Axis Bank Ltd (AXISBANK)

Axis Bank Launches Talent Acquisition Programme; Bullish Outlook Shared by Fund Manager - 16 May, 2024

Axis Bank has launched an inclusive talent acquisition programme while its fund manager expresses a bullish outlook on India's economy and small/mid-cap space.

Axis Bank Completes Acquisition of Citi's Consumer Banking Business - 14 May, 2024

Axis Bank has completed its strategic acquisition of Citi's consumer banking business in India for Rs 11,603 crore. The integration of Citi's team of 3,200 people with Axis Bank is expected to create an inclusive and employee-friendly work environment.

Axis Bank's Stock Price Declines Amidst Q4 Profit Report - 11 May, 2024

Axis Bank has reported a net profit of ₹7,130 crore in the January-March quarter of FY24. However, its stock price has declined by 3.93% in the last seven sessions, making it Nifty 50's fourth worst-performing stock.

Fraud Charges Against Directors; Axis Bank Reports Profit - 10 May, 2024

Seven directors were charged with defrauding Axis Bank of ₹22.29 crore while the bank reported a Q4FY24 net profit of ₹7,130 crore. Analysts suggest taking a bull call spread strategy on the stock.

Axis Bank Eyes Mid-Sized Companies in Asia for Business Growth - 09 May, 2024

Axis Bank plans to hire Asian expatriates to target mid-sized companies in the fastest-growing business area of its corporate banking division. Fitch Ratings has affirmed Axis Bank's ratings with a stable outlook.

Private Lenders to Increase IT Spending for Digital Transactions - 08 May, 2024

ICICI Bank, Axis Bank, Yes Bank, and Kotak Mahindra Bank plan to increase IT spending to deal with rising digital activity, including transactions via India's Unified Payments Interface.

Axis AMC Appoints Vishal Dhanesha as COO - 07 May, 2024

Vishal Dhanesha has been appointed as the Chief Operating Officer of Axis Asset Management Company. He will oversee fund accounting operations, R&T operations, IT and information security functions across mutual funds, AIFs, and PMS businesses. Chetan Shah has also been appointed as Head - Real Estate.

Investors Concerned About Axis Bluechip Fund's Poor Performance - 03 May, 2024

Axis Bluechip Fund has been in the fourth quartile for the last two months, prompting investors to question its poor performance over the past year. Many are unsure whether they should continue investing in the scheme.

Axis Bank Hits 52-Week High Amid Positive Q4 Results - 30 Apr, 2024

Axis Bank's shares hit a 52-week high as the bank reports strong Q4 results with a growth in net profit and higher-than-expected PPOP. KR Chokseys revises its target price for the stock to INR 1,345 per share and reiterates a BUY rating.

Axis Bank Shares Rise on Strong Q4 Results - 29 Apr, 2024

Axis Bank's Q4FY24 results show healthy credit growth, lower C/I ratio, and increased disbursement in retail and SME loans. The bank is rated a BUY with a potential upside of 17%. Shares rose after the results were announced and contributed to a 2.5% increase in the Bank Nifty index.

Axis Bank Plans Fundraising & Expects Loan Growth - 27 Apr, 2024

Axis Bank plans to raise Rs. 55,000 crore through a mix of debt and equity while expecting loan growth 300-400 basis points higher than the banking industry over the next three to five years.

Axis Bank Surpasses Kotak Mahindra Bank in Market Cap - 26 Apr, 2024

Axis Bank surpasses Kotak Mahindra Bank in market cap after reporting moderate top-line and healthy growth in profitability. The bank is expected to grow higher than the industry, with margins improving as cost of funds normalises. Technical analysis suggests bullish momentum with a potential rise towards Rs.1,230.

Axis Bank Overtakes Kotak Mahindra in Market Cap - 25 Apr, 2024

Axis Bank Ltd. has overtaken Kotak Mahindra Bank Ltd.'s market capitalization for the first time since Sept. 2016.

Axis Bank to Raise Rs 55,000 Crore Fund via Debt and Equity - 24 Apr, 2024

Axis Bank has announced plans to raise Rs 55,000 crore through a mix of debt and equity. Of the total amount, around Rs 35,000 crore will be raised through various debt instruments, while the remaining Rs 20,000 crore will be raised through equity shares or related securities. This announcement was made along with the bank's Q4 results, where it reported a profit of Rs 7,130 crore.

Axis Bank Expected to Report Net Profit for Q4FY24 - 23 Apr, 2024

Axis Bank is expected to report a net profit of Rs 6,305.25 crore for Q4FY24, with an uptick in interest income. However, the bank may see tepid numbers due to high base and lower treasury income.

Axis Bank Board Evaluates Equity Capital Raise - 22 Apr, 2024

Axis Bank is set to announce its financial results for the January-March period on April 24th. Analysts predict strong growth across segments with double-digit expansion in loans and deposits. Nomura Research expressed surprise at the prospect of Axis Bank initiating an equity capital raise, which could weigh on share price performance.

Axis Bank Faces Churn in Senior Management; NPCI May Review Cap on Payment Players' Market Share - 20 Apr, 2024

Amidst churn in senior management, Salil Pitale, Co-CEO of Axis Capital, has resigned from the firm. Meanwhile, NPCI is considering reviewing its decision to impose a 30% cap on market share for payment players offering UPI services by the end of 2024. Currently, Cred and Axis Bank Apps hold less than 1% each.

Axis Bank Shares Decline Despite Buy Recommendation from Jefferies - 19 Apr, 2024

Axis Bank's shares declined by 2.73% despite receiving a buy recommendation from Jefferies with a target price of ₹1,380. ICICI Securities suggests taking a Bear Put Spread options strategy. The bank's board will consider a fund raising proposal on April 24.

BNP Paribas Recommends Buy for Axis Bank Stock - 18 Apr, 2024

Axis Bank's Q3 FY24 consolidated total income rose to Rs 35136.83 crore, up 6.08% from the previous quarter. BNP Paribas Securities recommends buying Axis Bank shares with a target price of Rs 1400. However, the bank's stock price fell by 1.75% in Thursday's trading session.