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Axis Bank

Rate cut not helping drive growth, focus should be on liquidity measures: Axis Bank economist

Rate cut not helping drive growth, focus should be on liquidity measures: Axis Bank economist

Tue, Feb 18, 2025

The Reserve Bank should focus on making liquidity easier rather than cutting rates if the intent is to drive growth, Axis Bank's chief economist Neelkanth Mishra said.

Axis Bank Q3 Results Review: Earnings miss estimates; brokerages slash targets

Axis Bank Q3 Results Review: Earnings miss estimates; brokerages slash targets

Fri, Jan 17, 2025

Axis Bank Q3FY25 results miss estimates as net profit rises three-point eight three percent YoY. Slower credit, deposit growth, and rising slippages prompt brokerages to cut target prices.

Axis Bank Q3 Results: Net profit rises by 4% to Rs 6,304 crore

Axis Bank Q3 Results: Net profit rises by 4% to Rs 6,304 crore

Thu, Jan 16, 2025

Axis Bank Q3 Results: Private sector lender Axis Bank on Thursday reported a 4 per cent rise in standalone net profit to Rs 6,304 crore for the third quarter ended on December 31, 2024. The bank had earned a net profit of Rs 6,071 crore in the October-December quarter of the previous year.

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State Bank of India Q4 preview: Moderation in loan growth, stable NIM and asset quality?

State Bank of India Q4 preview: Moderation in loan growth, stable NIM and asset quality?

Fri, May 19, 2017

Nilesh Parikh, Kunal Shah and Prakhar Agarwal analysts at Edelweiss Financial Services said, "Loan growth to be softer, but NII to be supported by lower funding cost. Incremental stress will likely be curtailed, keeping credit cost within initial guidance."

Indian equities bullish on IMD forecast, indices scale record highs

Indian equities bullish on IMD forecast, indices scale record highs

Sat, May 13, 2017

The key Indian equity indices zoomed to new closing and 52-week highs, crossing their psychologically significant levels, riding on news reports which quoted a top India Meteorological Department (IMD) official predicting a higher rainfall than previously forecast as the El Nino weather condition had eased.

Q4 result analysis: HDFC Bank vs Axis Bank vs ICICI Bank

Q4 result analysis: HDFC Bank vs Axis Bank vs ICICI Bank

Thu, May 04, 2017

Axis Bank and ICICI Bank registered GNPA of 5.04% and 7.89% respectively in Q4FY17 as against 6.10% and 8.60% respectively predicted by the experts.

Samsung Pay now available on UPI; collaborates with Axis Bank

Samsung Pay now available on UPI; collaborates with Axis Bank

Thu, Apr 27, 2017

With the launch of UPI on Samsung Pay, users can create their unique virtual addresses @pingpay enabling them to make seamless bank to bank transfers.

Axis Bank's Q4 net profit jumps by 111% to Rs 1225 crore

Axis Bank's Q4 net profit jumps by 111% to Rs 1225 crore

Wed, Apr 26, 2017

For the full financial year, the bank registered a net profit of Rs 3679 crore, a decline of 55% on y-o-y basis.

Here's what analysts expect Axis Bank's Q4 result will look like

Here's what analysts expect Axis Bank's Q4 result will look like

Wed, Apr 26, 2017

In the last quarter the bank's Gross Non Performing Assets (GNPAs) climbed to Rs 20,467 crore as against Rs 16,379 crore at the end of September 30, 2016.

Axis Bank clarifies on CBI's searches in Ahmedabad branch

Axis Bank clarifies on CBI's searches in Ahmedabad branch

Tue, Apr 11, 2017

Axis Bank on Tuesday clarified that the bank has "zero tolerance" towards any devious procedures and is fully co-operating with the Central Bureau of Investigation (CBI) during investigations at Ahmedabad Axis Bank branch.

Axis Bank officials come under CBI scanner for allowing deposit of Rs 100 crore during demonetisation period

Axis Bank officials come under CBI scanner for allowing deposit of Rs 100 crore during demonetisation period

Fri, Apr 07, 2017

It was also alleged that during grace period of depositing demonetised notes, huge cash deposits were made in the bank several times during a day by a single person, the release mentioned.

Weekend Online Deals: Flipkart, Amazon offers heavy discounts on ACs, refrigerators, others

Weekend Online Deals: Flipkart, Amazon offers heavy discounts on ACs, refrigerators, others

Fri, Apr 07, 2017

Flipkart and Amazon India have started their three-day sale on electronics products starting from April 7 this week and ending on April 9.

Reliance Retail in partnership with NPCI announces UPI Payments app facility across 200 stores in Mumbai

Reliance Retail in partnership with NPCI announces UPI Payments app facility across 200 stores in Mumbai

Thu, Mar 30, 2017

Reliance Retail in partnership with National Payments Corporation of India (NPCI) on Thursday launched mobile-based in-store UPI Payments facility app over 200 stores in Mumbai.

Axis Bank to open international finance branch at GIFT City: Shikha Sharma

Axis Bank to open international finance branch at GIFT City: Shikha Sharma

Sun, Mar 26, 2017

Sharma referred to the recent Income Tax department raids and unearthing of suspicious financial activities at one of Axis Bank branches and said the Bank and she had more than "fair share of public gaze."

Bank stocks surge as FM promises solution to bad loans

Bank stocks surge as FM promises solution to bad loans

Fri, Mar 24, 2017

Shares of public sector banks rose by up to 4.5 % today after Finance Minister Arun Jaitley promised a solution to the growing NPA problem within next few days.

Sensex, Nifty trade positive; Axis Bank up 1.27%

Sensex, Nifty trade positive; Axis Bank up 1.27%

Thu, Mar 23, 2017

HDFC Securities said, "Markets are likely to open with a tinge of green this morning after a large sell off yesterday. We are expecting nifty to find buying support near 8980-9020 range. Mid caps and small caps are the ponds where we will find more fish. Stocks like Hindustan zinc who have announced large interim dividend will be in limelight."

Samsung officially launches Samsung Pay in India

Samsung officially launches Samsung Pay in India

Wed, Mar 22, 2017

Samsung Electronics on Wednesday officially announced the launch of Samsung Pay in India. The company had earlier during the month unveiled the mobile payment platform and had already opened for registrations in India on its official website.

ICICI Bank, SBI, StanChart top bank frauds list: RBI

ICICI Bank, SBI, StanChart top bank frauds list: RBI

Sun, Mar 12, 2017

The data provided by RBI to the Finance Ministry also revealed the involvement of bank staffs in fraud cases.

Digital Currency: Can Samsung Pay dent the Indian market?

Digital Currency: Can Samsung Pay dent the Indian market?

Tue, Mar 07, 2017

While Samsung Pay offers a safer option for payment instead of using card, the limited availability of the service on all its smartphone devices is a big hurdle.

Only 70% citizens feel charges on cash transaction are a bad decision: Survey

Only 70% citizens feel charges on cash transaction are a bad decision: Survey

Tue, Mar 07, 2017

The survey said, “Consumers are of the opinion that instead of reducing the cost of digital transactions, private banks are trying to show the stick to the customer and forcing them to go digital. Consumers are very concerned with the cost of digital transactions and many of them have reported that merchants are still charging 2% additional for debit, credit or wallet transactions.”

Reconsider penalty for not keeping minimum balance: Govt to SBI

Reconsider penalty for not keeping minimum balance: Govt to SBI

Tue, Mar 07, 2017

SBI has also imposed restrictions on withdrawals of cash from its branches as well as ATMs.

Samsung launches Samsung Pay platform in India; here's how it works

Samsung launches Samsung Pay platform in India; here's how it works

Mon, Mar 06, 2017

Some of the Samsung devices on which Samsung Pay is supported includes Galaxy S7 edge, Galaxy S7, Note 5, S6 edge plus, A5 (2016) and A7 (2016) and all other new models of Samsung to follow.

Charge on cash deposit: Why blame the banks when RBI approved move

Charge on cash deposit: Why blame the banks when RBI approved move

Mon, Mar 06, 2017

One of the reasons could be the rise in cash withdrawals since January 2017. RBI data show that people have already started withdrawing cash from their bank accounts in large numbers which has led to slowdown in digital transactions.

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