Axis Bank Ltd Share Price (AXISBANK)

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.

Jefferies Expects Strong CAGR Returns for Axis Bank - 24 Mar, 2024

Global brokerage firm Jefferies has listed Axis Bank as one of 11 stocks expected to deliver strong CAGR returns of 15% to 25% over the next five years. The bank is anticipated to witness a CAGR of 17 percent in loans and 18 percent in Earnings Per Share (EPS) for FY24-29, thanks to improvements in deposit franchises, advancements in digital and lending platforms, and ramp-up of its subsidiaries. Despite negative returns of around 6.08 percent in 2024 so far, it has delivered positive returns of nearly 22.7 percent in the last year.

Axis Bank Announces Changes to Magnus Credit Card - 22 Mar, 2024

Axis Bank has announced changes to its Magnus Credit Card, including tweaks in reward earnings and annual fee waiver exclusions. The card offers benefits such as hotel discounts and concierge service.

Axis Bank in News for Multiple Developments - 20 Mar, 2024

Axis Bank is making headlines for various developments including funding India Resurgence Funds acquisition of Ind Swift Laboratories, serving as a PSP to Paytm, increasing paid-up share capital, and gaining Paytm Payments Bank FASTag customers. Additionally, Norway's SWF Norges' India equity holdings have risen 21%, with Axis Bank being one of the top holdings.