Axis Bank Ltd Share Price (AXISBANK)

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.

Axis Bank Launches Co-Branded Credit Card with Shoppers Stop - 16 Apr, 2024

Axis Bank launches a new co-branded credit card with Shoppers Stop, while Axis Securities predicts an improvement in credit growth and asset quality trend. Meanwhile, Axis Bank faces objections regarding transferring equity shares of JITPL to lenders.

Max Life Insurance Crosses ₹1.5 Lakh Crore AUM Mark - 15 Apr, 2024

Max Life Insurance, a joint venture between Max Financial Services Limited and Axis Bank Limited, has crossed the ₹1.5-lakh crore mark in assets under management (AUM) as of March 31, 2024. The company has seen a 1.5x increase in AUM since September 2021, reflecting a growth rate of over 20% year-on-year. Max Lifes gross written premium grew by 16% to ₹18,793 crore in first nine months of FY24.

Bain Capital Exits Axis Bank After Selling Stake - 10 Apr, 2024

Private equity major Bain Capital has exited Axis Bank after selling its entire stake in the lender for $429 million. Analysts predict mid-single-digit growth in net interest income and margin compression for the banking sector, with a preference for AXSB and HDFCB. Meanwhile, Bain Capital divested a 1.08% stake in Axis Bank for Rs 3,574 crore through open market transactions, with Mirae Asset MF and ICICI Prudential MF among the buyers. The Axis Bank stock is expected to rise towards Rs 1,350-1,400 if it takes off Rs 1,100-1,120 levels decisively.

Bain Capital Sells Stake in Axis Bank - 09 Apr, 2024

Private equity firm Bain Capital has sold a 1.08% stake in Axis Bank for Rs 3,574 crore through open market transactions. The shares were bought by several investors including Mirae Asset Mutual Fund and ICICI Prudential Mutual Fund.

Bain Capital to Exit Axis Bank with Block Deal - 08 Apr, 2024

Private equity firm Bain Capital is set to exit Axis Bank by selling 33.4 million shares worth $431 million via a block deal at a price range of Rs 1,071-Rs 1,076.05 per share.

Axis Bank Receives Regulatory Approvals for Infusion in Max Life Insurance - 05 Apr, 2024

Axis Bank has received regulatory approvals for its proposed infusion of Rs 1,612 crore in Max Life Insurance. The bank also allotted equity shares under its ESOP/RSU scheme. Motilal Oswal prefers ICICI Bank over Axis Bank. Atul Mehra is appointed as the new MD & CEO of Axis Capital.

Axis Bank Receives Regulatory Approval for Max Life Subscription - 04 Apr, 2024

Axis Bank has received all required regulatory approvals for its proposed subscription of shares in Max Life Insurance. However, ICICI Bank is currently preferred over Axis Bank due to the latter's constrained credit growth and pressure on margins.

Axis Bank Gets CCI Nod for Stake Acquisition in Max Life Insurance - 03 Apr, 2024

The Competition Commission of India has approved Axis Bank's proposed acquisition of a stake in Max Life Insurance Company Ltd, allowing the bank to increase its direct stake in Max Life to 16.22% and collective stake to 19.02%. The move is aimed at supporting Max Life's future growth plans, enhancing its capital position, and improving solvency margins.

Axis Bank Gains CCI Approval for Max Life Stake Buy - 02 Apr, 2024

Axis Bank has received approval from the Competition Commission of India (CCI) for its additional 6% stake purchase in Max Life Insurance valued at ₹1,612 crore. The bank's 9MFY24 profit is up 16% to ₹17,732 crore with a consolidated return on equity or RoE expanding 82 bps to 18.86%.

Atul Mehra Appointed MD & CEO of Axis Capital - 01 Apr, 2024

Axis Capital has appointed Atul Mehra as the Managing Director and Chief Executive Officer. The appointment underscores Axis Capitals commitment to fortifying its leadership team and reinforcing its position as a preferred investment banking partner.

Axis Bank Faces Customer Complaints Over Credit Card Transactions - 29 Mar, 2024

Axis Bank is facing customer complaints regarding unauthorised transactions on their credit cards, prompting concerns about potential data breaches. However, the bank has denied any such breach and attributed the incidents to a limited number of cases of fraud.

Axis Bank Faces Fraud Complaints, Revises Rules - 27 Mar, 2024

Axis Bank faces complaints of fraudulent activities by its credit card customers. The bank has revised rules for airport lounge access, BookMyShow offers, reward points, and international usage of debit cards. HSBC and Nomura have maintained their ratings on the bank's stock. Axis Bank helped benchmark stock indices recover losses.

Axis Bank Launches Digital US Dollar Fixed Deposit for NRIs - 26 Mar, 2024

Axis Bank becomes the first bank to offer a digital journey for GIFT City Deposits with its new offering of digital US dollar fixed deposits for NRI customers. However, there were outflows of $15 million from Axis Bank in Nifty Bank.