On May 24, 2016 22:35 (IST)
Axis Bank on Tuesday said it has incorporated a subsidiary - A.Treds Ltd - to operate a Trade Receivables Discounting System (TReDS), which will help in improving flow of funds to SMEs.
On May 23, 2016 22:24 (IST)
Axis Bank, the country's third largest private sector lender, has hit the international debt markets with its maiden green bond issue to raise $500 million, market sources said on Monday.
On May 19, 2016 09:00 (IST)
The Cabinet Committee on Economic Affairs will take a final call on Axis Bank's Rs 12,973-crore foreign investment proposal, the Finance Ministry said on Wednesday.
On May 13, 2016 08:59 (IST)
Nifty is heading towards its crucial resistance zone of 8,000, which has not been broken since last few months, says Ruchit Jain, equity technical analyst with Angel Broking.
On May 12, 2016 20:18 (IST)
India's bad-loans problem looks much worse than lenders have been willing to acknowledge, heaping pressure on banks' profits and further tightening the screws on distressed debt that could be bigger than New Zealand's $170 billion economy.
On May 12, 2016 08:18 (IST)
Pradip Hotchandani, head-research at Prudent Broking Services, said short term trend of Nifty continues to be positive till it holds 7,760 level on the down side.
On May 11, 2016 07:44 (IST)
Fresh longs in Nifty should be initiated above 7,980, while on the downside, the Nifty has support at 7,820, says Sumeet Bagadia, associate director with Choice Broking.
On May 05, 2016 09:40 (IST)
Nifty is likely to remain in a narrow zone to remain in a trading zone of 7500 and 7800 till there is clarity on how monsoon pans out, says Sachin Shah, fund manager at Emkay Investment Managers.
On May 04, 2016 10:32 (IST)
R Sreesankar, head of institutional equities of Prabhudas Lilladher, believes Nifty is likely to remain in a range of 7,200 to 7,800 with bouts of volatility.
On May 03, 2016 08:19 (IST)
Aditya Agarwal, head technical research at Way2wealth
On May 02, 2016 17:59 (IST)
ICICI Bank's disclosure that loans worth Rs 44,000 crore or 4.8 per cent of its total assets are in the stressed sector triggered a sharp selloff in its shares on Monday. ICICI Bank's warning on bad loans comes days after Axis Bank put corporate loans worth about Rs 22,600 crore under a "watch list".
On April 28, 2016 09:46 (IST)
Nifty is facing a psychological resistance around 8,000 levels and in next one or two days Nifty is likely to touch levels of 8,000-8,100 and till the time 7,900 is not broken on the downside then dips should be used as buying opportunity with stop loss at 7,900 for target of 8,050-8,100 levels, says Sumeet Bagadia, associate director with Choice B...
On April 27, 2016 19:06 (IST)
Axis Bank shares came under selloff pressure on Wednesday, following the private lender's warning about higher bad loans in FY17. Shares of other big lenders - ICICI Bank and State Bank of India - were also hit as asset quality fears returned back to haunt investors.
On April 27, 2016 14:09 (IST)
India's stock markets swung between gains and losses on Wednesday as investors stayed cautious ahead of U.S. and Japanese central bank policy decisions, while private sector lender Axis Bank fell on expectations of more bad loans in the current financial year.
On April 27, 2016 15:47 (IST)
The BSE Sensex opened sharply lower on Wednesday, but staged a smart recovery soon after. The broader Nifty, which slipped below 7,950 in opening deals, traded flat at 7,964 as of 09.20 a.m.
On April 27, 2016 11:41 (IST)
Axis Bank, the third-largest private lender, yesterday negatively surprised markets with a 1 per cent drop in March quarter profit at Rs 2,154 crore on higher provisions and set aside money in a buffer expecting deterioration in asset quality in future.
On April 26, 2016 22:14 (IST)
Axis Bank Ltd, India's third-biggest private sector lender by assets, said it expected bad loans to rise in the current financial year and credit costs to be sharply higher, after reporting a fall in fourth quarter profit.
On April 26, 2016 17:03 (IST)
The BSE Sensex and the broader Nifty are likely to trend lower for third straight day, tracking weakness in global stock markets on Tuesday. The Nifty futures trading on the Singapore Stock Exchange traded 0.4 per cent lower at 7,844.50, indicating lower start for domestic markets.
On April 22, 2016 20:37 (IST)
Amid reports of stake sale, state-owned IDBI Bank on Friday said there is no formal proposal from L&T Finance Holdings for merger with the bank.
On April 21, 2016 21:01 (IST)
Stressing that fast clearances and automatic process are key to recent surge in FDI inflows, Economic Affairs Secretary Shaktikanta Das on Thursday said all FDI applications received up to March 15 are listed in agenda for the next meeting of Foreign Investment Promotion Board (FIPB).