|Bid||522.60 x 0|
|Ask||0.00 x 0|
|Day's Range||520.50 - 532.90|
|52 Week Range||447.50 - 627.60|
|PE Ratio (TTM)||31.71|
|Forward Dividend & Yield||4.00 (0.92%)|
|1y Target Est||N/A|
Axis Bank said on Thursday that it had dealt in transactions that had been guaranteed with letters of undertaking from Punjab National Bank, but it had since sold those transactions. PNB, India's second-largest state-run lender with assets of $120 billion, said in a filing on Wednesday that it had detected fraudulent transactions worth $1.77 billion at a single Mumbai branch. Shares in PNB, which fell 10 percent on Wednesday, were down more than 5 percent in early trading on Thursday.
Today we’re going to take a look at the well-established Axis Bank Limited (NSEI:AXISBANK). The company’s stock received a lot of attention from a substantial price increase on the NSEIRead More...
Axis Bank Ltd, India's third-biggest private sector lender by assets, reported a 25 percent rise in quarterly net profit on higher interest and fee incomes as well as a sharp slowdown in bad loan additions. Shares in company rose as much as 5.3 percent to a more than one-year high as investors cheered the results that showed Axis added only 44.28 billion rupees of bad loans in the three months to December, less than half of levels in the September quarter. The bank reported a net profit of 7.26 billion rupees ($113.86 million) for the third quarter, up from 5.80 billion rupees a year ago but slightly below an average estimate of 7.98 billion rupees from 21 analysts polled by Thomson Reuters.
Axis Bank Limited (NSEI:AXISBANK) trades with a trailing P/E of 35.3x, which is higher than the industry average of 20.9x. While this makes AXISBANK appear like a stock to avoidRead More...
India's market regulator ordered Axis Bank (AXBK.NS) on Wednesday to conduct an internal investigation into a suspected leak of financial information and to strengthen its handling of such data, as part of a probe into messages about company results being circulated on private WhatsApp groups. The Securities and Exchange Board of India (SEBI) order comes after Reuters reported last month that Axis Bank was among 12 companies where messages about quarterly results or other key financial details had circulated through private WhatsApp chatrooms before their official release. The information on Axis Bank, which included key metrics on bad loans and net interest margins, "were either identical or matched closely with the figures" except for one metric, the regulator said in the order, published on SEBI's web site.
Rating Action: Moody's assigns Baa3 to Series A PTCs issued by Ramnos IFMR Capital 2017, Hinduja-sponsored Auto Loan ABS in India. Global Credit Research- 27 Dec 2017. Singapore, December 27, 2017-- Moody's ...
Axis Bank Limited (NSEI:AXISBANK) generated a below-average return on equity of 7.21% in the past 12 months, while its industry returned 8.57%. AXISBANK’s results could indicate a relatively inefficient operationRead More...
India's Axis Bank Ltd is to raise 116.26 billion rupees ($1.8 billion) to further strengthen its capital base by selling shares and warrants to a group of investors including Bain Capital and top Indian insurer Life Insurance Corp (LIC). Axis Bank said in a filing that its board had approved the sale of up to 172.63 million shares at 525 rupees each, and 45.36 million convertible warrants at 565 rupees each on a preferential basis.
Axis Bank Ltd, India's third-biggest private sector lender by assets, said on Tuesday second-quarter net profit jumped by about 36 percent, as provisions for bad loans eased from a year earlier. Net profit rose to 4.32 billion rupees ($66.6 million) for the quarter ended Sept. 30.
Rating Action: Moody's downgrades ICICI Bank UK ratings following the downgrade of ICICI Bank Limited's baseline credit assessment; outlook stable. Global Credit Research- 04 Aug 2017. London, 04 August ...
Rating Action: Moody's assigns Baa3 to Axis Bank's USD note drawdown. Global Credit Research- 01 Aug 2017. Singapore, August 01, 2017-- Moody's Investors Service, has assigned a Baa3 rating to Axis Bank ...
Rating Action: Moody's downgrades Novo 3 Ahan 2017 Trust to P-3. Global Credit Research- 26 Jul 2017. Singapore, July 26, 2017-- Moody's Investors Service has downgraded to P-3 from P-2 the Series A Pass ...
Rating Action: Moody's affirms ratings of Axis Bank and ICICI Bank; revises outlooks to stable. Global Credit Research- 24 Jul 2017. Singapore, July 24, 2017-- Moody's Investors Service has affirmed the ...
Rating Action: Moody's downgrades Novo 2 Ahan 2017 Trust to Not Prime. Global Credit Research- 26 May 2017. Singapore, May 26, 2017-- Moody's Investors Service has downgraded to Not Prime from P-3 the ...