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Axis Bank plans organisational recast, synergy with subsidiaries
Posted on 25th February 2019
Axis Bank’s newly inducted Chief Executive and Managing Director Amitabh Chaudhry is reworking the organisation’s structure, adding new roles as part of its larger growth strategy.

With a plank of “One Axis”, to project a combined offering from parent (bank) and its subsidiaries, it is giving a thrust on synergy to get more share in customer wallet.

Govt to sell up to 3% stake in Axis Bank to meet Rs 80,000 cr disinvestment target
Posted on 12th February 2019
The finance ministry through the Specified Undertaking of the Unit Trust of India (SUUTI) will sell up to a 3% stake in Axis Bank through the offer-for-sale (OFS) mechanism on Tuesday and Wednesday, the bank said in a notification to exchanges on Monday. The floor price for the offer would be Rs 689.52 per share. Axis Bank’s shares ended 1.1% lower than their previous close at Rs 710.35 on the BSE on Monday.

Axis Bank Q3 net profit surges 131% to Rs 1,681 crore, beats estimates
Posted on 29th January 2019
Private lender Axis Bank’s profit for the quarter ended December 2018 doubled over the previous year on back of strong growth in non-core income due to recoveries and stake sales.

The bank posted a growth of 131 per cent in net profit to Rs 1,681crore for the December quarter(Q3FY19), against Rs 726 crore a year ago. This was against a profit of Rs 790 crore in previous September(Q2FY19), said the bank in a filing to the exchanges.

Axis Bank hits record high; rallies 12% in two weeks
Posted on 8th January 2019
Shares of Axis Bank hit a record high of Rs 679 per share, up 2 per cent on the BSE, on expectations of a strong recovery in earnings, due to lower provisioning. The stock surpassed its previous high of Rs 677 recorded on September 10, 2018, in intra-day trade.

In the past two weeks, Axis Bank has outperformed the market by surging 12 per cent, as compared to a 3 per cent rise in the S&P BSE Sensex.

Axis Bank launches QuikPay Home Loan; a Monthly Instalments Plan
Posted on 13th December 2018
Axis Bank, the country’s third largest private bank, today launched ‘QuikPay Home Loan’, a home loan offering that will let home buyers save the interest amount component of the loan. QuikPay Home Loan will offer an alternative repayment structure, wherein the customer repays an equal amount of principal every month along with interest on the outstanding balance.

Axis Bank's Praveen Bhatt delves over customer centricity in a digital age
Posted on 8th November 2018
Management consultant and author Kate Zabriskie hit the nail on the head when she said: The customer’s perception is your reality.

In the digital age, an organization's biggest challenge is its customer. More specifically, it’s the way customer expectations are changing rapidly.

Axis Bank extends gain on strong Q2 results; stock surges 18% in 6 days
Posted on 5th November 2018
Shares of Axis Bank are up 4% to Rs 633, extending their previous week’s 14% rally on the BSE.

The private sector lender posted a better-than-expected 83% year-on-year (Y-o-Y) jump in its net profit at Rs 7.90 billion in the September quarter (Q2FY19), boosted by higher interest income and improvement in asset quality. Analysts on an average, expected profit of Rs 6.64 billion for the quarter.

Axis Bank Q2 profit up 83% to Rs 7.9 bn on higher interest income
Posted on 2nd November 2018
Axis Bank Ltd, India's third-biggest private sector lender by assets, on Friday posted a better-than-expected 82.6 percent jump in second-quarter profit, boosted by higher interest income and as asset quality improved.

Net profit came in at 7.90 billion rupees ($108.95 million) for the three months ended Sept. 30, compared with 4.32 billion rupees a year ago, above analysts' estimates of a net profit of 7.41 billion rupees, according to Refinitiv data.

Axis Bank gains 5% on appointment of Amitabh Chaudhry as the MD & CEO
Posted on 10th September 2018
Axis Bank rallied 5% to Rs 676 on the BSE in early morning deals after the private sector lender on Saturday appointed Amitabh Chaudhry as Managing Director & CEO (MD& CEO) effective January 1, 2019.

“The board of directors of the Bank at its meeting held today has taken on record the approval granted by the Reserve Bank of India (RBI) to the appointment of Shri Amitabh Chaudhry as the Managing Director & CEO of the Bank

Axis Bank’s stock broking arm becomes first in India to offer commodity derivatives trading
Posted on 27th August 2018
The stock-broking arm of India’s Axis Bank on Monday began offering commodity derivatives trading on the Multi Commodity Exchange platform, making it the first subsidiary of a bank to offer the service. The Reserve Bank of India had allowed bank subsidiaries to provide commodity broking services in September last year, as the Securities and Exchange Board of India, the capital market regulator, tries to deepen the market.

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