Axis Bank Ltd (AXISBANK)

Axis Bank Reports Rise in Q1 Net Profit - 24 Jul, 2024

Axis Bank reports a four percent YoY rise in Q1FY25 net profit at ₹6,035 crore. Analysts suggest a stock-specific approach for trading with Nifty's immediate support levels at 24,200 and 24,000.

Axis Bank's Q1FY25 Growth Expected Despite Market Losses - 23 Jul, 2024

Axis Bank is projected to register a 13% YoY profit growth at Rs 6,576 crore in Q1FY25. Loans are expected to increase by 13.5% YoY to Rs 9.74 lakh crore while deposits may grow by 12.3% YoY to Rs 10.5 lakh crore. The bank's gross non-performing assets (NPA) are likely to decrease to 1.5% in the quarter ended June. Additionally, Axis Bank has partnered with Paytm to provide point of sales solutions and card payment machines to its merchant network and banks.

Axis Bank to Announce Q1FY25 Results on July 24 - 21 Jul, 2024

Axis Bank is set to announce its quarterly results for Q1FY25 on July 24, 2024. The bank has delivered over 30% returns to shareholders in the past year. In Q4FY24, the Net Interest Income (NII) increased by 4%, and net profits rose by 17%.

Axis Bank Sales Manager Arrested in Connection with Employee Suicide - 19 Jul, 2024

A sales manager of Axis Bank in Noida has been arrested in connection with the suicide of a woman sales executive who worked for a third-party company hired by Axis Bank. The incident caused a significant disagreement between the executive and another employee at our Noida office.

Axis Bank Sales Manager Arrested in Connection with Employee Suicide - 18 Jul, 2024

Mohammed Akram, a sales manager at Axis Bank, was arrested in connection with the suicide of Shivani Tyagi, an employee of Quess Corp hired by Axis Bank. Tyagi alleged physical and mental harassment by colleagues in her purported suicide note. Both Axis Bank and Quess Corp expressed regret over the incident.

Axis Bank Employee Allegedly Bullied and Harassed, Dies by Suicide - 17 Jul, 2024

Shivani Tyagi, a 27-year-old executive at Axis Bank, died by suicide after allegedly being bullied and harassed by her colleagues. Her family has called for swift action to ensure justice for Shivani and address the pervasive issue of workplace harassment.

Axis Bank Sees Drop in Attrition Rate and Increases Paid-Up Share Capital - 16 Jul, 2024

Axis Bank reports a drop in employee attrition rate for FY24 and an increase in paid-up share capital through the allotment of equity shares.

Axis Bank Acquires Citibank Credit Card Business Amid Migration Glitches - 15 Jul, 2024

Axis Bank acquires Citibank's credit card business and plans to phase out nine Citibank credit cards. The bank may reduce its gross market borrowings due to higher than expected revenue receipts and capital receipts. However, several former Citibank customers experienced issues migrating to Axis Bank systems.

Axis Bank Shares Hit Lifetime High Amid Expected Strong Q1 Results - 12 Jul, 2024

Despite a potentially soft Q1 FY25 for banks, Axis Bank's shares reached a new lifetime high of Rs 1,339.65 apiece on the NSE. Analysts expect strong quarterly results due to improved CASA and margins quarter after quarter.

Axis Bank to Temporarily Halt Certain Services on Platform - 11 Jul, 2024

Axis Bank has notified its customers that certain services, including internet banking and mobile app transactions, will be temporarily unavailable from 10 PM on July 12 to 9 AM on July 14. The bank completed the acquisition of Citi India's retail business in March 2023.

Axis Bank Expects Increase in Net Profit and NII - 10 Jul, 2024

Axis Bank is expected to report an increase in net profit and NII according to Prabhudas Lilladher. The bank also allotted equity shares under its ESOP/RSU scheme and partnered with Flipkart for UPI handle @fkaxis.

Axis Bank Predicts Growth in Telecom Sector - 09 Jul, 2024

Axis Bank is set to migrate Citibank credit card customers to its platform. Meanwhile, Axis Capital predicts significant ARPU growth for telecom giants Bharti and Jio.

Axis Bank Among Top Picks for Brokerages; Mandated to Arrange Syndicated Loan - 06 Jul, 2024

Axis Bank has been identified as a top pick by brokerages due to its strong performance and balance sheet. The bank is also one of three mandated lead arrangers for a syndicated loan being offered.

Third-Party Apps No Longer Available for Axis Bank Credit Card Bill Payments - 03 Jul, 2024

Customers with credit cards from major banks like HDFC Bank and Axis Bank will no longer have the option to use third-party applications such as CRED, PhonePe, Amazon Pay, and Paytm to settle their credit card bills due to the lack of integration of these apps with the Bharat Bill Payment System (BBPS) managed by NPCI.

Axis Bank Collaborates with Piramal Finance for Co-Lending Business - 01 Jul, 2024

Axis Bank announces a strategic partnership with Piramal Finance for co-lending business to offer loans to middle and low-income sections of borrowers. BofA Securities has a buy rating on HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank citing strong earnings momentum.

Axis Bank to Migrate Citibank Credit Card Customers - 29 Jun, 2024

Axis Bank has notified Citibank credit card customers about migrating all relationships, including credit card accounts, which is expected to be completed by July 15, 2024. The migration will not affect the seamless use of Citi-branded cards until new Axis Bank cards are received within a few months after the migration. Points accumulated till the migration date will remain never expiring, while points earned post-migration will expire after three years.

Axis Bank Opens Retail Branch at GIFT City - 28 Jun, 2024

Axis Bank has opened a domestic retail branch at GIFT City to provide banking services to the growing community of start-ups, residential projects, and other businesses. Additionally, Axis Bank will enable NRI customers to initiate US Dollar ($) fixed deposits seamlessly through its mobile banking application.

Axis Bank Among Top Gainers in BSE Sensex and Bank Nifty Index - 27 Jun, 2024

Shares of Axis Bank hit their fresh 52-week high today, making it one of the top gainers in both the BSE Sensex and Bank Nifty index. Other top gainers include Ultratech Cement, ICICI Bank, Bosch, Reliance Industries, Hindustan Unilever, Kotak Mahindra Bank, Tata Steel, IDFC First Bank, and Federal Bank.

Axis Bank Hits Record High Amid Positive Market Sentiment - 25 Jun, 2024

Axis Bank's acquisition of Citi Bank's consumer business in March 2023 and its record-high stock prices have garnered positive market sentiment. Nomura India excluded Axis Bank from its top banking picks but ICICI Securities maintains a buy rating with a target price of Rs 1,300 per share.