Axis Bank Ltd. News

NSE: Axis Bank Industry : Bank - Private

Axis Bank, CRMNEXT bag IBSi's Innovation Awards 2021

The bank has implemented CRMNEXT for sales and service modernisation enabling Straight through Processing and instant fulfillment

14 Jan 2022, 11:05 AM

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Axis Bank surges on partnering with MinkasuPay

Axis Bank through this partnership with MinkasuPay will enable customers to make net banking payments in merchant apps using Fingerprint or Face ID

12 Jan 2022, 11:25 AM

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Axis Bank partners with MinkasuPay

Axis Bank through this partnership with MinkasuPay will enable customers to make net banking payments in merchant apps using Fingerprint or Face ID

12 Jan 2022, 11:16 AM

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Axis Bank executes maiden domestic trade transaction on GOI backed blockchain platform

The transaction, between Arcelor Mittal Nippon Steel India and Lalit Pipes & Pipes, involved the process of letter of credit advising as well as digital presentation

11 Jan 2022, 16:25 PM

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Axis Bank concludes structured derivative transactions with leading corporates

The first of these transactions was executed with Reliance Industries

04 Jan 2022, 12:57 PM

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Axis Bank surges on strengthening partnership with Paisabazaar.com

The Pre-Qualified program on Paisabazaar.com entails deep technology and analytics collaboration with Banks and NBFCs

31 Dec 2021, 09:24 AM

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Axis Bank strengthens partnership with Paisabazaar.com

The Pre-Qualified program on Paisabazaar.com entails deep technology and analytics collaboration with Banks and NBFCs

31 Dec 2021, 09:07 AM

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Axis Bank gains on inking MoU with Maharashtra Forest Department

This special salary account will offer numerous benefits to the forest department personnel

23 Dec 2021, 14:51 PM

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Axis Bank inks MoU with Maharashtra Forest Department

This special salary account will offer numerous benefits to the forest department personnel

23 Dec 2021, 12:58 PM

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Axis Bank surges on emerging as highest bidder for Citibankas consumer banking business

The valuation could be around $2 billion (about Rs 13,000 crore)

22 Dec 2021, 11:12 AM

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Oriental Insurance Company categorised as public shareholder in Axis Bank

In October, applications were made to BSE and NSE for reclassification of The New Oriental Insurance Co to public category from promoter category

22 Dec 2021, 11:10 AM

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Axis Bank emerges as highest bidder for Citibankas consumer banking business

The valuation could be around $2 billion (about Rs 13,000 crore)

22 Dec 2021, 10:50 AM

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Axis Bank to raise Rs 5000 crore through NCDs

The company is planning to raise funds by issuing NCDs of Rs 10 lakh each for cash at par

20 Dec 2021, 14:16 PM

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Axis Bank inks MoU with Kolkata Police

Under this initiative, Axis Bank will offer personal accidental cover of up to Rs 30 lakh to all police personnel

09 Dec 2021, 10:22 AM

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Today's price summary

Stock DNA

1 Years Returns

STOCK

-93.24

SECTOR

-86.6

SENSEX

-74.96

Industry

Private Banks

MARKET CAP

Rs 2,21,978 Cr

PRICE TO ADJ. BV

2.12

DIVIDEND YIELD

0.00%

Moving average Buy Sell
Technical Indicator Buy Sell
Moving average Buy Sell
Technical Indicator Buy Sell
Moving average Buy Sell
Technical Indicator Buy Sell

Axis Bank is the third-largest private lender in India (market capitalization of Rs 225,628.43 crore) with deep penetration in wholesale and retail segments, covering the entire spectrum of financial services. They primarily focus on retail customers, large corporates, mid-corporates, MSME, and agriculture segments. In addition to the bank services, Axis also offers a range of investment solutions through its subsidiaries. 

Axis Bank has a global presence, including a strong footprint of 4,594 domestic branches covering PAN India and eight foreign offices in Singapore, Dubai, Dhaka, Abu Dhabi, Sharjah, and a subsidiary office in London, UK. Their foreign offices offer Corporate Lending, Trade Finance, Syndication, Investment Banking, and Liability Businesses.

Company background and profile 

Axis Bank, incorporated in 1993, was one of the first generation private banks of India. Initially, it was called UTI Bank Ltd. Specified Undertaking of Unit Trust of India (SUUTI), Life Insurance Corporation, General Insurance of India, National Insurance Company Ltd., The New India Assurance Company Ltd., and Oriental Insurance Company Ltd., were the founding promoters of the bank. However, all their shares were later transferred to SUUTI, a company formed in 2003. The bank also owns five wholly-owned subsidiaries, Axis Securities and Sales Ltd, Axis Private Equity Ltd, Axis Trustee Services Ltd., Axis Asset Management Company and Axis Mutual Fund Trustee Ltd.

In 2001, Axis Bank and the Global trust Bank entered a merger petition to create India's largest private sector bank. However, both banks eventually pulled out of the agreement due to media issues. 

Company financials and performance 

  • In the quarter ending on September 30, 2021, the bank reported standalone gross non-performing assets (gross NPA) at .00% of total assets and standalone net non-performing assets at .00% of total assets.
  • The bank's consolidated total income stood at Rs 20,966.61 crore in the same quarter, up by 3.36% from the quarter before that and 2.54% year-on-year.  
  • The bank's net profit after tax in the same quarter was Rs 3,387.70 crore.

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