While Axis Bank News Today

Kotak Mahindra Bank loses fourth position to Axis Bank on Dalal Street. Shares drop 10% post RBI ban. Analysts foresee derating if issues persist, impacting profitability and growth trajectory.

Q4 earnings preview indicates private banks may outperform public sector lenders due to tight liquidity. JM Financial expects 5% earnings growth, while analysts focus on NII growth, asset quality improvement, and stock outlook based on deposit performance.

ICICI Bank vs Axis Bank: While shares of ICICI Bank rose 181 per cent, Axis Bank stock gained 42.54 per cent in five years.

The discussions have not concluded yet. More than one bank will likely migrate the merchant accounts as the policymakers wish to avoid any concentration risk though commercials will take precedence over everything

Axis Bank shares fell over 5% to Rs 1,034.75 on Wednesday despite higher-than-expected December quarter earnings. Positive commentary from brokerages failed to alleviate selling pressure in top banking counters. Morgan Stanley maintained an Overweight stance, while Nuvama maintained a Buy view. However, Motilal downgraded the rating to Neutral due to growth challenges. Axis Bank reported a 4% YoY jump in standalone net profit to Rs 6,071 crore. Net interest income in Q3 rose 9% to Rs 12,532 cror...

Analysts warn that NBFCs will see a higher impact on growth and profitability versus other financial institutions as they have seen sharpest increase in exposure to unsecured retail lending

The benchmarks have lost nearly 5% over the last six sessions, which pushed the Nifty into oversold territory for the first time in 16 months. The market capitalisation of all listed companies on the BSE declined by 3 lakh crore to Rs 306.22 lakh crore. From the Sensex stock, M&M, Bajaj Finance, Asian Paints, and Nestle were the top laggards, falling 3-4%.

From buy ratings, UBS has downgraded SBI to Sell and Axis Bank to Neutral.

The gap between Axis Bank’s own portrayal of customer experience and the reality of customer complaints recalls Robert Louis Stevenson’s classic tale of Dr Jekyll and Mr Hyde.

ONDC will reportedly integrate PayNearby's newly launched meta commerce platform PayNearby Mall to enable access of goods last mile.