| Contact Details |
| The Corporate Office: | Axis Bank
Axis Bank Limited, Corporate Office
Bombay Dyeing Mills Compound, Pandurang Budhkar Ma
Mumbai , MH, 400025
Phone : +91-22-24252525
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| News |
Axis Bank reports a 95% jump in Q1 net profit
Posted on 31st July 2019 |
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Axis Bank’s net profit jumped 95% year-on-year (y-o-y) to Rs 1,370.08 crore for the April-June period against Rs 701.09 crore in the corresponding quarter last year. The private lender witnessed a 13.1% y-o-y rise in net interest income (NII) at Rs 5,844 crore. NII is the difference between interest earned and interest paid by a bank. The private lender’s shares fell 2.58% intraday, before settling at Rs 706.55 per share, down 1.82%. Read More |
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Axis Bank's June quarter profit seen at ₹1,855 crore
Posted on 30th July 2019 |
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Mumbai: Private-sector lender Axis Bank is expected to report a net profit of ₹1,855 crore for the June quarter of FY20 compared with a net profit of ₹701.09 crore in the year-ago period, according to a consensus estimate of 23 analysts polled by Bloomberg. Read More |
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Axis Bank eyes bigger credit card pie, ties up with Flipkart
Posted on 12th July 2019 |
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MUMBAI: Axis Bank, the fourth largest credit card issuer in the country, Thursday tied up with e- commerce major Flipkart to launch a co-branded credit card and is aiming to sell 1 million of the new card in a year. The new co-branded card comes weeks after American lender Citi launched a similar offering by tying up with payments major Paytm. Read More |
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Axis Bank appoints Citigroup, JPMorgan for $1.3-bn share sale: Sources
Posted on 11th July 2019 |
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Axis Bank has picked banks, including Citigroup and JPMorgan Chase, to arrange a planned share sale of at least $1.3 billion, according to people with knowledge of the matter. India’s third-largest private sector lender has also selected Credit Suisse Group, BNP Paribas, HSBC Holdings, UBS Group and Axis Capital for the proposed offering, the people said, asking not to be identified. Read More |
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Axis Bank Rating | Buy — Execution of strategy will be vital to earnings
Posted on 1st July 2019 |
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Axis Bank’s (AXSB’s) annual report analysis reveals the bank’s focus on improving its earnings metrics and asset quality. As part of its FY20-22 strategy, AXSB targets an RoE of 18% by FY22, with credit cost, opex and business mix identified as the key drivers for the achievement of this goal. Digital initiatives at the bank are gaining traction, with 43% of its personal loans sourced digitally versus 22% in FY18. Read More |
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