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4 mins read

Analysts expect no surprises from Axis Bank in the second quarter — loan growth and collections to be slow

Axis Bank, India’s third-largest private sector lender after HDFC Bank and Kotak Mahindra, isn’t ex…

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2 mins read

Axis Bank is back in the black as fee collections ramp up and ₹10,000 crore in fund raising cushions the balance sheet

Axis Bank’s profit is in the green again after reporting a dip of 19% last quarter. Between July an…

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Time to buy banks? Morgan Stanley says yes as banks are entering 2nd leg of earnings upgrades

The theory of a post-Covid capex boom is gaining favour with analysts and financial institutions. T…

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3 mins read

Forget growth, Axis Bank will be happy if more borrowers don't take moratorium

So far, Axis Bank has sustained minimal damages. “Banks with relativ…

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Axis Bank share price surges over 6% after earnings reveal that only 9.7% of its loans are exposed to the moratorium

Axis Bank’s share price rallied over 6% in early morning trade, reacting to its Q1 earnings posted …

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India's banking stocks are down 7% this week despite a rate cut by RBI and a pause on new bad loans and bankruptcies

The stocks look cheap as the Bank Nifty has already lost over 46% this year so far, but …

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6 mins read

Srei Group may leave a $4 billion hole in some of India’s biggest lenders

Some of the biggest lenders to the group that is known for funding infrastructure projects inclu…

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Bank stocks gain as Supreme Court defers verdict on loan moratorium case to October 5

At the time it gave the government another two weeks to file a detailed affidavit after Solicito…

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2 mins read

Axis Bank finalises ₹10,000 crore share sale to raise funds at a floor price of ₹442.19

Axis Bank’s share price was up by over 3% today on the Bombay Stock Exchange at ₹445.20. The …

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Axis Bank has set aside over $900 million fearing COVID-19 may sour loans

This is over and above the money that is needed to be set aside for non-performing assets (NPA) …

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Axis Bank finalises Max Life Insurance investment and is closer to raising more funds

India’s third-largest public sector lender has finalised its deal to acquire one-third of Max Life …

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1 min read

Moody's sees better than expected recovery of asset quality in India's leading private banks

"Ample domestic liquidity, loose monetary policy, moratoriums on loan repayments and government-…

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2 mins read

Kotak Mahindra Bank saw rise in loans under moratorium but it isn't the worst hit

Kotak Mahindra Bank’s profit dipped by over 8% this quarter as compared to last year and its asset …

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3 mins read

Relief rally in bank stocks continues as Supreme Court defers loan moratorium hearing to October 13

Bank stocks continue to rally after the Supreme Court gave the Central Government, the Reserve Bank…

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4 mins read

Yes Bank fears more deposits may disappear when COVID-19 moratorium ends and people start repaying loans

Yes Bank posted a net loss of ₹3668.33 lakh in its fourth-quarter earnings amounting to a total los…

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4 mins read

Indian lenders like SBI, Axis Bank and others need $20 billion⁠ in capital— most of it will go into filling up NPA holes

Unwilling to take risks and facing rating downgrades, India’s banks, including the biggest State Ba…

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5 mins read

Yes Bank crisis and its domino effect on bonds, mutual funds and other corporate defaults

The challenges in the face of the Yes Bank crisis are likely to be temporary, since they are a dire…

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4 mins read

Yes Bank is damaged beyond repair, says Nomura while RBI tells depositors to keep calm

The private bank on the brink of collapse has been saved by the government, and the regulator Reser…

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3 mins read

The fall in ICICI Bank shares reflects the market’s dislike of banking stocks this week

ICICI Bank’s share price fell by over 4% in early morning trade on Monday. This comes after the ban…