the fate of markets, Mr Manghnani said, adding 66.30 per dollar is a major support for rupee.
On August 19, 2015 10:43 (IST)
Global brokerage Nomura expects falling commodity prices to provide a tailwind to earnings in forthcoming quarters. The drop in food price inflation in July despite a below-normal monsoon suggests that the market might well begin to assign a higher probability to lower rates prospectively, it added.
On August 18, 2015 18:08 (IST)
The spike at private sector lenders like ICICI Bank and Axis Bank follows a push to grab market share from India's dominant state banks. They account for some 70 per cent of all outstanding loans but have pulled back on new credit for much of the past year, to keep a lid on bad debt.
On August 19, 2015 09:37 (IST)
Ruchit Jain of Angel Broking says investors should not be too worried about Indian markets because of the selloff in Chinese markets. The Nifty has been trading between 8,300 and 8,650 over the last few weeks, but the market breadth has been positive over the last few days, he added. Traders should turn bearish only if Nifty slips below 8,300, said...
On August 04, 2015 11:21 (IST)
Banks, auto and realty stocks would have been the prime beneficiaries if RBI would have cut the lending rates today.