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Axis Bank Ltd

Wed 21/05/2025,15:57:20 NSE: AXISBANK

₹ 1197.80 2.00 (0.17%)
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Wed 21/05/2025,16:1:0

Axis Bank Ltd

Wed 21/05/2025,15:57:20 | NSE : AXISBANK

₹ 1197.802.00 (0.17%)

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Market Data

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Open

₹ 1197.10

Previous Close

₹ 1195.80

Volume

3712472

Mkt Cap ( Rs. Cr)

₹371181.49

High

₹ 1204.90

Low

₹ 1182.70

52 Week High

₹ 1339.65

52 Week Low

₹ 933.50

Book Value Per Share

₹ 553.12

Dividend Yield

0.08

Face Value

₹ 2.00

What’s Your Call?

Collective community sentiment on Axis Bank Ltd

Your Vote -

Buy

61.74%

Hold

19.52%

Sell

18.75%

61.74%

79452 users have voted

Market Depth

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Buy Order Quantity

100%

Sell Order Quantity

0%

Bid Price

Qty

1197.80

123

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Bid Total

123

Bid Price

Qty

0.00

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Bid Total

0

Option Chain

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News

Media spotlight triggers stock stock attention, sentiment.

  • Axis Bank Ltd. - Disclosure under SEBI Takeover Regulations

    19 May 2025, 9:56PM Life Insurance Corporation of India has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    19 May 2025, 4:44PM Schedule of analysts/institutional investors meet

  • Axis Bank Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates

    19 May 2025, 4:41PM Axis Bank Limited has informed the Exchange about Schedule of meet

  • Axis Bank Ltd. - ESOP/ESOS/ESPS

    15 May 2025, 5:11PM Axis Bank Limited has informed the Exchange regarding Allotment of 516990 Shares.

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    15 May 2025, 5:08PM ALLOTMENT OF EQUITY SHARES

  • Axis Bank partners with Antara Senior Care

    15 May 2025, 11:42AM Axis Bank, one of India’s leading private sector banks, has partnered with Antara Senior Care—a wholly owned subsidiary of Max India Limit

  • Axis Bank Ltd. - ESOP/ESOS/ESPS

    7 May 2025, 8:18PM Axis Bank Limited has informed the Exchange regarding Allotment of 397952 Shares.

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    7 May 2025, 8:14PM ALLOTMENT OF EQUITY SHARES

  • RBI imposes monetary penalty on Axis Bank Limited

    5 May 2025, 10:00AM The Reserve Bank of India (RBI) has, by an order dated April 29, 2025, imposed a monetary penalty of ?29.60 lakh (Rupees Twenty nine lakh sixty thousa

  • Axis Bank Ltd. - General Updates

    3 May 2025, 3:17PM Axis Bank has informed the Exchange about General Updates

  • Axis Bank Ltd. - General Updates

    3 May 2025, 3:15PM Axis Bank Limited has informed the Exchange about General Updates

  • Axis Bank Ltd. - Shareholders meeting

    2 May 2025, 8:32PM Axis Bank Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot

  • Axis Bank Ltd. - Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

    2 May 2025, 8:02PM Please find enclosed results of Postal Ballot and Scrutinizers Report

  • Axis Bank Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates

    1 May 2025, 5:28PM Axis Bank Limited has informed the Exchange about Transcript

  • Axis Bank Ltd. - Alteration Of Capital and Fund Raising-XBRL

    1 May 2025, 10:10AM Axis Bank Limited has informed the Exchange regarding Allotment of Securities

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    1 May 2025, 5:31PM Earnings Call Transcript Q4FY25

  • Axis Bank Ltd. - ESOP/ESOS/ESPS

    30 Apr 2025, 4:21PM Axis Bank Limited has informed the Exchange regarding of 158894 Options.

  • Axis Bank Ltd. - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    28 Apr 2025, 3:46PM AXIS BANK LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

  • Axis Bank Ltd. - Outcome of Board Meeting-XBRL

    25 Apr 2025, 6:40PM Axis Bank Limited has informed the Exchange regarding Outcome of Board Meeting held on 25-Apr-2025 for Dividend

  • Axis Bank Ltd. - Record Date

    25 Apr 2025, 6:08PM Axis Bank Limited has informed the Exchange that Record date for the purpose of Dividend is 04-Jul-2025.

  • Axis Bank Ltd. - Record Date

    25 Apr 2025, 6:08PM Record Date - Dividend

  • Axis Bank Ltd. - Board Meeting Outcome for Outcome Of Board Meeting

    25 Apr 2025, 6:04PM Outcome of Board Meeting

  • Axis Bank Ltd. - Outcome of Board Meeting

    25 Apr 2025, 6:02PM Axis Bank Limited has informed the Exchange regarding Outcome of Board Meeting held on April 25, 2025.

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Change in Management

    25 Apr 2025, 5:59PM Change in Management

  • Axis Bank Ltd. - Change in Management

    25 Apr 2025, 5:58PM Axis Bank Limited has informed the Exchange about change in Management

  • Axis Bank Ltd. - Copy of Newspaper Publication

    25 Apr 2025, 11:29AM Axis Bank Limited has informed the Exchange about Copy of Newspaper Publication

  • Axis Bank shares plunges nearly 5% post earnings announcement

    25 Apr 2025, 10:59AM Axis Bank shares plunged nearly 5% on Friday following the release of its March quarter earnings, which showed a decline in profit for the period. <p

  • Axis Bank Ltd. - ESOP/ESOS/ESPS

    25 Apr 2025, 9:19AM Axis Bank Limited has informed the Exchange regarding Grant of Options.

  • Axis Bank Ltd. - Grant Of Stock Options/ Units

    25 Apr 2025, 9:16AM Grant of Stock options/ Units

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    24 Apr 2025, 10:54PM Axis Bank Limited has informed the Exchange about Link of Recording

  • Axis Bank Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates

    24 Apr 2025, 10:54PM Axis Bank Limited has informed the Exchange about Link of Recording

  • Axis Bank Ltd. - Outcome of Board Meeting-XBRL

    24 Apr 2025, 8:16PM Axis Bank Limited has informed the Exchange regarding Outcome of Board Meeting held on 24-Apr-2025 for Dividend

  • Axis Bank Ltd. - Press Release

    24 Apr 2025, 5:18PM Axis Bank Limited has informed the Exchange regarding a press release dated April 24, 2025, titled ""Press Release"".

  • Axis Bank Ltd. - Dividend

    24 Apr 2025, 5:16PM Axis Bank Limited has informed the Exchange that Board of Directors at its meeting held on April 24, 2025, recommended Final Dividend of Re. 1 per equ

  • Axis Bank Ltd. - Outcome of Board Meeting

    24 Apr 2025, 5:15PM Axis Bank Limited has informed the Exchange regarding Outcome of Board Meeting held on April 24, 2025.

  • Axis Bank Ltd. - Investor Presentation

    24 Apr 2025, 5:12PM Axis Bank Limited has informed the Exchange about Investor Presentation

  • Axis Bank Ltd. - Outcome of Board Meeting

    24 Apr 2025, 5:02PM Axis Bank Limited has informed the Exchange regarding Outcome of Board Meeting held on April 24, 2025.

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    24 Apr 2025, 5:25PM Press Release FY25

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Dividend Updates

    24 Apr 2025, 5:23PM Dividend FY25

  • Axis Bank Ltd. - Board Meeting Outcome for Outcome Of Board Meeting - Dividend, Fund Raising, Borrowing Limit

    24 Apr 2025, 5:21PM Outcome of Board Meeting - Dividend, Fund raising, borrowing limit

  • Axis Bank Q4 net profit down 0.17% at Rs 7117.50 cr

    24 Apr 2025, 5:10PM The bank reported standalone net profit of Rs 7,117.50 crore for the quarter ended March 31, 2025 as compared to Rs 7129.67 crore in the same period l

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Investor Presentation

    24 Apr 2025, 5:10PM Investor Presentation

  • Axis Bank Ltd. - Audited Financial Results FY25

    24 Apr 2025, 4:57PM Audited Financial Results FY25

  • Axis Bank Ltd. - Alteration Of Capital and Fund Raising-XBRL

    23 Apr 2025, 3:27PM Axis Bank Limited has informed the Exchange regarding Allotment of Securities

  • Axis Bank Ltd. - ESOP/ESOS/ESPS

    22 Apr 2025, 9:58PM Axis Bank Limited has informed the Exchange regarding Allotment of 99812 Shares.

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    22 Apr 2025, 9:56PM ALLOTMENT OF EQUITY SHARES

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    20 Apr 2025, 7:03PM Axis Bank Limited has informed the Exchange about Schedule of meet

  • Axis Bank Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates

    20 Apr 2025, 6:58PM Axis Bank Limited has informed the Exchange about Schedule of meet

  • Axis Bank Ltd. - Alteration Of Capital and Fund Raising-XBRL

    17 Apr 2025, 2:19PM Axis Bank Limited has informed the Exchange regarding Allotment of Securities

  • Axis Bank Ltd. - Alteration Of Capital and Fund Raising-XBRL

    16 Apr 2025, 1:50PM AXIS BANK LIMITED has informed the Exchange regarding Allotment of Securities

  • Axis Bank Ltd. - ESOP/ESOS/ESPS

    16 Apr 2025, 1:49PM Axis Bank Limited has informed the Exchange regarding Allotment of 261363 Shares.

  • Axis Bank Ltd. - Board Meeting Intimation

    16 Apr 2025, 11:55AM Axis Bank Limited has informed the Exchange about Board Meeting to be held on 24-Apr-2025 to consider and approve the Yearly Audited Financial results

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    16 Apr 2025, 1:44PM ALLOTMENT OF EQUITY SHARES

  • Axis Bank Ltd. - Updates

    15 Apr 2025, 10:20PM Axis Bank Limited has informed the Exchange regarding 'Non-applicability of the provisions of Chapter XII - Fund raising by issuance of Debt Securitie

  • Axis Bank Ltd. - Non Applicability Of The Provisions Of Fund Raising By Issuance Of Debt Securities By Large Corporates

    15 Apr 2025, 10:20PM Non applicability of the provisions of Fund raising by issuance of Debt securities by Large Corporates

  • Axis Bank Ltd. - Board Meeting Intimation for Financial Results/Dividend/Fund Raising

    15 Apr 2025, 6:51PM AXIS Bank Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/04/2025 ,inter alia, to consider and approv

  • Axis Bank Ltd. - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    15 Apr 2025, 3:17PM Axis Bank Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

  • Axis Bank Ltd. - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    15 Apr 2025, 3:21PM Axis Bank Limited has informed the Exchange about Certficate under SEBI (Depositories and Participants) Regulations, 2018

  • Axis Bank Ltd. has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    9 Apr 2025, 6:20PM As of March 2025, 8.18% is owned by Indian Promoters and 91.82% by Public. <p align=justify> Institutional holds 84.81% (Insurance Companies 5.22%) an

  • Axis Bank Ltd. - Alteration Of Capital and Fund Raising-XBRL

    8 Apr 2025, 5:47PM AXIS BANK LIMITED has informed the Exchange regarding Allotment of Securities

  • Axis Bank Ltd. - ESOP/ESOS/ESPS

    8 Apr 2025, 5:44PM Axis Bank Limited has informed the Exchange regarding Allotment of 56224 Shares.

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    8 Apr 2025, 5:38PM ALLOTMENT OF EQUITY SHARES

  • Axis Bank Ltd. - Copy of Newspaper Publication

    3 Apr 2025, 3:33PM Axis Bank Limited has informed the Exchange about Copy of Newspaper Publication

  • Axis Bank Ltd. - Notice Of Shareholders Meetings-XBRL

    2 Apr 2025, 10:52AM Axis Bank Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot

  • Axis Bank Ltd. - Shareholders meeting

    2 Apr 2025, 10:51AM Axis Bank Limited has informed the Exchange regarding Notice of Postal Ballot

  • Axis Bank Ltd. - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

    2 Apr 2025, 10:34AM Please find enclosed Notice of Postal Ballot.

  • Axis Bank Ltd. - Alteration Of Capital and Fund Raising-XBRL

    28 Mar 2025, 10:47PM AXIS BANK LIMITED has informed the Exchange regarding Allotment of Securities

  • Axis Bank Ltd. - ESOP/ESOS/ESPS

    28 Mar 2025, 10:46PM Axis Bank Limited has informed the Exchange regarding Allotment of 248819 Shares.

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    28 Mar 2025, 10:42PM ALLOTMENT OF EQUITY SHARES

  • Axis Bank Ltd. - Trading Window-XBRL

    27 Mar 2025, 10:57AM Axis Bank Limited has informed the Exchange about Closure of Trading Window

  • Axis Bank Ltd. - Trading Window

    27 Mar 2025, 10:54AM Axis Bank Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

  • Axis Bank Ltd. - Alteration Of Capital and Fund Raising-XBRL

    25 Mar 2025, 1:00PM AXIS BANK LIMITED has informed the Exchange regarding Allotment of Securities

  • Axis Bank Ltd. - Allotment of Securities

    25 Mar 2025, 12:35PM Axis Bank Limited has informed the Exchange regarding allotment of 415836 securities pursuant to ESOP/ESPS

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    25 Mar 2025, 12:28PM ALLOTMENT OF EQUITY SHARES

  • Axis Bank Ltd. - Alteration Of Capital and Fund Raising-XBRL

    19 Mar 2025, 12:47PM AXIS BANK LIMITED has informed the Exchange regarding Allotment of Securities

  • Axis Bank Ltd. - Allotment of Securities

    18 Mar 2025, 7:57PM Axis Bank Limited has informed the Exchange regarding allotment of 113069 securities pursuant to ESOP/ESPS

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    18 Mar 2025, 7:49PM ALLOTMENT OF EQUITY SHARES

  • Axis Bank Ltd. - Alteration Of Capital and Fund Raising-XBRL

    12 Mar 2025, 4:16PM AXIS BANK LIMITED has informed the Exchange regarding Allotment of Securities

  • Axis Bank Ltd. - ESOP/ESOS/ESPS

    11 Mar 2025, 8:52PM Axis Bank Limited has informed the Exchange regarding Allotment of 150636 Shares.

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    11 Mar 2025, 8:45PM ALLOTMENT OF EQUITY SHARES

  • Axis Bank Ltd. - Alteration Of Capital and Fund Raising-XBRL

    4 Mar 2025, 6:47PM Axis Bank Limited has informed the Exchange regarding Allotment of Securities

  • Axis Bank Ltd. - ESOP/ESOS/ESPS

    4 Mar 2025, 6:32PM Axis Bank Limited has informed the Exchange regarding Allotment of 46870 Shares.

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    4 Mar 2025, 6:31PM ALLOTMENT OF EQUITY SHARES

  • Axis Bank Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates

    4 Mar 2025, 1:53PM Axis Bank Limited has informed the Exchange about Presentation

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    4 Mar 2025, 1:52PM Axis Bank Limited has informed the Exchange about Presentation

  • Axis Bank Ltd. - Alteration Of Capital and Fund Raising-XBRL

    26 Feb 2025, 6:07PM Axis Bank Limited has informed the Exchange regarding Allotment of Securities

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    25 Feb 2025, 7:57PM ALLOTMENT OF EQUITY SHARES

  • Axis Bank Ltd. - ESOP/ESOS/ESPS

    25 Feb 2025, 7:54PM Axis Bank Limited has informed the Exchange regarding of 94454 Options.

  • Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    24 Feb 2025, 6:56PM Axis Bank Limited has informed the Exchange about Schedule of meet

  • Axis Bank Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates

    24 Feb 2025, 6:56PM Axis Bank Limited has informed the Exchange about Schedule of meet

  • Axis Bank

    28 Apr 2025 , 11:05AM Mr. Rajiv Anand has decided to retire as Deputy MD.

  • Axis Bank

    16 Apr 2025 , 9:52AM Board meeting on 24th April for fund raising through debt. Neutral

  • Axis Bank

    27 Feb 2025 , 10:45AM As per the media reports, the bank is considering options for sale of majority stake in Axis Finance. It currently holds 100% stake in Axis Finance and bank may seek a valuation of $900 mn - $1 bn in a potential transaction. We are factoring in similar valuation in the SOTP of Axis bank. Sentimentally Positive

  • Stock Update: Axis Bank

    17 Jan 2025 , 10:07AM Stock Update: Axis Bank – Q3FY25 Results update: Weak Q3

  • Axos Bank

    25 Oct 2024 , 10:03AM RBI has given its approval for the re-appointment of Mr. Amitabh Chaudhry as the MD & CEO of Axis Bank for a further three years, effective January 1, 2025 . Positive read through.

  • Stock Update: Axis Bank – Q2FY25 Results update

    18 Oct 2024 , 11:04AM Stock Update: Axis Bank – Q2FY25 Results update: Mixed Q2, risk reward attractive

  • Axis Bank

    20 Sep 2024 , 11:25AM SEBI bans Axis Capital from managing debt issues SEBI has restrained Axis Capital (ACL) from taking up new assignments as a merchant banker, arranger or underwriter for any issue or offer-for-sale of securities in the debt segment.

  • Axis Bank to acquire additional stake worth Rs. 336 crore in Max Life

    19 Jun 2024 , 2:22PM Acquisition of equity shares of Max Life Insurance Company

  • Axis Bank

    14 Jun 2024 , 11:39AM Mr. Sumit Bali, Group Executive-Retail Lending has resigned from the role on June 12, 2024 to pursue alternate career opportunities outside the Bank. Mr. Anuranjan Kumar, Head-Operational Health & Control appointed as Chief Compliance Officer. Mr. Bimal Bhattacharyya, Chief Compliance Officer, will take up another role within bank.

  • Axis Bank

    19 Apr 2024 , 11:45AM Axis Bank: The board meeting is scheduled at 24th April, 2024 to consider fund raising via debt / Equity.

  • Axis Bank

    9 Apr 2024 , 10:15AM Axis Bank: Bain capital likely to sell its entire stake (3.3 CR shares) via block deal today at a price which is at discount of 0.5% to the CMP. Neutral.

  • Axis Bank

    4 Mar 2024 , 12:26PM The company approved the raising of Rs 4,000 crore via long-term bonds, non-convertible debentures, and other debt instruments. The fundraise will have a base issue size of Rs 1,000 crore and a green shoe option of Rs 3,000 crore.

  • Axis Bank

    28 Feb 2024 , 10:00AM The Reserve Bank of India has approved the appointment of Mr. Munish Sharda as executive director and full-time director of the company.

  • Axis Bank

    27 Feb 2024 , 11:44AM The bank has opened 21 new branches in Karnataka.

  • Axis Bank

    22 Feb 2024 , 11:45AM Moody's affirmed the lender's long-term deposit ratings at 'Baa3' with a stable outlook. Neutral

  • Stock Update: Axis Bank – Q3FY24 Results update

    25 Jan 2024 , 11:27AM Stock Update: Axis Bank – Q3FY24 Results update: In line Q3 – Deposit growth driven by bulk deposits

  • Stock Update: Axis Bank – Q3FY24 Results update

    24 Jan 2024 , 12:03PM Stock Update: Axis Bank – Q3FY24 Results update: In line Q3 – Deposit growth driven by bulk deposits

  • Stock Update: Axis Bank

    5 Jan 2024 , 12:25PM Stock Update: Axis Bank – Standing tall in this upcycle

  • Axis Bank

    13 Dec 2023 , 10:09AM As per media reports, private equity major Bain Capital is all set to sell a further stake in the private sector lender via a fresh block deal worth $444 million. In Nov 2017, Bain Capital invested Rs. 6854 crore into bank to bolster the lender’s capital base. The private equity fund has been gradually diluting its stake in tranches via the block deal route.

  • Stock Update: Axis Bank

    24 Nov 2023 , 11:17AM Stock Update: Axis Bank : Aiming to be all-weather franchise

  • Axis Bank

    27 Oct 2023 , 11:34AM The bank has approved the appointment of Mr. Munish Sharda as a whole-time director, designated as Executive Director , for three years, with effect from November 1. His appointment is subject to the approval of the shareholders of the bank and the RBI. Also, Mr. Rakesh Makhija has ceased to be the chairman and a member of the board, with effect from October 26, on completion of his tenure.

  • Stock Update: Axis Bank

    26 Oct 2023 , 10:23AM Stock Update: Axis Bank – Q2FY24 Results update: Overall a good quarter

  • Max Financial, Axis Bank

    10 Aug 2023 , 10:13AM Axis Bank has approved to acquire balance stake in Max life Insurance at Rs 113 per share subject to IRDAI approval vs expected price of Rs. 166 per share. Our View: Now IRDAI stance would important whether they approve the deal or not.

  • Axis Bank

    15 Jun 2023 , 10:14AM Bain Capital is likely to sell 0.7% stake out of its total 1.3% holding in bank amounting to $267 million via block deal at an offer price range of Rs. 964-978. The offer price is at par the current market price so neutral read through.

  • Axis Bank

    27 Mar 2023 , 11:44AM S&P Global Ratings has reaffirmed the credit rating for Axis Bank as 'BBB-/Stable/A-3'. Positive

  • Stock Update: Axis Bank

    3 Mar 2023 , 11:06AM Stock Update: Axis Bank – Strong value proposition strengthening the core franchise

  • Axis Bank: Completes Citi transaction

    2 Mar 2023 , 10:01AM Axis Bank: Completes Citi transaction – Retain Buy

  • Axis Bank

    1 Mar 2023 , 11:50AM Bank completes acquisition of Citigroup's India consumer business for all cash consideration of Rs 11,603 crore vs earlier decided consideration of Rs. 12,325 crore. Neutral read through.

  • Axis Bank

    24 Feb 2023 , 11:08AM Management expects Citi portfolio acquisition likely to complete by March 1, 2023. Neutral read through.

  • Axis Bank

    6 Feb 2023 , 10:23AM Bank has stated that its expsoure to Adani Group stands at 0.94% of net advances. This 0.94% includes fund based, non fund based and investment book. Bank do not envisage risk of default. Exposure is primarily to the operating companies in the Ports, Transmission, Power, Gas Distribution, Roads, Airports etc. In addition, the Bank’s fund based and non-fund based outstanding towards the Group’s JVs (with a MNC in FMCG segment and with a PSU in City Gas Distribution segment) is at 0.02% and 0.25%, respectively of the Bank’s net advances. In terms of Net worth, it stands at ~7% as at Q3FY23. View: We believe that the O/S exposure is relatively elevated compared to net worth however at present the default probability appears very low.

  • Axis Bank

    14 Dec 2022 , 12:04PM Bank has received board approval for allotment of non-convertible, Basel III compliant Tier II bonds. The total fund raising would be Rs 12,000 crore at a coupon rate of 7.88 per cent per annum payable annually, on a private placement basis.

  • Axis Bank

    8 Dec 2022 , 10:52AM Bank proposes to raise funds by issuing unsecured, subordinated, non-convertible, Basel III compliant, Tier II bonds aggregating to total issue size up to Rs. 12,000 Crores.

  • CRISIL assigns 'CRISIL AAA/Stable' rating to infrastructure bonds of Axis Bank

    7 Dec 2022 , 2:58PM Rating action by CRISIL

  • Axis Bank

    22 Nov 2022 , 10:53AM S&P Global Ratings has upgraded its long-term and short-term issuer credit rating of the Bank to 'BBB-/A-3' from 'BB+/B'. The outlook on the long-term rating is stable. Positive.

  • Axis Bank

    10 Nov 2022 , 9:30AM The Specified Undertaking of the Unit Trust of India (SUUTI), under the Central Government, will sell up to 1.55% stake or 4.65 crore shares in Axis Bank via an offer for sale (OFS). Around 4.65 crore shares of Axis Bank will go on the block on 10 and 11 November, at a floor price of Rs.830.63 per share (at 5% below CMP). The offer will be concluded over Thursday and Friday, with non-retail investors bidding on the first day and retail investors on the second day. Retail quota is 10% of OFS. Our View: Stock could see some downside pressure due the OFS launched at a floor price which is 5% below CMP. We believe earnings outlook remain strong over the medium term and any weakness in the stock should be a buying opportunity. Axis Bank remains top picks in Sharkhan`s Private banks coverage.

  • Axis Bank

    26 Sep 2022 , 2:27PM Axis Bank launches co-branded credit card with Samsung India powered by VISA. It is expected to offer customers 10% cashback across all Samsung products and services round the year. This 10% per cent cashback offer will be over and above the company's offers, on both EMI and non-EMI transactions. The annual fee for the card's Signature variant is Rs 500 with taxes and for the Infinite variant is Rs 5,000 with taxes. On the Signature variant, cardholders can avail up to Rs 10,000 cashback annually, with a monthly cashback limit of Rs 2,500. On the Infinite variant, cardholders can avail up to Rs 20,000 cash back annually, with a monthly cashback limit of Rs 5,000. Samsung India and Axis Bank have also partnered with key merchants like Bigbasket, Myntra, Tata 1mg, Urban Company and Zomato to bring more rewards to cardholders on their daily spends. The card also offers complimentary airport lounge access, fuel surcharge waiver, dining offers and access to a bouquet of offers from Axis Bank and Visa. Positive

  • Axis Bank

    15 Sep 2022 , 10:47AM Bank is looking at infusing capital into its non-bank subsidiary, Axis Finance. MD & CEO said they are open to rope in PE investor for Axis Finance.

  • Axis Bank

    5 Aug 2022 , 1:02PM Bank had earlier entered into a share purchase agreement with OpenPayd Holdings Limited, for sale of 100% stake in Axis Bank UK Limited, a subsidiary of the Bank. In this connection, bank has informed that both the parties have mutually decided not to go ahead with the aforesaid transaction and accordingly have terminated the share purchase agreement. The bank will now initiate the winding up process of Axis Bank UK Limited.

  • Axis Bank

    27 Jul 2022 , 9:12AM Bank's acquisition of Citi's consumer business in India for Rs 12,325 crore gets Competition Commission of India`s (CCI) approval. The integration process is expected to be completed by Q4FY23. Positive read through towards execution of deal. Piramal Enterprises Ltd (PEL): The company received licence from the Reserve Bank of India (RBI) on July 26, 2022, to launch a non-banking finance company (NBFC). However, PEL can't accept public deposits from the public. Positive.

  • Axis Bank

    13 Jul 2022 , 12:22PM Axis Bank: Mr. Rakesh Makhija reappointed as Non- Executive (Part-time) Chairman of the Bank, upto October 26, 2023.

  • Axis Bank

    27 Jun 2022 , 10:07AM Axis Bank: RBI approves re-appointment of Mr. Rajiv Anand as the Deputy Managing Director of the bank, for a further period of three years till Aug, 3, 2025.

  • Stock Update: Axis Bank

    20 Jun 2022 , 11:05AM Stock Update: Axis Bank – Improved outlook, attractive risk-reward

  • Axis Bank

    18 May 2022 , 2:20PM Axis Bank hikes MCLR across tenures by 35 bps. Positive read through

  • Stock Update: Axis Bank – Q4FY22 results review

    29 Apr 2022 , 10:18AM Stock Update: Axis Bank – Q4FY22 results review: Asset quality improves, higher opex dents operating profit

  • Stock update: Axis Bank

    1 Apr 2022 , 9:56AM Stock update: Axis Bank - Citi biz acquisition to bring in synergies

  • Stock update: Axis Bank

    25 Jan 2022 , 11:10AM Stock update: Axis Bank- Accelerating growth with improving asset quality

  • Axis Bank

    18 Jan 2022 , 9:42AM The bank emerged as the frontrunner to buy Citi's consumer business in India. Citi said last year that it would exit its consumer franchises in 13 markets, including India as it refocuses on its more lucrative institutional and wealth management businesses. Its Indian consumer banking business comprises credit cards, credit cards, home loans and retail banking. This acquisition would strengthen the high-end credit and mortgage businesses of Axis Bank. Positive.

  • Axis Bank

    28 Dec 2021 , 10:36AM Axis Bank: RBI approved the re-designation of Mr. Rajiv Anand as the Deputy Managing Director of the bank till August 3, 2022. He is Executive Director (Wholesale Banking) of the bank since December 2018. Positive.

  • Axis Bank

    21 Dec 2021 , 10:31AM As per the media reports, Axis Bank has emerged as the frontrunner to buy Citi's consumer business. Kotak Mahindra Bank and IndusInd Bank have also been contenders for the Citi's consumer business. The Citi's business comprises credit cards, retail banking, home loans and wealth management and has 35 branches in the country. As on March 2021, the loan book stood at Rs. 68,800 cr. with Rs. 28,000 cr as retail loans. These primarily included cards, mortgages and personal mortgages. In a regulatory filing, Axis Bank said that it would raise Rs. 5,000 cr by issuing bonds. Positive.

  • Axis Bank to raise up to Rs. 5,000 cr via non-convertible debentures

    20 Dec 2021 , 12:01PM Axis Bank to raise funds by issuing Senior Unsecured Taxable Redeemable Non- Convertible Debentures

  • Stock Update: Axis Bank update

    15 Dec 2021 , 11:41AM Stock Update: Axis Bank update-Reasonable valuation, improved earnings trajectory

  • Axis Bank, NIIT IFBI launch a new program on Virtual Sales and Relationship Management

    30 Sep 2021 , 11:51AM The new program on Virtual Sales and Relationship Management is a combination of virtual training and on-the-job learning, to make future-ready banking professionals

  • Axis Bank

    19 May 2021 , 2:40PM Axis Bank: The Centre is selling up to 58 million shares in Axis Bank, held via the Specified Undertaking of the Unit Trust of India (SUUTI) to raise around Rs 4,000 crore. These shares would be sold through the offer for sale (OFS) route. The OFS will open for non-retail investors on Wednesday, while retail investors can bid on Thursday. The government is selling 35 million shares, or 1.21% stake, in the company as a base offer with a green-shoe option of 22 million shares, or 0.74% stake, at a floor price of Rs 680 apiece. SUUTI had held a 9.56% stake in Axis Bank as of December 31, 2018. It reduced the stake to 3.45% as of March 31, 2021. SUUTI sold 6.14 million shares of Axis Bank in December last year, garnering Rs 374 for the government and in November, it had sold 3.6 million shares for a consideration of Rs 221.47 crore.

  • Axis Bank

    29 Apr 2021 , 11:23AM Axis Bank: The New India Assurance Co Ltd (NIACL) has been reclassified as a ‘public shareholder’ of Axis Bank from being a ‘promoter’ earlier, the bank said.

  • Axis Bank – Q4FY2021 Result Review

    28 Apr 2021 , 10:54AM Axis Bank – Q4FY2021 Result Review – Strong performance

  • Axis Bank

    1 Apr 2021 , 10:48AM The bank has entered into a share purchase agreement for the sale of 100 percent stake in its subsidiary, Axis Bank UK Ltd to OpenPayd Holdings Ltd.

  • Axis Bank

    15 Mar 2021 , 11:52AM Axis Bank: The bank will pick up a 9.9 % stake in Fettle Tone LLP, a promoter of Max Bupa Health Insurance Company, for Rs 90.8 crore to strengthen is insurance business. Max Bupa Health Insurance (MBHI) is as a joint venture between private equity group True North and Bupa, a global health insurance and healthcare company. Fettle Tone LLP is a special purpose vehicle (SPV) set up by True North Fund; it holds a 55.6 % stake in health insurance company. The definitive agreements in connection with the proposed acquisition have been executed by Axis Bank Limited on March 13, 2021 and the acquisition is proposed to be completed on or before March 17, 2021.

  • Axis Bank

    4 Mar 2021 , 12:04PM The bank has said it has partnered with the popular social messaging app WhatsApp and will allow basic banking services, including account balance, and transactions history via the app. The service will allow customers to seek information regarding their account balance, recent transactions, credit card payments, fixed and recurring deposit details, besides getting their queries answered in real-time. The facilities will be available to both the bank and non-bank customers

  • Axis Bank

    1 Mar 2021 , 10:28AM The bank has decided that the United India Insurance Company Limited (UIICL; holding 0.03% of the bank stake), from one of the Promoters of the Bank, to reclassify UIICL to 'Public' category from 'Promoter' category, subject to necessary approvals.

  • Max Financial Services, Axis Bank

    25 Feb 2021 , 9:30AM Max Financial Services Limited (MFS) announced that the Insurance Regulatory and Development Authority of India (IRDAI) has given its formal approval for the acquisition of up to 12% stake in Max Life Insurance Company (Max Life) by Axis Bank and its subsidiaries. The IRDAI approval was an integral step in this long-awaited joint venture transaction which was first announced in April 2020. As per the proposed transaction, Axis Entities have the right to acquire up to 19% stake in Max Life, of which, Axis Bank proposes to acquire up to 9%, and Axis Capital Limited and Axis Securities Limited together propose to acquire up to 3% with Axis Entities having right to acquire an additional stake of up to 7% in Max Life.

  • Axis Bank

    23 Feb 2021 , 1:44PM As per media report management in a media interaction stated that Q4 slippages to be lower than Q3.Covid wave could hit recovery pace but the bank continue to maintain earlier stated stand of lower slippages in Q4.Aim to grow next year however if economy slowdown then it will impact loan aggregation. Growth in wholesale lending was tepid on account of focused approach on improving NIMs. Retail loan registered highest ever disbursement in December month. Management does not have intention to grow at the cost of margin or asset quality. Management is anticipating IRDA approval for max deal .The Bank is also looking for inorganic opportunity at right price. Quality of loan among best in the industry. The Bank has no plan of capital raising.

  • Axis Bank – Stock Update

    17 Feb 2021 , 10:56AM Axis Bank – Stock Update: Well-placed to revert to growth

  • Axis Bank

    17 Feb 2021 , 10:23AM The bank has paid Rs 41.4 lakh to Sebi to settle its case of non-disclosure of information relating to offloading of the bank's shares by one of its promoters United India Insurance Company(UIIC). The non-life insurer also paid Rs 10.1 lakh to the regulator to settle the same case. Under Sebi rules, Axis Bank was required to disclose the same to the stock exchange within two trading days of the receipt of the disclosure from UIIC, but the bank had informed with a long delay.

  • Axis Bank

    2 Feb 2021 , 10:05AM CRISIL Ratings has reaffirmed its ‘CRISIL AAA/CRISIL AA+/Stable/CRISIL A1+’ ratings on the debt instruments of Axis Bank Limited (Axis bank). The ratings continue to reflect the bank's strong capitalization and strong market position and its comfortable resource profile. These strengths are partly tempered by the average asset quality.

  • Axis Bank – Q3 FY2021 Result Update

    28 Jan 2021 , 11:54AM Axis Bank – Q3 FY2021 Result Update – In-line Q3; prudent provisioning a positive

  • Axis Bank

    18 Dec 2020 , 11:33AM As per media reports, the bank has said it could see an increase in retail nonperforming loans in the third and fourth quarters of this financial year before the situation normalises in 2021-22. However, non-performing loans were much lower than what was feared at the start of the Covid-19 pandemic, it said. He said job losses and salary cuts were hurting the retail book but the situation would improve by 2021-22. The bank has been reporting collection efficiencies of more than 95% after the six-month moratorium period ended in August. Retail advances contributed more than half to the lender’s total portfolio. The bank had reported GNPA of 0.7% on its retail book at the end of September. The number of restructuring requests continue to be low and bank will have a better visibility by the end of this month.

  • Axis Bank

    15 Dec 2020 , 3:03PM The bank has clarified about an article/video being circulated on social media concerning SREI Group and Axis Bank. The bank has stated that the details provided about Axis Bank’s exposure are false and misleading. The bank is also contemplating legal action against the publishers.

  • Axis Bank

    15 Dec 2020 , 2:49PM The bank has clarified about an article/video being circulated on social media concerning SREI Group and Axis Bank. The bank has stated that the details provided about Axis Bank’s exposure are false and misleading. The bank is also contemplating legal action against the publishers.

  • Axis Bank

    15 Dec 2020 , 11:33AM Axis Bank: the bank has shared that its digital banking is picking up under the initiative OPEN

  • Axis Bank

    10 Dec 2020 , 12:44PM As per media reports, the bank has stated that it was seeing improvement overall. Since July, disbursals have grown three times and reached 90% of pre-Covid levels in Q2 and in October and November, it saw disbursal numbers equal to or better than pre-Covid levels in some asset classes. Segments doing well included Home loans, loans against property, and auto loans are the top three in the secured loans segment. The bank also expects demand for car loans to pick up because of year-end offers from manufacturers. The demand for home loan is rising steadily and this is expected to continue. Collections are better than bank’s earlier projections. In secured loans, collections are almost at pre-Covid levels and even on the unsecured side, they were only slightly below pre-Covid levels.

  • Axis Bank

    6 Nov 2020 , 11:04AM Axis Bank Limited has executed an agreement for subscribing to 57,743 equity shares to be issued by CSC e-Governance Services India Limited at Rs. 6,300 per equity share amounting to Rs 36 crores. Post the acquisition, Axis Bank will have 9.91% share in the company.

  • Axis Bank Q2 FY21 – Result Update

    29 Oct 2020 , 11:59AM Axis Bank Q2 FY21 – Result Update – Strong Q2, Outlook improves

  • Axis Bank

    7 Oct 2020 , 10:30AM As per media reports, India’s third-largest private lender is joining its larger rivals in offering pay hikes to staff despite the coronavirus pandemic which threatens profit growth. Axis Bank Ltd. will look to increase staff salaries between 4% and 12% from Oct. 1 based on performance. The bank has about 76,000 employees, has also paid bonuses to its staff. Earlier, HDFC Bank and ICICI Bank too had paid hikes and bonuses to their staff as per media reports.

  • Axis Bank

    15 Sep 2020 , 10:04AM As announced earlier by the bank regarding the resignation of Shri Pralay Mondal, as the Executive Director (Retail Banking) of the Bank, with effect from 14th September 2020, hence Shri Pralay Mondal has ceased to be the Executive Director (Retail Banking) of the Bank. As per media reports, Mr Monal will likely be joining another Private Bank in a senior leadership position.

  • Axis Bank, Max Financial Services

    3 Sep 2020 , 12:16PM As per media reports, the sharp discount in the proposed valuation of Max Life Insurance Co. Ltd (MLI) has attracted the attention of the country’s insurance regulator, which has decided to seek more details of the transaction. Earlier, in March, Mitsui Sumitomo Insurance (MSI) had agreed to sell its Max Life shares at Rs 108 per share. A month later, Axis Bank agreed to increase its Max Life stake from 1% to 30% at Rs 28.61, pricing the same shares at a steep discount.

  • Axis Bank to buy equity share capital of Max Life

    24 Aug 2020 , 5:02PM Axis Bank proposes to acquire 17% of equity share capital of Max Life

  • Axis Bank

    20 Aug 2020 , 9:12AM As per media reports, Private equity giant Carlyle is looking to invest Rs 5,000 crore in Axis Bank. Both sides are negotiating a deal at Rs 450 a share though the blended (inclusive of warrants) price. Carlyle will be issued new shares and allotted warrants that convert over a 18-24 month period. It is also negotiating for at least one board seat.

  • Axis Bank

    11 Aug 2020 , 11:13AM The bank’s board has approved the allotment of 23.80 crore Equity Shares at a price of Rs. 420.10 per Equity Share, aggregating to Rs. 10,000 crores, to successful eligible Qualified Institutional Buyers. Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Bank stands increased from Rs. 564.41 (282.20 equity shares of Rs. 2/- each) to Rs. 612.01 (306.00 equity shares of Rs. 2/- each).

  • Axis Bank raises Rs. 10,000 cr via QIP

    11 Aug 2020 , 10:59AM Axis Bank raises Rs. 10,000 crore through qualified institutions placement (QIP) issue on 10 August 2020

  • Axis Bank

    5 Aug 2020 , 10:09AM The bank has approved the launch of its QIP at floor price of Rs 442.19 per share (LTP Rs 429; Floor price higher by 3%) and is inviting bids. However, the Bank may, offer a discount of max 5% to the said Floor Price. Last month, the bank had taken an enabling resolution to raise up to Rs 15,000 crore via the equity route. However, as per media reports the bank is likely to raise around Rs 10,000 crore. The meeting of the Committee of Whole-Time Directors of the Bank will be held on Monday, 10th August 2020 to consider and approve, the issue price for the Equity Shares proposed to be issued pursuant to the Issue. Axis Bank earlier had earlier done a QIP of Rs 12,500 crores in September 2019, at an issue price of Rs 629 per share (at a discount of 4.91% to the floor price of Rs 661.50 per unit).

  • Axis Bank

    23 Jul 2020 , 9:58AM The bank has seen another high level management team exit. Mr Naveen Tahiliyani, one of the key appointments made by the bank’s CEO Amitabh Chaudhry, has resigned as the Group Executive and Head of Banking Operations and Transformation. He will be stepping down in November to pursue opportunities outside the bank.

  • Axis Bank

    22 Jul 2020 , 9:06AM Axis Bank – Q1 FY21 Result Update: Report Title: Well- prepared to overcome medium term challenges

  • Axis Bank to wind up business in UK

    3 Jul 2020 , 12:23PM Closure of Axis Bank UK Ltd, subsidiary of Axis Bank

  • Axis Bank

    3 Jul 2020 , 11:33AM The ban will wind down and close the operations of its subsidiary Axis Bank UK Limited and is targeting for surrendering of the banking licence by end of April 2021, which has been reviewed with the UK regulators. The decision will not have any material impact on the operations or the financial position of the bank

  • Axis Bank

    2 Jul 2020 , 12:07PM The bank’s Board has approved the proposal relating to raising of funds not exceeding Rs 15,000 crores through issue of equity shares/ depository receipts etc through Qualified Institutions Placement (QIP)/ American Depository Receipts (ADRs)/ Global Depository Receipts (GDRs) program, preferential allotment etc. The same is subject to the approval of the Shareholders at the ensuing Annual General Meeting (AGM) of the Bank, which will be held on Friday, 31st July 2020.

  • Axis Bank to raise up to Rs. 15,000 crore

    2 Jul 2020 , 10:46AM Board of Axis Bank at its meeting held on July 2 approves the proposal relating to raising of funds not exceeding Rs. 15,000 crore

  • Axis Bank

    2 Jul 2020 , 9:04AM The bank board meeting is to be held today to explore the option of raising capital and as per media reports the Bank is likely to announce a share sale to raise $1.5 billion (approx. Rs 11,333 crore), by issue of equity shares/ depository receipts etc through Qualified Institutions Placement (QIP)/ ADR / GDR etc. Earlier, Axis Bank had raised Rs 12,500 crore in September 2019 (QIP issuance price of Rs 629 per share, at a discount of 4.9 % to the floor price of Rs 661.50 per unit). As per media reports, PE players like Bain (holds 3.46% already), Carlyle etc were looking to invest in the bank.

  • Axis Bank board to consider fund-raising

    30 Jun 2020 , 9:53AM Axis Bank to hold board meeting on July 2, to consider fund raising

  • Axis Bank

    30 Jun 2020 , 9:15AM The bank board is to meet on 2nd July 2020 to explore the option of raising capital by issue of equity shares/ depository receipts etc through Qualified Institutions Placement (QIP)/ ADR / GDR etc. Earlier, Axis Bank had raised Rs 12,500 crore in September 2019 (QIP issuance price of Rs 629 per share, at a discount of 4.9 % to the floor price of Rs 661.50 per unit). As per media reports in May, PE players like Bain, Carlyle etc were looking to invest in the bank.

  • Axis Bank

    16 Jun 2020 , 10:08AM The bank has informed that Mr Pralay Mondal, Executive Director (Retail Banking) of the Bank, has resigned from the services of the Bank, with effect from the close of business hours on Monday, 14th September 2020.

  • Axis Bank

    27 May 2020 , 9:40AM As per media reports, Private equity (PE) major Carlyle is in talks with Axis Bank to invest around Rs 7600 crores for around 8% stake in the bank.

  • Max Financial Services Limited, Axis Bank

    14 May 2020 , 11:19AM MFSL disclosed it has settled a long pending income tax case and has paid Rs 123.78 Cr. for settling the litigation involving capital gains from the stake sale of its erstwhile telecom joint venture Hutchison Max Telecom Ltd. – The payment clears a tax dues contingent liability that has been reported on the company's books since long time. The move also paves way for the proposed strategic stake acquisition by Axis Bank in Max Life Insurance

  • ITC, Axis Bank

    6 May 2020 , 9:14AM According to media reports, the government is seeking to raise around to Rs 22,000 crore by selling its entire stake in ITC and Axis bank and is hoping to complete the transaction by the end of this week or early next week. The government holds 7.94% in ITC and 4.69% in Axis bank through Specified Undertaking of the Unit Trust of India (SUUTI).

  • Axis Bank

    30 Apr 2020 , 10:10AM Bank has re-appointed Mr Rakesh Makhija as an independent director. The Board also approved the appointment of Shri Rajiv Anand, ED - Wholesale Banking, Shri Rajesh Dahiya ED - Corporate Centre and Shri Pralay Mondal, ED - Retail Banking as whole-time Key Managerial Personnel of the Bank.

  • Axis Bank

    29 Apr 2020 , 9:08AM Axis Bank Q4 FY20 Result Review : Stock Update: Mixed quarter, provisioning indicates challenges ahead

  • Axis Bank enters into agreement with MFSL

    28 Apr 2020 , 11:09AM Axis Bank to acquire 29% stake of Max Life Insurance Co from Max Financial Services

  • Axis Bank

    31 Mar 2020 , 10:15AM As per media reports, Bain Capital which holds share in Axis bank had pledge them and Due to recent price correction, Bain capital might be require additional collateral. Sentimentally-negative for axis bank. If the negotiation do not work out then it may result in increased supply of shares in open market.

  • Axis Bank

    24 Mar 2020 , 9:42AM Axis Bank management had a concall to discuss their assessment of on Covid-19 impact. Given below are the key highlights:

  • ITC, Axis Bank

    12 Mar 2020 , 10:21AM As per media reports, the Centre will offload around Rs 8,000 crore worth of stake in Axis Bank and ITC through Specified Undertaking of Unit Trust of India (SUUTI) before March 31 to help it meet the revised divestment target for 2019-20 (FY20) of Rs 65,000 crore. The Centre currently owns ~4.7% in Axis Bank and 7.93% in ITC through SUUTI. – Sentimentally Negative for the stocks as the equity supply may increase in the immediate term which is likely to put pressure on the stock price.

  • Axis Bank appoints new CFO

    27 Feb 2020 , 12:07PM Appointment of Shri Puneet Sharma as CFO of Axis Bank

  • Max Financial Services, Axis Bank

    20 Feb 2020 , 10:48AM Max Financial Services, Axis Bank: As per media reports Max Financial Services (MFS) and Max Life Insurance (MLI) have called a joint board meeting on Thursday. The two companies are likely to discuss a proposal under which Axis Bank is expected acquire a part stake belonging to Analjit Singh in MFS. Mr Singh, owns 28.31 % stake in MFS and ~71% of his holding is pledged.

  • Axis Bank Q3FY2020 Results

    23 Jan 2020 , 10:42AM Stock Update - Steady performance

  • Axis Bank

    23 Oct 2019 , 12:17PM Axis Bank: Q2FY20 result Update - Strong operating performance

  • MSCI, FTSE increases weight of Axis Bank

    1 Oct 2019 , 10:49AM Axis Bank: As per media reports, MSCI and FTSE have increased weight of Axis Bank in MSCI India & FTSE all world Index. MSCI to increase weight by approx. 8.5% while FTSE increase weight by approx. 6.5% - Positive read thru. The increased weight is likely to result in additional buying today in the stock

  • Govt continue with plans of stake sale in Axis bank

    27 Sep 2019 , 1:40PM Axis Bank: As per media reports, the govt is to continue with plans of stake sale in Axis bank via Bharat ETF– Sentimentally Negative for the stock.

  • Govt likely to sell its SUUTI stake in Axis Bank in two tranches

    26 Sep 2019 , 10:44AM Axis Bank: As per media reports, the government is mulling to sell partial stake in Axis Bank held by SUUTI in two tranches, where the first sale may be via Bharat ETF in October. The rest of the stake sale would take place via OFS subsequently. As per BSE filings, SUUTI holds 5.36% stake in Axis Bank. Additionally, LIC of India holds 10.37% in Axis Bank. – Sentimentally Negative only, long term story intact

  • Axis Bank raises Rs. 12,500 crore via QIP

    23 Sep 2019 , 2:26PM Axis Bank rises by 7% to Rs. 727.15, raises fund via a QIP

  • Axis Bank: Q1FY20 Result Update

    31 Jul 2019 , 11:38AM Axis Bank: Q1FY20 Result Update - Niggles appear on the Asset quality front

  • Axis Bank appoints Citi, JPMorgan, Axis Capital for $1.3-billion share sale

    11 Jul 2019 , 11:47AM Axis Bank: As per media news, Axis Bank has appointed Citigroup, JPMorgan and its investment banking arm Axis Capital as investment banks to help it raise up to Rs ~8,840 crore through a share sale. This will improve Bank’s Tier I ratio by ~150 bps from 12.5% as of Mar 2019 – Positive read thru

  • Axis Bank to consider raising funds via debt instruments

    27 Mar 2019 , 11:53AM Board to meet on April 25 to recommend final dividend

  • Axis Bank appoints Rakesh Makhija as non-executive chairman

    13 Mar 2019 , 2:33PM Board approves the appointment of Rakesh Makhija

  • Axis bank may look to raise its stake in Max life

    22 Feb 2019 , 10:00AM Axis Bank – As per media reports, bank may take inorganic route to venture in insurance space, as per news piece Axis bank may look to raise its stake in Max life insurance which is a JV between Max financial services (MFS) and Mitsui Sumitomo Insurance Company (MSI). Currently, MFS holds 72%, MSI holds 26%, and Axis Bank holds 2% stake in Max life insurance – Positive read thru for Axis bank and Max Financials.

  • RBI imposes fine on Axis Bank and Syndicate Bank

    6 Feb 2019 , 11:10AM Axis Bank, Syndicate Bank :The RBI has imposed a total of Rs 2.2 crore fine on Axis Bank (in 2 cases) and Rs 1 crore fine on Syndicate Bank for non compliance of due procedures relating to payments via cheques. - Sentimentally Negative.

  • Axis Bank appoints Amitabh Chaudhry as MD & CEO

    10 Sep 2018 , 11:55AM Axis Bank, HDFC Life: Axis Bank appoints Amitabh Chaudhry as MD & CEO – Positive Read thru

  • Axis Bank appoints Amitabh Chaudhry as MD & CEO

    10 Sep 2018 , 10:01AM Axis Bank announces that Amitabh Chaudhry has been appointed as Managing Director & CEO from January 1, 2019 for a period of three years

  • Axis Bank: Q1FY19 result update

    31 Jul 2018 , 1:29PM Axis Bank: Q1FY19 result update - Encouraging performance

  • Disappointing performance warrants caution for Axis Bank

    27 Apr 2018 , 11:59AM We thus downgrade our rating to Reduce with a revised PT of 450.

  • Axis Bank gains after CEO cuts tenure to 7-months

    10 Apr 2018 , 12:26PM Axis Bank rises by 5% at Rs543.2, after its MD and CEO Shikha Sharma wants her new term to be reduce to seven months from three-year tenure

  • Axis Bank approaches RBI for Sharma's reduction in fourth term

    10 Apr 2018 , 9:54AM Sentimentally negative for Axis Bank as hunt for her successor is going on.

  • The Reserve Bank of India has asked the Axis Bank board to reconsider the fourth three-year term it gave CEO Shikha Sharma last year, as per media reports.

    2 Apr 2018 , 11:10AM Sentimentally negative for Axis Bank.

  • 2 top executives at Axis Bank resign

    22 Mar 2018 , 9:55AM Sentimentally negative as wo top executives at Axis Bank Ltd Sidharth Rath, head of corporate and transaction banking, and V. Srinivasan, deputy managing director, have resigned.

  • DoT has barred Telecom operators from taking bank guarantees

    20 Mar 2018 , 9:42AM Sentimentally Negative for Axis Bank as DoT has barred Telecom operators from taking bank guarantees from Axis Bank.

  • Axis Bank introduces 6% interest rate on savings deposits

    19 Mar 2018 , 3:11PM Negative read through for Axis Bank as it introduces 6% interest rate on savings deposits above Rs.10 crore

  • Reserve Bank imposes Rs 3 crore penalty on Axis Bank

    6 Mar 2018 , 9:17AM Negative read through for Axis Bank as the Reserve Bank of India on has imposed a penalty of Rs 3 crore on Axis Bank for non-compliance of income recognition and asset classification (IRAC) norms.

  • Axis Bank sells 20 lakh shares of NSDL

    9 Feb 2018 , 4:37PM Positive read through for Axis Bank as it sold 20 lakh shares of NSDL at Rs 825 each for Rs 165 crore.

  • Axis Bank on the lookout for acquiring a life insurance business

    10 Jan 2018 , 9:18AM Sentimentally Positive for Axis Bank as an insurance arm will be a critical positive addition to its offering. Sentimentally Positive for IDBI Bank, Federal Bank who are interested in divesting their Insurance JV. Sentimentally Negative for Max Financials.

  • Axis Bank plans to sell Rs.2000 cr to Bhushan Steel

    2 Jan 2018 , 5:32PM Sentimentally positive as Axis Bank plans to sell Rs.2000 crore exposure towards Bhushan Steel.

  • SEBI has issued directions to Axis Bank

    28 Dec 2017 , 11:07AM Neutral read through for Axis bank as it is to conduct an internal inquiry into leakage of unpublished information.

  • Axis Bank shareholders approve raising Rs. 11,626 crore

    11 Dec 2017 , 9:19AM Positive read through for Axis Bank as the shareholders plan raising fund from marquee investors.

  • Axis Bank keeps MCLR unchanged

    17 Nov 2017 , 2:31PM Axis Bank announces that it has review and decided to keep the marginal cost of funds based lending rate unchanged across the tenures

  • Axis Bank to raise Rs11625 Cr via issuing equity shares

    13 Nov 2017 , 8:58AM Positive for Axis Bank as it will add ~215BPS to CRAR.

  • Axis Bank's board meeting to be held today to consider fund raising

    10 Nov 2017 , 8:44AM Positive read through for Axis Bank as the bank’s board will meet today to consider raising of funds by issue of equity/equity linked securities etc.

  • Axis Bank mulls to raise fund; stk up

    8 Nov 2017 , 11:32AM Axis Bank rises by 4.32% at Rs549.9, as board to consider raising of funds by issue of equity/equity linked securities through permissible mode at an appropriate time

  • Axis Bank's 5% stake interests GIC and California Pension Fund

    1 Nov 2017 , 8:50AM Positive news for Axis Bank as huge infusion of $1.5-2 billion of equity capital would help bank address NPA issues as well as boost its equity capital for growth in future

  • Axis Bank up on reports of PE investment plan

    31 Oct 2017 , 12:14PM Axis Bank rises over 6% at Rs515.55, on reports that the private equity (PE) firm Bain Capital is eyeing stake in the private sector lender

  • Axis Bank seen as an investment opportunity by Bain Capital

    31 Oct 2017 , 9:02AM Sentimentally positive news for Axis Bank as the deal will be among biggest private equity deals in the banking sector in India.

  • Axis Bank: Q2FY18 result update

    18 Oct 2017 , 10:00AM Sharp deterioration in Asset quality weighs down on performance

  • Axis Bank completes acquisition of digital payments platform

    9 Oct 2017 , 10:51AM Axis Bank has completed acquisition of digital payments platform ‘FreeCharge’ for Rs373.2 crore – sentimentally positive for Axis Bank.

  • Axis Bank – Stock update: Glimmer of light at the end of NPA tunnel

    30 Jun 2017 , 10:38AM Mixed outlook continues for Axis bank, where while we expect Axis Bank to gradually improve on the asset quality front, with lower net slippages and better credit demand in the H2 FY18E

  • Axis Bank surges after raising fund

    29 Jun 2017 , 10:43AM Axis Bank rises by 4% to Rs514.15, after raised Rs3,500 crore by issuing debt securities on a private placement basis
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Key fundamentals

Evaluate the intrinsic value of Axis Bank Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 1477208.6006 1317325.532 1175178.1088 996118.4206 915164.8161
Liabilities 1477208.6006 1317325.532 1175178.1088 996118.4206 915164.8161
Equity 617.3141 615.3704 613.9496 612.7497 564.3356
Gross Profit 11951.8572 13499.4587 3170.3787 -5084.1996 -9859.3845
Net Profit 24861.4332 9579.6785 13025.4784 6588.5006 1627.2154
Cash From Operating Activities 6460.6826 26902.1103 33951.2654 13582.6442 29613.2771
NPM(%) 22.73 11.24 19.33 10.35 2.59
Revenue 109368.6327 85163.7656 67376.8296 63645.291 62635.1574
Expenses 97416.7755 71664.3069 64206.4509 68729.4906 72494.5419
ROE(%) 14.5 5.58 7.59 3.84 0.94

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
1 50 0.08 1207.1
12 Jul 2024 1 50 0.08 1063.25
07 Jul 2023 1 50 0.08 881.4
07 Jul 2022 1 50 0.08 779.8
04 Jul 2019 1 50 0.08 740.9
06 Jul 2017 5 250 0.08 509.65
07 Jul 2016 5 250 0.08 480.2
09 Jul 2015 4.6 230 0.08 551.95
12 Jun 2014 20 200 0.08 1532.7
05 Jul 2013 18 180 0.08 1503.4
14 Jun 2012 16 160 0.08 1104
20 May 2010 12 120 0.08 1187
14 May 2009 10 100 0.08 509.85
22 May 2008 6 60 0.08 881.55
17 May 2007 4.5 45 0.08 465.1
16 May 2006 3.5 35 0.08 335.25
20 May 2005 2.8 28 0.08 236.8
28 May 2004 2.5 25 0.08 159.85
09 Jun 2003 2.2 22 0.08 46.95
26 Jun 2002 0 20 0.08 39.6
0 12 0.08 35.85
0 10 0.08 14.1

Peers

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Company Info

1993 - The Bank was incorporated on 3rd December and Certificate of business on 14th December. The Bank transacts banking business of all description. UTI Bank Ltd. was promoted by Unit Trust of India, Life Insurance Corporation of India, General Insurance Corporation of India and its four subsidiaries. - The bank was the first private sector bank to get a license under the new guidelines issued by the RBI. 1997 - The Bank obtained license to act as Depository Participant with NSDL and applied for registration with SEBI to act as `Trustee to Debenture Holders'. - Rupees 100 crores was contributed by UTI, the rest from LIC Rs 7.5 crores, GIC and its four subsidiaries Rs 1.5 crores each. 1998 - The Bank has 28 branches in urban and semi urban areas as on 31st July. All the branches are fully computerised and networked through VSAT. ATM services are available in 27 branches. - The Bank came out with a public issue of 1,50,00,000 No. of equity shares of Rs 10 each at a premium of Rs 11 per share aggregating to Rs 31.50 crores and Offer for sale of 2,00,00,000 No. of equity shares for cash at a price of Rs 21 per share. Out of the public issue 2,20,000 shares were reserved for allotment on preferencial basis to employees of UTI Bank. Balance of 3,47,80,000 shares were offered to the public. - The company offers ATM cards, using which account-holders can withdraw money from any of the bank's ATMs across the country which are inter-connected by VSAT. - UTI Bank has launched a new retail product with operational flexibility for its customers. - UTI Bank will sign a co-brand agreement with the market, leader, Citibank NA for entering into the highly promising credit card business. - UTI Bank promoted by India's pioneer mutual fund Unit Trust of India along with LIC, GIC and its four subsidiaries. 1999 - UTI Bank and Citibank have launched an international co-branded credit card. - UTI Bank and Citibank have come together to launch an international co-branded credit card under the MasterCard umbrella. - UTI Bank Ltd has inaugurated an off site ATM at Ashok Nagar here, taking the total number of its off site ATMs to 13.m 2000 - The Bank has announced the launch of Tele-Depository Services for its depository clients. - UTI Bank has launch of `iConnect', its Internet banking Product. - UTI Bank has signed a memorandum of understanding with equitymaster.com for e-broking activities of the site. - Infinity.com financial Securities Ltd., an e-broking outfit is typing up with UTI Bank for a banking interface. - Geojit Securities Ltd, the first company to start online trading services, has signed a MoU with UTI Bank to enable investors to buy\sell demat stocks through the company's website. - Indiabulls has signed a memorandum of understanding with UTI Bank. - UTI Bank has entered into an agreement with Stock Holding Corporation of India for providing loans against shares to SCHCIL's customers and funding investors in public and rights issues. - ICRA has upgraded the rating og UTI Bank's Rs 500-crore certificate of deposit programme to A1 . - UTI Bank has tied up with L&T Trade.com for providing customised online trading solution for brokers. 2001 - UTI Bank launched a private placement of non-convertible debentures to raise up to Rs 75 crore. - UTI Bank has opened two offsite ATMs and one extension counter with an ATM in Mangalore, taking its total number of ATMs across the country to 355. - UTI Bank has recorded a 62 per cent rise in net profit for the quarter ended September 30, 2001, at Rs 30.95 crore. For the second quarter ended September 30, 2000, the net profit was Rs 19.08 crore. The total income of the bank during the quarter was up 53 per cent at Rs 366.25 crore. 2002 - UTI Bank Ltd has informed BSE that Shri B R Barwale has resigned as a Director of the Bank w.e.f. January 02, 2002. A C Shah, former chairman of Bank of Baroda, also retired from the bank's board in the third quarter of last year. His place continues to be vacant. M Damodaran took over as the director of the board after taking in the reins of UTI. B S Pandit has also joined the bank's board subsequent to the retirement of K G Vassal. - UTI Bank Ltd has informed that Shri Paul Fletcher has been appointed as an Additional Director Nominee of CDC Financial Service (Mauritius) Ltd of the Bank.And Shri Donald Peck has been appointed as an Additional Director (nominee of South Asia Regional Fund) of the Bank. - UTI Bank Ltd has informed that on laying down the office of Chairman of LIC on being appointed as Chairman of SEBI, Shri G N Bajpai, Nominee Director of LIC has resigned as a Director of the Bank. 2002 - B Paranjpe & Abid Hussain cease to be the Directors of UTI Bank. - UTI Bank Ltd has informed that in the meeting of the Board of Directors following decisions were taken: Mr Yash Mahajan, Vice Chairman and Managing Director of Punjab Tractors Ltd was appointed as an Additional Director with immediate effect. Mr N C Singhal former Vice Chairman and Managing Director of SCICI was appointed as an Additional Director with immediate effect. -ABN Amro, UTI Bank in pact to share ATMs. -UTI Bank Ltd has informed BSE that a meeting of the Board of Directors of the Bank is scheduled to be held on October 24, 2002 to consider and take on record the unaudited half yearly/quarterly financial results of the Bank for the half year/Quarter ended September 30, 2002. -UTI Bank Ltd has informed that Shri J M Trivedi has been appointed as an alternate director to Shri Donald Peck with effect from November 2, 2002. 2003 -UTI Bank Ltd has informed BSE that at the meeting of the Board of Directors of the company held on January 16, 2003, Shri R N Bharadwaj, Managing Director of LIC has been appointed as an Additional Director of the Bank with immediate effect. - UTI Bank, the private sector bank has opeaned a branch at Nellore. The bank's Chairman and Managing Director, Dr P.J. Nayak, inaugurating the bank branch at GT Road on May 26. Speaking on the occasion, Dr Nayak said, "This marks another step towards the extensive customer banking focus that we are providing across the country and reinforces our commitment to bring superior banking services, marked by convenience and closeness to customers. -UTI Bank Ltd. has informed the Exchange that at its meeting held on June 25, 2003 the BOD have decided the following: 1) To appoint Mr. A T Pannir Selvam, former CMD of Union Bank of India and Prof. Jayanth Varma of the Indian Institute of Management, Ahmedabad as additional directors of the Bank with immediate effect. Further, Mr. Pannir Selvam will be the nominee director of the Administrator of the specified undertaking of the Unit Trust of India (UTI-I) and Mr. Jayanth Varma will be an Independent Director. 2) To issue Non-Convertible Unsecured Redeemable Debentures upto Rs.100 crs, in one or more tranches as the Bank's Tier - II capital. -UTI has been authorised to launch 16 ATMs on the Western Railway Stations of Mumbai Division. -UTI filed suit against financial institutions IFCI Ltd in the debt recovery tribunal at Mumbai to recover Rs.85cr in dues. -UTI bank made an entry to the Food Credit Programme, it has made an entry into the 59 cluster which includes private sector, public sector, old private sector and co-operative banks. -Shri Ajeet Prasad, Nminee of UTI has resigned as the director of the bank. -Banks Chairman and MD Dr.P.J.Nayak inaugurated a new branch at Nellore. -UTI bank allots shares under Employee Stock Option Scheme to its employees. -Unveils pre-paid travel card 'Visa Electron Travel Currency Card' -Allotment of 58923 equity shares of Rs 10 each under ESOP. -UTI Bank ties up with UK govt fund for contract farming -Shri B S Pandit, nominee of the Administrator of the Specified Undertaking of the Unit Trust of India (UTI-I) has resigned as a director from the Bank wef November 12, 2003. -UTI Bank unveils new ATM in Sikkim 2004 -Comes out with Rs. 500 mn Unsecured Redeemable Non-Convertible Debenture Issue, issue fully subscribed -UTI Bank Ltd has informed that Shri Ajeet Prasad, Nominee of the Administrator of the Specified Undertaking of the Unit Trust of India (UTI - I) has been appointed as an Additional Director of the Bank w.e.f. January 20, 2004. -UTI Bank opens new branch in Udupi -UTI Bank, Geojit in pact for trading platform in Qatar -UTI Bank ties up with Shriram Group Cos -Unveils premium payment facility through ATMs applicable to LIC & UTI Bank customers -Metaljunction (MJ)- the online trading and procurement joint venture of Tata Steel and Steel Authority of India (SAIL)- has roped in UTI Bank to start off own equipment for Tata Steel. -DIEBOLD Systems Private Ltd, a wholly owned subsidiary of Diebold Incorporated, has secured a major contract for the supply of ATMs and services to UTI Bank -HSBC completes acquisition of 14.6% stake in UTI Bank for $67.6 m -UTI Bank installs ATM in Thiruvananthapuram -Launches `Remittance Card' in association with Remit2India, a Web site offering money-transfer services 2005 - UTI Bank enters into a bancassurance partnership with Bajaj Allianz General for selling general insurance products through its branch network. -UTI Bank launches its first Satellite Retail Assets Centre (SRAC) in Karnataka at Mangalore. 2006 -UTI Bank unveils priority banking lounge - UTI Bank launches operations of UBL Sales, its Sales Subsidiary - Inaugurates its first office in Bengaluru -UTI Bank announces the launch of its Credit Card Business - UTI Bank becomes the first Indian Bank to successfully issue Foreign Currency Hybrid Capital in the International Market - UTI Bank Business Gold Debit Card MasterCard Launched - Designed for business related spending by SMEs and self employed professionals 2007 -AXIS Bank Ltd has informed that consequent upon handing over charge as Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), Shri. S B Mathur, the Nominee Director of SUUTI has resigned as a Director of the Bank w.e.f. December 06, 2007. -AXIS Bank Ltd has informed that Fitch Ratings on December 14, 2007, has upgraded the Bank's National Long-term rating to 'AAA(ind)' from 'AA (ind)'. -AXIS Bank Ltd hasappointed Shri K N Prithviraj as an Additional Director on the Board at Directors of the Bank. - Company name has been changed from UTI Bank Ltd toAxis Bank Ltd. 2008 - Axis Bank launches Platinum Credit Card, India's first EMV chip based card - Axis Bank set up its branch at Ilanji at Meenakshi Nagar on the Coutralam-Madurai road on April 16. 2009 - Axis Bank today said its board has recommended the appointment of Shikha Sharma, currently chief of ICICI group's life insurance business, as its next managing director and CEO. - Axis Bank has set up a new branch at Perumbavoor. The bank has a network of 832 branches along with 8 extension counters and 3622 ATMs across the country. - Axis Bank, on Wednesday entered into a strategic alliance with Motilal Oswal, the financial services firm, in order to facilitate the online trading for the bank's customers. - AXIS Bank Ltd has informed that the Board of Directors of the Bank at its meeting held on June 01, 2009, inducted Smt. Shikha Sharma as an Additional Director of the Bank. - Axis bank has received final clearance from the Securities and Exchange Board of India (SEBI) to begin its mutual fund operations and will launch debt and equity schemes soon whereas IDBI Bank is awaiting the regulator's permit for an entry. - Axis Bank opened the new branch at Irinjalakuda while it has a network of 892 branches, 8 extension counters and 3,806 ATMs across the country. 2010 - Axis Bank Limited has informed that at the meeting of the Board of Directors held on January 15, 2010, the following decisions were taken: (1) To appoint Dr. Adarsh Kishore, former Finance Secretary, Government of India and former Executive Director, International Monetary Fund representing Bangladesh, Bhutan, India and Sri Lanka, as the Non-Executive Chairman of the Bank, subject to RBI approval; (2) To appoint Shri S.B. Mathur, former Chairman, LIC and the National Stock Exchange of India, as an Additional Independent Director, with immediate effect. - AXIS Bank Ltd has appointed Shri M. S. Sundara Rajan, former CMD, Indian Bank as an Additional Independent Director with immediate effect. - Axis bank acquires 4 percent stake in Max New York Life - Axis Bank has bought a property in central Mumbai from Bombay Dyeing where it will shift its corporate headquarters. Its worth Rs.782 crore. - Axis Bank is acquiring investment banking and securities unit of Enam Securities Pvt Ltd in an all stock deal for Rs.2,067 Cr (around $456 Mn) in order to expand its broking and investment banking business. 2011 - Axis Bank launches online trading platform AxisDirect - Axis Bank has launches pre-paid VISA card i.e. MY MONEY CARD. - Axis Bank opens new representative office in Abu Dhabi 2012 - Axis Bank partners with NIIT IFBI to introduce PG Diploma in Retail Banking. - Axis Bank inducts Schroders as a 25% partner in Axis AMC. - Axis Bank, Axis Capital, joined hands with Baird, an international, employee-owned financial services firm, to ofer investment banking services. 2013 -Axis Bank launches - Axis Bank - ISB Women Leadership Programme -Axis Bank launches unique product `Empower Home Loans' for self employed -Axis Bank, Lufthansa Miles & More launch co-branded credit card -Axis Bank launches new and improved 'Senior Privilege Savings Account' -Axis Bank launches `Axis Bank- ISIC Forex Card' for Students -Axis Bank launches DREAM HOME FESTIVAL 2013 in Bengaluru 2014 -Axis Bank, the first Indian Private sector bank to set up a branch in China -Axis Bank launches `Asha Home Loans' -Axis Bank signs MoU with China Development Bank -Axis Bank launches e - surveillance facility at ATM locations -Axis Bank features in Forbes Asia's FAB 50 list for the fourth time -Axis Bank opens its first 'All Women Branch' at Patna, Bihar -Axis Bank has splits its face value from Rs 10/- to 2/- 2015 -Axis Bank, India's third largest private sector bank -Axis Bank Ltd raises Senior Notes in the International Market -Axis Bank, Suvidha Infoserve join to introduce pre-paid card -Launch of the Display variant Debit Card for its NRE customers -Axis Bank to offer electronic signature facility to its customers -Axis Bank and Vistara join hands to introduce cobranded credit card -Axis Bank opens its representative office in Dhaka to strengthen its International presence 2016 -AXIS Bank receives approval from RBI - FIIs / RFPIs can invest up to 62 per cent under Portfolio Investment -Axis Bank launches certified green bond at LSE 2017 - Axis Bank, IIC pact to boost trade with Latin America - Axis Bank launches new home loan product - Axis Bank hits record high on fund raising plans 2018 -Axis Bank launches 4th edition of "Evolve" -Axis Bank raises MCLR by 10 basis points to 8.4%. -Axis Bank board clears higher borrowing limit of Rs 2 lk cr. 2019 -Axis Bank, Indian Oil launch co-branded credit card for cashless payments. 2020 -Axis Bank sets aside Rs 100 cr to fight pandemic. -Axis Bank to pick about 30 pc stake in Max Life Insurance for Rs 1,600 cr. -Axis Bank, Vistara launch co-branded forex card. 2021 -Axis Bank customers can send money abroad in 100 currencies via mobile app. -NIIT and Axis Bank together launch NIIT Digital Banking Academy. -Axis Bank Ltd. - Investment In IBBIC Pvt. Ltd. -Axis Bank opens 11 branches in Karnataka. 2022 -Axis Bank enters into non-binding agreement with Go Digit Life for 9.94% stake. -Axis Bank the bank had a network of 4,759 domestic branches and extension counters situated in 2,702 centres compared to 4,600 domestic branches and extension counters situated in 2,628 centres. - Axis Bank's acquire of Citi's consumer business in India, one of the largest deals in the country's financial services space. 2023 -Axis Bank's informed acquisition of the Citibank's India Consumer Business from Citibank and the NBFC Consumer Business from Citicorp Finance (India) Limited . 2024 -Axis Bank subscription to over 14 Cr equity shares of Max Life Insurance.

1993 - The Bank was incorporated on 3rd December and Certificate of business on 14th December. The Bank transacts banking business of all description. UTI Bank Ltd. was promoted by Unit Trust of India, Life Insurance Corporation of India, General Insurance Corporation of India and its four subsidiaries. - The bank was the first private sector bank to get a license under the new guidelines issued by the RBI. 1997 - The Bank obtained license to act as Depository Participant with NSDL and applied for registration with SEBI to act as `Trustee to Debenture Holders'. - Rupees 100 crores was contributed by UTI, the rest from LIC Rs 7.5 crores, GIC and its four subsidiaries Rs 1.5 crores each. 1998 - The Bank has 28 branches in urban and semi urban areas as on 31st July. All the branches are fully computerised and networked through VSAT. ATM services are available in 27 branches. - The Bank came out with a public issue of 1,50,00,000 No. of equity shares of Rs 10 each at a premium of Rs 11 per share aggregating to Rs 31.50 crores and Offer for sale of 2,00,00,000 No. of equity shares for cash at a price of Rs 21 per share. Out of the public issue 2,20,000 shares were reserved for allotment on preferencial basis to employees of UTI Bank. Balance of 3,47,80,000 shares were offered to the public. - The company offers ATM cards, using which account-holders can withdraw money from any of the bank's ATMs across the country which are inter-connected by VSAT. - UTI Bank has launched a new retail product with operational flexibility for its customers. - UTI Bank will sign a co-brand agreement with the market, leader, Citibank NA for entering into the highly promising credit card business. - UTI Bank promoted by India's pioneer mutual fund Unit Trust of India along with LIC, GIC and its four subsidiaries. 1999 - UTI Bank and Citibank have launched an international co-branded credit card. - UTI Bank and Citibank have come together to launch an international co-branded credit card under the MasterCard umbrella. - UTI Bank Ltd has inaugurated an off site ATM at Ashok Nagar here, taking the total number of its off site ATMs to 13.m 2000 - The Bank has announced the launch of Tele-Depository Services for its depository clients. - UTI Bank has launch of `iConnect', its Internet banking Product. - UTI Bank has signed a memorandum of understanding with equitymaster.com for e-broking activities of the site. - Infinity.com financial Securities Ltd., an e-broking outfit is typing up with UTI Bank for a banking interface. - Geojit Securities Ltd, the first company to start online trading services, has signed a MoU with UTI Bank to enable investors to buy\sell demat stocks through the company's website. - Indiabulls has signed a memorandum of understanding with UTI Bank. - UTI Bank has entered into an agreement with Stock Holding Corporation of India for providing loans against shares to SCHCIL's customers and funding investors in public and rights issues. - ICRA has upgraded the rating og UTI Bank's Rs 500-crore certificate of deposit programme to A1 . - UTI Bank has tied up with L&T Trade.com for providing customised online trading solution for brokers. 2001 - UTI Bank launched a private placement of non-convertible debentures to raise up to Rs 75 crore. - UTI Bank has opened two offsite ATMs and one extension counter with an ATM in Mangalore, taking its total number of ATMs across the country to 355. - UTI Bank has recorded a 62 per cent rise in net profit for the quarter ended September 30, 2001, at Rs 30.95 crore. For the second quarter ended September 30, 2000, the net profit was Rs 19.08 crore. The total income of the bank during the quarter was up 53 per cent at Rs 366.25 crore. 2002 - UTI Bank Ltd has informed BSE that Shri B R Barwale has resigned as a Director of the Bank w.e.f. January 02, 2002. A C Shah, former chairman of Bank of Baroda, also retired from the bank's board in the third quarter of last year. His place continues to be vacant. M Damodaran took over as the director of the board after taking in the reins of UTI. B S Pandit has also joined the bank's board subsequent to the retirement of K G Vassal. - UTI Bank Ltd has informed that Shri Paul Fletcher has been appointed as an Additional Director Nominee of CDC Financial Service (Mauritius) Ltd of the Bank.And Shri Donald Peck has been appointed as an Additional Director (nominee of South Asia Regional Fund) of the Bank. - UTI Bank Ltd has informed that on laying down the office of Chairman of LIC on being appointed as Chairman of SEBI, Shri G N Bajpai, Nominee Director of LIC has resigned as a Director of the Bank. 2002 - B Paranjpe & Abid Hussain cease to be the Directors of UTI Bank. - UTI Bank Ltd has informed that in the meeting of the Board of Directors following decisions were taken: Mr Yash Mahajan, Vice Chairman and Managing Director of Punjab Tractors Ltd was appointed as an Additional Director with immediate effect. Mr N C Singhal former Vice Chairman and Managing Director of SCICI was appointed as an Additional Director with immediate effect. -ABN Amro, UTI Bank in pact to share ATMs. -UTI Bank Ltd has informed BSE that a meeting of the Board of Directors of the Bank is scheduled to be held on October 24, 2002 to consider and take on record the unaudited half yearly/quarterly financial results of the Bank for the half year/Quarter ended September 30, 2002. -UTI Bank Ltd has informed that Shri J M Trivedi has been appointed as an alternate director to Shri Donald Peck with effect from November 2, 2002. 2003 -UTI Bank Ltd has informed BSE that at the meeting of the Board of Directors of the company held on January 16, 2003, Shri R N Bharadwaj, Managing Director of LIC has been appointed as an Additional Director of the Bank with immediate effect. - UTI Bank, the private sector bank has opeaned a branch at Nellore. The bank's Chairman and Managing Director, Dr P.J. Nayak, inaugurating the bank branch at GT Road on May 26. Speaking on the occasion, Dr Nayak said, "This marks another step towards the extensive customer banking focus that we are providing across the country and reinforces our commitment to bring superior banking services, marked by convenience and closeness to customers. -UTI Bank Ltd. has informed the Exchange that at its meeting held on June 25, 2003 the BOD have decided the following: 1) To appoint Mr. A T Pannir Selvam, former CMD of Union Bank of India and Prof. Jayanth Varma of the Indian Institute of Management, Ahmedabad as additional directors of the Bank with immediate effect. Further, Mr. Pannir Selvam will be the nominee director of the Administrator of the specified undertaking of the Unit Trust of India (UTI-I) and Mr. Jayanth Varma will be an Independent Director. 2) To issue Non-Convertible Unsecured Redeemable Debentures upto Rs.100 crs, in one or more tranches as the Bank's Tier - II capital. -UTI has been authorised to launch 16 ATMs on the Western Railway Stations of Mumbai Division. -UTI filed suit against financial institutions IFCI Ltd in the debt recovery tribunal at Mumbai to recover Rs.85cr in dues. -UTI bank made an entry to the Food Credit Programme, it has made an entry into the 59 cluster which includes private sector, public sector, old private sector and co-operative banks. -Shri Ajeet Prasad, Nminee of UTI has resigned as the director of the bank. -Banks Chairman and MD Dr.P.J.Nayak inaugurated a new branch at Nellore. -UTI bank allots shares under Employee Stock Option Scheme to its employees. -Unveils pre-paid travel card 'Visa Electron Travel Currency Card' -Allotment of 58923 equity shares of Rs 10 each under ESOP. -UTI Bank ties up with UK govt fund for contract farming -Shri B S Pandit, nominee of the Administrator of the Specified Undertaking of the Unit Trust of India (UTI-I) has resigned as a director from the Bank wef November 12, 2003. -UTI Bank unveils new ATM in Sikkim 2004 -Comes out with Rs. 500 mn Unsecured Redeemable Non-Convertible Debenture Issue, issue fully subscribed -UTI Bank Ltd has informed that Shri Ajeet Prasad, Nominee of the Administrator of the Specified Undertaking of the Unit Trust of India (UTI - I) has been appointed as an Additional Director of the Bank w.e.f. January 20, 2004. -UTI Bank opens new branch in Udupi -UTI Bank, Geojit in pact for trading platform in Qatar -UTI Bank ties up with Shriram Group Cos -Unveils premium payment facility through ATMs applicable to LIC & UTI Bank customers -Metaljunction (MJ)- the online trading and procurement joint venture of Tata Steel and Steel Authority of India (SAIL)- has roped in UTI Bank to start off own equipment for Tata Steel. -DIEBOLD Systems Private Ltd, a wholly owned subsidiary of Diebold Incorporated, has secured a major contract for the supply of ATMs and services to UTI Bank -HSBC completes acquisition of 14.6% stake in UTI Bank for $67.6 m -UTI Bank installs ATM in Thiruvananthapuram -Launches `Remittance Card' in association with Remit2India, a Web site offering money-transfer services 2005 - UTI Bank enters into a bancassurance partnership with Bajaj Allianz General for selling general insurance products through its branch network. -UTI Bank launches its first Satellite Retail Assets Centre (SRAC) in Karnataka at Mangalore. 2006 -UTI Bank unveils priority banking lounge - UTI Bank launches operations of UBL Sales, its Sales Subsidiary - Inaugurates its first office in Bengaluru -UTI Bank announces the launch of its Credit Card Business - UTI Bank becomes the first Indian Bank to successfully issue Foreign Currency Hybrid Capital in the International Market - UTI Bank Business Gold Debit Card MasterCard Launched - Designed for business related spending by SMEs and self employed professionals 2007 -AXIS Bank Ltd has informed that consequent upon handing over charge as Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), Shri. S B Mathur, the Nominee Director of SUUTI has resigned as a Director of the Bank w.e.f. December 06, 2007. -AXIS Bank Ltd has informed that Fitch Ratings on December 14, 2007, has upgraded the Bank's National Long-term rating to 'AAA(ind)' from 'AA (ind)'. -AXIS Bank Ltd hasappointed Shri K N Prithviraj as an Additional Director on the Board at Directors of the Bank. - Company name has been changed from UTI Bank Ltd toAxis Bank Ltd. 2008 - Axis Bank launches Platinum Credit Card, India's first EMV chip based card - Axis Bank set up its branch at Ilanji at Meenakshi Nagar on the Coutralam-Madurai road on April 16. 2009 - Axis Bank today said its board has recommended the appointment of Shikha Sharma, currently chief of ICICI group's life insurance business, as its next managing director and CEO. - Axis Bank has set up a new branch at Perumbavoor. The bank has a network of 832 branches along with 8 extension counters and 3622 ATMs across the country. - Axis Bank, on Wednesday entered into a strategic alliance with Motilal Oswal, the financial services firm, in order to facilitate the online trading for the bank's customers. - AXIS Bank Ltd has informed that the Board of Directors of the Bank at its meeting held on June 01, 2009, inducted Smt. Shikha Sharma as an Additional Director of the Bank. - Axis bank has received final clearance from the Securities and Exchange Board of India (SEBI) to begin its mutual fund operations and will launch debt and equity schemes soon whereas IDBI Bank is awaiting the regulator's permit for an entry. - Axis Bank opened the new branch at Irinjalakuda while it has a network of 892 branches, 8 extension counters and 3,806 ATMs across the country. 2010 - Axis Bank Limited has informed that at the meeting of the Board of Directors held on January 15, 2010, the following decisions were taken: (1) To appoint Dr. Adarsh Kishore, former Finance Secretary, Government of India and former Executive Director, International Monetary Fund representing Bangladesh, Bhutan, India and Sri Lanka, as the Non-Executive Chairman of the Bank, subject to RBI approval; (2) To appoint Shri S.B. Mathur, former Chairman, LIC and the National Stock Exchange of India, as an Additional Independent Director, with immediate effect. - AXIS Bank Ltd has appointed Shri M. S. Sundara Rajan, former CMD, Indian Bank as an Additional Independent Director with immediate effect. - Axis bank acquires 4 percent stake in Max New York Life - Axis Bank has bought a property in central Mumbai from Bombay Dyeing where it will shift its corporate headquarters. Its worth Rs.782 crore. - Axis Bank is acquiring investment banking and securities unit of Enam Securities Pvt Ltd in an all stock deal for Rs.2,067 Cr (around $456 Mn) in order to expand its broking and investment banking business. 2011 - Axis Bank launches online trading platform AxisDirect - Axis Bank has launches pre-paid VISA card i.e. MY MONEY CARD. - Axis Bank opens new representative office in Abu Dhabi 2012 - Axis Bank partners with NIIT IFBI to introduce PG Diploma in Retail Banking. - Axis Bank inducts Schroders as a 25% partner in Axis AMC. - Axis Bank, Axis Capital, joined hands with Baird, an international, employee-owned financial services firm, to ofer investment banking services. 2013 -Axis Bank launches - Axis Bank - ISB Women Leadership Programme -Axis Bank launches unique product `Empower Home Loans' for self employed -Axis Bank, Lufthansa Miles & More launch co-branded credit card -Axis Bank launches new and improved 'Senior Privilege Savings Account' -Axis Bank launches `Axis Bank- ISIC Forex Card' for Students -Axis Bank launches DREAM HOME FESTIVAL 2013 in Bengaluru 2014 -Axis Bank, the first Indian Private sector bank to set up a branch in China -Axis Bank launches `Asha Home Loans' -Axis Bank signs MoU with China Development Bank -Axis Bank launches e - surveillance facility at ATM locations -Axis Bank features in Forbes Asia's FAB 50 list for the fourth time -Axis Bank opens its first 'All Women Branch' at Patna, Bihar -Axis Bank has splits its face value from Rs 10/- to 2/- 2015 -Axis Bank, India's third largest private sector bank -Axis Bank Ltd raises Senior Notes in the International Market -Axis Bank, Suvidha Infoserve join to introduce pre-paid card -Launch of the Display variant Debit Card for its NRE customers -Axis Bank to offer electronic signature facility to its customers -Axis Bank and Vistara join hands to introduce cobranded credit card -Axis Bank opens its representative office in Dhaka to strengthen its International presence 2016 -AXIS Bank receives approval from RBI - FIIs / RFPIs can invest up to 62 per cent under Portfolio Investment -Axis Bank launches certified green bond at LSE 2017 - Axis Bank, IIC pact to boost trade with Latin America - Axis Bank launches new home loan product - Axis Bank hits record high on fund raising plans 2018 -Axis Bank launches 4th edition of "Evolve" -Axis Bank raises MCLR by 10 basis points to 8.4%. -Axis Bank board clears higher borrowing limit of Rs 2 lk cr. 2019 -Axis Bank, Indian Oil launch co-branded credit card for cashless payments. 2020 -Axis Bank sets aside Rs 100 cr to fight pandemic. -Axis Bank to pick about 30 pc stake in Max Life Insurance for Rs 1,600 cr. -Axis Bank, Vistara launch co-branded forex card. 2021 -Axis Bank customers can send money abroad in 100 currencies via mobile app. -NIIT and Axis Bank together launch NIIT Digital Banking Academy. -Axis Bank Ltd. - Investment In IBBIC Pvt. Ltd. -Axis Bank opens 11 branches in Karnataka. 2022 -Axis Bank enters into non-binding agreement with Go Digit Life for 9.94% stake. -Axis Bank the bank had a network of 4,759 domestic branches and extension counters situated in 2,702 centres compared to 4,600 domestic branches and extension counters situated in 2,628 centres. - Axis Bank's acquire of Citi's consumer business in India, one of the largest deals in the country's financial services space. 2023 -Axis Bank's informed acquisition of the Citibank's India Consumer Business from Citibank and the NBFC Consumer Business from Citicorp Finance (India) Limited . 2024 -Axis Bank subscription to over 14 Cr equity shares of Max Life Insurance.

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Parent Organisation

Axis Bank Ltd.

Founded

03/12/1993

Managing Director

Mr.Amitabh Chaudhry

NSE Symbol

AXISBANKEQ

FAQ

The current price of Axis Bank Ltd is ₹ 1197.80.

The 52-week high for Axis Bank Ltd is ₹ 1204.90 and the 52-week low is ₹ 1182.70.

The market capitalization of Axis Bank Ltd is currently ₹ 371181.49. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Axis Bank Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Axis Bank Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Axis Bank Ltd shares.

The CEO of Axis Bank Ltd is Mr.Amitabh Chaudhry, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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