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Mint

US Fed meeting underway: As US Fed rate cut looms, experts upbeat on HDFC Bank, ICICI Bank, Axis Bank, SBI

The US Fed meeting is underway. The Fed is expected to initiate a rate-reduction cycle, benefiting markets and boosting foreign investment, particularly in Indian banking stocks. Experts predict positive impacts on private banks like HDFC Bank, ICICI Bank, Axis Bank and SBI.

The Economic Times

Reliance Power exits Vidarbha power plant after releasing corporate guarantee

Reliance Power Ltd, controlled by Anil Ambani, has exited the 600 MW Vidarbha Industries Power Ltd (VIPL) after pledging all its shares to CFM ARC. This move releases Reliance Power from its corporate guarantee obligations related to VIPL's Rs 3872 crore debt. CFM ARC and Axis Bank now control VIPL.

Business Standard

Axis Bank Ltd soars 1.32%, gains for fifth straight session

Axis Bank Ltd is quoting at Rs 1248.35, up 1.32% on the day as on 12:44 IST on the NSE. The stock is up 21.52% in last one year as compared to a 28.01% gain in NIFTY and a 16.62% gain in the Nifty Bank.

Mint

Stocks to buy: Axis Bank to Zydus Life—SMC Global Securities lists four stocks to bet on this week; Check TP, upside

Stocks to buy: Domestic brokerage SMC Global Securities has recommended four stocks to buy this week based upon the fundamental and technical analysis in the current market scenario

Business Standard

Axis Bank expands wealth management services across 15 new cities

Axis Bank on Monday said its private banking business Burgundy Private will expand its wealth management services to 15 new cities, increasing its presence to 42 locations across India. With this strategic move, Burgundy Private will now offer its bespoke wealth management services tailored to the unique needs of discerning clients in India's rapidly evolving Tier 2 markets, Axis Bank said in a statement. The new locations, to start with, include Bhubaneswar, Patna, Raipur, Agra, Ghaziabad, Jodhpur, Udaipur, Jalandhar, Meerut, Belgaum, Kozhikode, Thiruvananthapuram, Aurangabad, Nagpur, and Gandhidham, it said. By leveraging its expertise, technology, and data analytics, Burgundy Private aims to deliver personalised solutions that meet the evolving expectations of affluent clients in these emerging geographies, it said. Burgundy Private has an AUM of nearly Rs 2.07 trillion, a 33 per cent increase YoY, and currently manages wealth for over 13,000 families across 27 cities.

Mint

F&O Strategy: Buy Axis Bank, Oberoi Realty, and Sell BPCL, recommends Rupak De as Indian stock market hits record high

F&O Strategy: Technical views on F&O market by Rupak De, Senior Technical Analyst, LKP Securities. De suggests buying Axis Bank, Oberoi Realty, and selling Bharat Petroleum Corporation Ltd (BPCL).

The Economic Times

Hot stocks: Brokerage view on HUL, Axis Bank, Macrotech Developers, Hero Motocorp

Brokerage firms BofA and Nomura have given buy ratings to HUL and Macrotech Developers, respectively. CLSA has an outperform rating on Axis Bank, while UBS has a sell view on Hero Motocorp. These recommendations highlight potential growth areas and strategic focuses for each company.

The Economic Times

Axis Bank Share Price Live Updates: Axis Bank Closes at Rs 1217.45 with Notable Volume Discrepancy

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Mint

Shares to buy: Axis Bank, Wipro, Jio Financial among 11 stocks that may rise 7-23% in the next 3-4 weeks, say analysts

Shares to buy: Amid a 2% rise in the Nifty 50, analysts advise investors to focus on quality stocks. They recommend 11 stocks, which are expected to increase by 7-23% in the next few weeks, with caution advised in stock selection.

The Economic Times

Market Trading Guide: Bajaj Finance, Axis Bank among 5 stock recommendations for Monday

The S&P BSE Sensex closed 0.09% lower at 82,890, while the NSE Nifty50 ended just below the 25,400 mark.

The Economic Times

Bank Nifty expected to grow, many private banks have witnessed breakout: Rajesh Palviya, Axis Securities

Rajesh Palviya of Axis Securities predicts a strong performance for Bank Nifty and Nifty in the coming week, with potential gains in private banks and midcap stocks. He suggests buying DLF, Voltas, and L&T Finance based on recent trends and technical analysis.

The Economic Times

Profit-taking pauses D-Street's record run: Sensex falls 72 points; Nifty below 25,400

Leading the Sensex decline were Adani Ports, ITC, and other companies, with losses ranging from 0.7% to 1.4%. Countering the trend, Bajaj Finance, Bajaj Finserv, Axis Bank, IndusInd Bank, and Tata Steel ended the day with gains.

The Economic Times

Stock market update: Stocks that hit 52-week lows on NSE

Tata Motors, Axis Bank, Maruti Suzuki, Nestle India and Bajaj Finserv were among the top losers on NSE.

Mint

Jefferies sees over 26% upside in Axis Bank, reiterates 'buy' call — key reasons why

Jefferies maintains a ‘buy’ rating on Axis Bank with a target price of ₹1,500, indicating over 26 percent upside. The bank's conservative provisioning policy on unsecured loans and effective cost management are expected to stabilise credit costs and strengthen its deposit franchise.

The Economic Times

RBI fines HDFC, Axis Bank for non-compliance with regulations

The Reserve Bank of India has fined Axis Bank ₹1.91 crore and HDFC Bank ₹1 crore for regulatory non-compliance. Axis Bank's violations include multiple customer identification codes and collateral security for agricultural loans. HDFC Bank's issues involve giving gifts to depositors and contacting customers outside permitted hours.

Mint

RBI pulls up Axis Bank over contests to generate business

The regulator has informed the bank that such a scheme violates existing regulatory guidelines. According to the regulator’s initial observations sent to the bank, these incentives were over and above the variable pay of its employees.

The Economic Times

RBI penalises Axis Bank, HDFC Bank for deficiencies in regulatory compliance

The Reserve Bank of India has imposed penalties amounting to Rs 2.91 crore on Axis Bank and HDFC Bank for deficiencies in statutory and regulatory compliance. Axis Bank faces a penalty of Rs 1.91 crore, while HDFC Bank has been fined Rs 1 crore. The penalties address issues related to interest rates, KYC norms, and customer service.

CNBC TV18

Tata Motors, Reliance Industries, IREDA, Axis Bank, HDFC Bank and more: Top stocks to watch out for on September 11

stocks to watch, Tata Motors, Reliance Industries, IREDA, Axis Bank, HDFC Bank, Jubilant Pharmova, Wardwizard Healthcare and more, these are the stocks to watch for today.

CNBC TV18

RBI fines Axis Bank and HDFC Bank for regulatory violations

Axis Bank was fined ₹1.91 crore, while HDFC Bank faced a penalty of ₹1 crore. Shares of Axis Bank Ltd ended at ₹1,187.00, up by ₹16.35, or 1.40%, and HDFC Bank Ltd ended at ₹1,650.60, up by ₹3.10, or 0.19%, on the BSE.

The Economic Times

JSW seeks ₹1,000 cr loan for Navkar buy

JSW Infrastructure plans to borrow ₹1,000 crore to acquire a 70.37% stake in Navkar Corporation and is in talks with lenders like Axis Bank. The company also approved a capex of ₹2,359 crore for expanding its Jaigarh and Dharamtar Ports. The acquisition deal is expected to close by the third quarter of FY25.

The Economic Times

Top 9 large cap picks with upside potential of 31% from Axis Securities

Axis Securities has identified nine large-cap stocks with significant upside potential despite recent market volatility. Key picks include ICICI Bank, Nestle India, and State Bank of India, among others. These stocks are projected to offer returns ranging from 10% to over 31%, making them attractive options for investors in the current market scenario.

Business Standard

Axis Bank allots NCDs aggregating Rs 3,925 cr

On private placement basis

CNBC TV18

Nifty 50 marks 6th consecutive record close amid volatility; Sensex edges lower

Financial stocks provided a boost in the final hour of trading, with ICICI Bank, HDFC Bank, and Axis Bank recovering from earlier lows.

Mint

Stocks to buy: ICICI Bank, Varun Beverages, SBI, HDFC Bank shares among 9 top largecap stock picks by Axis Securities

Stocks to buy: Axis Securities has recommended nine largecap stocks to buy. These largecap stock picks by the brokerage house are estimated to deliver returns upto 10% - 26%. Check the full list of stocks to buy here:

CNBC TV18

Analysts recommend buying Cummins, M&M Financial, Canara Bank, Axis Bank and ABFRL

On Tuesday, market tech analysts Sudeep Shah, Nagaraj Shetti, Shilpa Rout and F&O analyst Avani Bhatt recommended these stocks for the short term.

The Economic Times

Adani Ports out, REC in: How Bernstein has tweaked its portfolio

Bernstein has sold Adani Ports, Bharti Airtel, and Axis Bank from its India Model Portfolio, favoring stable stocks like REC, SBI Life, and D-Mart. Despite market volatility, strong DII inflows have boosted the Nifty index by 15% YTD.

Business Standard

Banks will lose out if they don't partner fintechs: Axis Bank CEO

He highlighted that as customers transact more digitally, the banks' operating costs will come down

The Economic Times

Axis Bank, Indian Bank eye infra bond route for fund-raise next month

Axis Bank and Indian Bank are likely to raise funds worth up to Rs 9,000 crore through the sale of infrastructure bonds next month, as lenders continue to rely on debt issuances to mobilise funds amid a slower pace of deposit growth than credit growth.

Business Standard

Axis Bank plans to raise Rs 4,000 cr via NCD issuance

Powered by Capital Market - Live News

The Economic Times

Yes Bank appoints Sumit Bali country head, retail assets and debt management

Yes Bank has named Sumit Bali as the Country Head for Retail Assets and Debt Management. Bali brings over 30 years of experience and will focus on enhancing retail and rural assets and debt management growth. He has previously worked in leadership roles at Axis Bank, India Infoline Group, and Kotak Mahindra Bank.

Business Standard

Apollo Tyres, Axis Bank: Top picks by Osho Krishan of Angel One for Aug 26

Apollo Tyres has recently experienced a notable decrease from its peak of 568 to approximately 200 SMA on the daily time frame chart.

Business Standard

Axis Bank expands wealth management biz rapidly in non-metro cities

Some of the new cities the bank has added include Patna, Raipur, Ghaziabad, Jodhpur, Udaipur, and Meerut

Business Standard

Axis Bank allots 2.17 lakh equity shares under ESOP

The paid-up share capital of the Bank has accordingly increased from Rs. 618,31,96,838 (309,15,98,419 equity shares of Rs. 2/- each) to Rs. 618,36,31,528 (309,18,15,764 equity shares of Rs. 2/- each).

Business Line

SBI, HDFC Bank, ICICI Bank and Axis Bank: A comparison of Q1FY25 performance

We analyse how the top three private lenders and SBI fared during the first quarter of FY25

The Economic Times

Axis Bank completes migration of Citibank customers to its systems

Axis Bank faced glitches after migrating Citibank customers to its systems, with many unable to access accounts or log into the Axis app. Axis acknowledged "teething issues" and increased call center staff to address them. Despite problems, 97% of users successfully onboarded, with over a million transactions completed.

The Economic Times

Nifty Bank stuck in a range; a breakout above 52,500 could take it towards 53K: Experts

The banking index needs a breakout above 52,500 levels to head towards 53,000, suggested experts. SBI, Bandhan Bank, PNB, and Bank of Baroda were among top gainers while ICICI Bank, Federal Bank, AU Small Finance Bank, and Axis Bank saw selling pressure.

The Economic Times

Stock market update: Stocks that hit 52-week lows on NSE

Grasim Inds., Asian Paints, Tata Steel, LTIMindtree and Axis Bank were among the top losers on NSE.

The Economic Times

Axis Bank, Infosys among 5 stocks with long buildup

A long buildup happens when more people start buying a stock in the Futures and Options market. This indicates they expect the stock price to go up. On Friday, five stocks saw new long positions being taken by investors.

Business Standard

140 million HDFC Bank, Axis customers may face service interruption

UPI services will be unavailable for customers from 3:00 AM to 3:45 AM and from 9:30 AM to 12:45 PM on July 13, 2024

The Economic Times

Nifty Bank faces selling pressure at higher levels; support seen at 52,000-51,800: Experts

Axis Bank and Federal Bank ended the day with gains, whereas SBI, AU Small Finance Bank, Bank of Baroda, PNB, and Bandhan Bank experienced selling pressure. The banking index is currently trading near the critical support level of 52,000, suggesting a potential technical rebound. However, if the index closes below this key support, it could trigger additional selling pressure.