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Axis Bank Q4 Results: Axis Bank Edges Higher Post March Quarter Results


Axis Bank Edges Higher Post March Quarter Results
Axis Bank Share Price: Axis Bank posted a net profit of Rs 2,677 crore for the quarter ended March 2021 owing to a steep fall in bad loan provisions; it had reported a loss of Rs1,387.8 crore during the corresponding period
Updated: April 28, 2021 9:44 am IST
Axis Bank Shares : At 9:30 am, the shares were trading higher by 0.5 per cent on the BSE
Axis Bank shares have edged higher in a strong market after the private sector bank reported turnaround results in the quarter ended March 2021. Axis Bank posted a net profit of Rs 2,677 crore for the quarter ended March 2021 owing to a steep fall in bad loan provisions. It had reported a loss of Rs 1,387.8 crore during the corresponding period. At 9:30 am, the shares of Axis Bank were trading at Rs 710, higher by 0.5 per cent on the BSE. ....

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Axis Bank Share Price Today: Axis Bank Gains After Entering Into Agreement For Selling 100% Stake In Subsidiary


Axis Bank was last trading 2.54 per cent higher at Rs 715.25 on the BSE.
Share price of Axis Bank gained around three per cent on Thursday, April 1, after the bank entered into a share purchase agreement for the sale of 100 per cent stake in its subsidiary -  Axis Bank UK to OpenPayd Holdings. On Thursday, Axis Bank opened on the BSE at Rs 706, touching an intra day high of Rs 716.90 and an intra day low of Rs 695.60, in the trading session so far. According to a regulatory filing by the bank to the BSE, the transaction is subject to approval by the UK Financial Regulator - the Prudential Regulation Authority or PRA.  ....

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SBI shares: CLSA raises bets on 3 largecap banks - The Economic Times


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MUMBAI: CLSA sees a lot of value in large cap banks inspite of the 60-90% surge in their stocks since September 2020. Axis Bank, State Bank of India and ICICI Bank are CLSA s top picks.
We see a dual benign credit cycle play out both for corporate and retail loans from FY22, and our top picks are key beneficiaries as 70% of their provisioning in the past five years was due to high corporate stress, said CLSA.
The brokerage said the dual benign credit cycle for both corporate and retail loans continues to play out and the reversing rate cycle is positive for banks net interest margins. ....

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Axis Bank share rises 4% post IRDAI nod for stake buy, Max Financial hits new high


Axis Bank share rises 4% post IRDAI nod for stake buy, Max Financial hits new high
Gaining for the second straight day, Axis Bank shares traded 3.11% away from 52 week high of Rs 800. The stock has touched a 52-week low of Rs 285
BusinessToday.In | February 25, 2021 | Updated 15:47 IST
Axis Bank share has gained 17% in a month and 5% in one year. Year-to-date, the stock is up 24%
Shares of Axis Bank traded 4% higher intraday in Thursday s volatile session after the company announced that Insurance Regulatory and Development Authority of India (IRDAI) gave its formal approval for the acquisition of up to 12 per cent stake in Max Life Insurance by Axis Bank and its subsidiaries, Axis Capital & Axis Securities (together Axis Entities). ....

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