Axis Bank | The Asian Age

Friday, Apr 19, 2024 | Last Update : 05:22 PM IST

Axis bank Page-4

Axis Bank launched a home loan product that entails waiving off a few EMIs during the course of a loan. (Photo: PTI)

Skip a few EMIs with Axis Bank's new home loan product

If a borrower takes a 20-year loan, the consumer will get 12 of the EMIs waived off.

17 Aug 2017 4:47 PM

Private sector and public sector banks have been cutting interest rates on savings account across the country. Photo: PTI

7 banks that cut interest rate on savings account

State Bank of India was first to slash interest rate, followed by other public and private lenders.

17 Aug 2017 11:53 AM

Axis Bank on Tuesday reduced interest rate on savings bank accounts by 50 basis points to 3.5 per cent for deposits up to Rs 50 lakh.

Axis Bank cuts interest rate on savings bank account

SBI had also slashed interest rate on savings account deposits by 50 basis points to 3.5 per cent on balance of Rs 1 crore and below.

08 Aug 2017 5:02 PM

Axis Bank on Thursday re-appointed Shikha Sharma as the managing director and chief executive.

Axis Bank re-appoints Shikha Sharma as CEO for 3 more years

Axis Bank scotched various media reports, one of them being that she was asked by Tata Sons to work for their financial services.

27 Jul 2017 5:33 PM

Bank's managing director and chief executive, Shikha Sharma, told reporters deal is important from a strategic perspective for the bank.

Axis Bank to acquire payments wallet Freecharge for Rs 385 crore

Acquiring Freecharge's business would give Axis Bank access to about 52 million mobile wallet holders of Freecharge.

27 Jul 2017 2:17 PM

Axis Bank is likely to takeover Freecharge for Rs 350-400 crore.

Axis Bank to take over Freecharge for Rs 350-500 crore

For Snapdeal, owner of Freecharge, the transaction would provide it much- needed cash.

26 Jul 2017 8:43 PM

Shares of Axis Bank today fell by nearly 3 per cent after the company reported 16 per cent decline in net profit for Q1.

Axis Bank shares slide 3 per cent post decline in Q1 earnings

Axis Bank's asset quality worsened as gross non-performing assets almost doubled to 5.03 per cent.

26 Jul 2017 12:56 PM

Revenues of the bank, however, rose to Rs 14,052.30 crore during April-June quarter of the current fiscal, compared to Rs 13,852.18 crore in the year-ago period.

Axis Bank Q1 net profit falls 16 pc to Rs 1306 crore.

The bank had registered a net profit of Rs 1,556 crore in the June quarter of 2016-17.

25 Jul 2017 5:44 PM

Indians are aspirational of owning iconic brands like Harley Davidson and Triumph which made the bank launch the offer. (Photo: PTI)

Axis Bank launches super bikes loans; to fund 95 per cent of costs

The bank will consider accessory funding along with the cost of the bike.

05 Jul 2017 2:45 PM

Axis Bank board to raise 5k cr capital via private placement

The bonds are rated 'Crisil AAA' by Crisil Ltd, 'Icra AAA hyb' by ICRA and 'IND AAA' by India Ratings (Ind-Ra).

15 Jun 2017 9:02 PM

SBI's exposure to telecom companies is in the range of Rs 80,000 crore. (Photo: Representational Image)

Telcos under stress, can default on loans: Banks tell panel

The letter had noted that the total EBITDA in the sector on an annualised basis is Rs 65,000 crore.

15 Jun 2017 9:37 AM

Axis Bank to sell debentures to fund growth

The bank's gross non-performing assets (NPAs) or bad loans rose significantly to 5.04 per cent of the gross advances as of March.

12 Jun 2017 7:56 PM

The moves comes a week after the country's largest lender SBI cut its rates by up to 0.25 per cent for loans of under Rs 30 lakh.

Axis Bank cuts home loan rates by 0.30 per cent

The rate cuts will help more people to realise their dream of having a home.

18 May 2017 2:11 PM

NPA norms welcome, will force decisions: Axis' Shikha Sharma

All bad assets will not turn good, and banks will have to take haircuts because of this mechanism.

11 May 2017 5:20 PM

Net NPAs were 2.11 per cent of the net advances during the quarter, as against 0.70 per cent.

Axis Bank shares down nearly 3 pc as Q4 profit slips

Axis Bank total income increased, however, to Rs 14,181.31 crore in the fourth quarter of 2016-17.

27 Apr 2017 1:13 PM

The stock gained 3.23 per cent to end at Rs 502.95 on BSE.(Photo: PTI)

Axis Bank shares gain over 3 pc; mcap rises by Rs 3,908 cr

The company's market valuation climbed Rs 3,907.87 crore to Rs 1,20,415.87 crore on BSE.

28 Mar 2017 7:30 PM

CEO Shikha Sharma not resigning: Axis Bank

Bank says social media reports that its chief executive was quitting was false and speculative.

22 Mar 2017 11:41 AM

At NSE, shares of the bank gained 4.84 per cent to close at Rs 504.35. (Photo: Facebook)

Axis Bank shares up 5 per cent on merger buzz

Company's market valuation went up by Rs 5,780.47 crore to Rs 1,20,709.47 crore.

21 Feb 2017 8:27 PM

The case was first detected by the Delhi police after it intercepted three persons with about Rs 3.7 crore cash in old notes in front of the Axis Bank branch in November last year.

Axis money laundering case: ED files charges

The ED took cognisance of the police FIR and slapped money laundering charges against the accused.

04 Feb 2017 5:02 AM

Total income of Axis Bank rose to Rs 14,501 crore.

Axis Bank Q3 net plunges 73 pc to Rs 580 crore

Net profit for the same quarter in the last fiscal stood at Rs 2,175 crore.

19 Jan 2017 6:06 PM

4 of 5

Columns

Mohan Guruswamy