On February 09, 2016 20:18 (IST)
Private lender Axis Bank on Tuesday said it has appointed V Srinivasan as deputy managing director of the bank.
On January 25, 2016 16:53 (IST)
Axis Bank today said it has an exposure of eight per cent in eight large debt-ridden corporate groups at the end of December 2015.
On January 21, 2016 12:21 (IST)
Shares of Axis Bank today rose by over 6 per cent after the company saw 15 per cent growth in its December quarter net profit.
On January 21, 2016 16:10 (IST)
Mr Shah is bullish on banking stocks that have fallen sharply over the last few days. "I won't be surprised to see banks take the lead in the second half of the calendar year and turn out to be star performer," he said.
On January 21, 2016 15:42 (IST)
In the Nifty index, Axis Bank was the top gainer, rose 6 per cent. The private lender reported better than estimated net profit for the December quarter. Till Wednesday, Axis Bank shares had corrected 13 per cent in last one month, which has led to a strong rebound in Axis Bank shares, analysts say.
On January 21, 2016 08:46 (IST)
Axis Bank, which reported Q3 earnings post market hours on Wednesday, will be in focus. The private lender's net profit beat estimates at Rs 2,175 crore, but its asset quality deteriorated further.
On January 20, 2016 17:32 (IST)
Axis Bank, India's third-biggest private sector lender by assets, reported a better-than-expected 14.5 per cent increase in third-quarter profit, although its bad loans shot up.
On January 20, 2016 15:57 (IST)
Energy and oil & gas shares lead selloff in the market. Vedanta, Cairn India, Adani Ports were the top three losers in the index falling between 4.2-5.5 per cent. The BSE oil & gas index was down 1.82 per cent and the energy sub-index of NSE fell 2.08 per cent.
On January 19, 2016 13:30 (IST)
Gains in local shares tracked a recovery in Asian shares, which rose after data showing China's economy grew in the fourth quarter of 2015 at its weakest pace in nearly seven years, raising the chances of more stimulus policies.
On January 19, 2016 16:04 (IST)
Axis Bank extends gains, rises nearly 5 per cent to Rs 390 ahead of its third quarter earnings tomorrow. The stock had corrected nearly 8 per cent in last three days on expectation of higher bad loans in Q3.
On January 19, 2016 09:52 (IST)
Sacchitanand Uttekar, technical analyst with Motilal Oswal Securities, says Nifty is likely to fall to 7,300 and may stabilise at around 7,300-7,200 levels and showcase a reversal and investors should focus on entering the market at current levels.
On January 13, 2016 15:56 (IST)
The stock markets came off the intraday high levels on the back of selling in IT bellwether TCS, Axis Bank, Lupin and L&T.
On January 12, 2016 16:50 (IST)
Losses in banking stocks were led by private lender Axis Bank, which had reported asset quality troubles in the previous quarter.
On January 11, 2016 13:06 (IST)
Ruchit Jain, equity technical analyst at Angel Broking, says recent selling with a rise in volumes points to a continuing downtrend ahead. The Nifty is expected to break the September low support of 7,540 this week (January 11-15) and dip towards 7,400-7,450.
On January 07, 2016 19:35 (IST)
The government is considering diluting its 11.7 per cent stake in Axis Bank it holds through the Specified Undertaking of the Unit Trust of India (SUUTI) to meet shortfall in disinvestment proceeds and revenue collection during the current fiscal.
On January 05, 2016 08:42 (IST)
Kunal Bothra, senior technical analyst at LKP, says the recent fall in the Nifty has brought down short-term resistance from 8,100 to 7,950 odd points and could be a "big dent in short-term trading opportunities".
On December 22, 2015 08:48 (IST)
Market expert Shahina Mukadam says the Nifty has strong support at 7,700 and further upside is seen if the index holds above this level. While some volatility is expected going ahead, December is expected to be a better month for the broader markets as compared to last month, she added.
On December 17, 2015 12:37 (IST)
Axis Bank on Wednesday said the incident at an ATM in Rajasthan where more money was released than the amount entered by customers happened due to "erroneous loading of currency notes" by an outsourced agency.
On December 16, 2015 10:29 (IST)
The BSE Bankex has fallen 6 per cent, with many banks like ICICI Bank and Axis Bank hitting their 52-week lows. In comparison, Sensex has slipped 3 per cent.
On November 27, 2015 16:03 (IST)
Over 30,000 employees of IDBI Bank are on a one-day strike to protest against the government's plans to privatise the lender by creating an Axis Bank-like structure for it.