Page 2 - While Axis Bank News Today

Some private banks say private capital expenditure is back; others see muted activity

Axis Bank Q4 results review: Phillip Capital said the Q4FY23 performance was marginally below its expectation but organic loan growth and asset quality surprised it positively.

Last week, Adani shares rallied between 10% to 44% with Adani Enterprises emerging as the best performer in the Groups stocks. The strong performance comes after mega block deals in four Adani firms. .This lifted broader markets with Nifty PSU Bank witnessing the most buying.

The proposed fundraising via FPO comes when concerns have been raised about Adanis elevated debt levels and large promoter shareholding. As of September 30, 2022, Adanis net external debt is around ₹33,517 crore.

Most lenders have increased lending rates after the Reserve Bank of India (RBI) tweaked its repo rate by to 50 bps earlier in August in a bid to tackle inflation.

THIS bank slashes home loan interest rate for limited period - The new rates, which are linked to the borrowers credit profile, are applicable till June 30, 2022.

Loans from THESE two banks get more expensive - Recently, loans procured from the Bank of Baroda got expensive as it has hiked MCLR by 5 bps across tenures.

Dragged by the auto, financial and FMCG stocks, the Sensex was down over 166 points and the Nifty50 settled below the 17350-level at the market close. Get more Markets News and Business News on Zee Business.

Banking and financial services shares propelled markets to new record highs on Monday as index heavyweights such as ICICI Bank, and HDFC hit new peaks. The Nifty Bank index, which was the top performing index on the National Stock Exchange (NSE), jumped nearly 934 points, or 2.5 per cent, in the intra-day deals to hit a new 37,043 levels. Among individual stocks, IndusInd Bank advanced 3.3 per cent at the bourses to hit a high of Rs 1,061 apiece on the NSE while Axis Bank gained 3.6 per cent ...

Read more about RIL, Infosys, Airtel: MFs trim stake in index heavyweights in January on Business Standard. Reliance Industries, Infosys, Bharti Airtel, Power Grid and Tata Consultancy Services are some of the stocks mutual funds cashed out of last month