Axis Bank News

Private sector lender Axis Bank on Wednesday posted a 40.5 per cent increase in standalone net profit at Rs 5,797 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.

Equity benchmark index Sensex ended a three-session losing streak to close nearly 450 points higher on Tuesday, helped by intense buying in index majors HDFC twins, ICICI Bank and Axis Bank amid a mixed trend in the global markets.

Shares of Axis Bank declined over 2 per cent on Friday after the company reported a Rs 5,361 crore loss on a consolidated basis for the January-March period.

Private sector lender Axis Bank on Thursday reported a net loss of Rs 5728.42 crore for the March 2023 quarter on account of the acquisition of the retail consumer business of CitiIndia.

Axis Bank had last year announced that it is starting the process of acquiring Citibank's consumer and non-banking finance businesses in India.

The transaction, announced in March 2022, has been closed for a cash consideration of Rs 11,630 crore ($1.41 billion).

ITC topped the Sensex gainers' chart with a jump of 3.31 per cent, followed by Reliance Industries, Bajaj Finance, ICICI Bank, Infosys, Axis Bank and Wipro.

Among Sensex shares, Ultratech Cement, SBI, IndusInd Bank, Axis Bank, HDFC Bank, Kotak Bank, L&T, Reliance Industries,Tech Mahindra, Wipro, Infosys and TCS were the major losers.

From the Sensex pack, Tata Steel, Larsen & Toubro, HDFC, Wipro, HDFC Bank, Bharti Airtel, NTPC, ITC, Axis Bank and ICICI Bank were the prominent gainers.

Axis Bank, ICICI Bank, UltraTech Cement and Hindustan Unilever were the winners.

From the Sensex pack, Axis Bank, Titan, Tata Consultancy Services, Tech Mahindra, IndusInd Bank, Wipro, Nestle and Bajaj Finance were among the major winners.

Bajaj Finance, Axis Bank, Tata Motors, Tech Mahindra, State Bank of India, Tata Consultancy Services, Kotak Mahindra Bank and Asian Paints were among the winners.

From the Sensex pack, Tata Steel, Tata Motors, ICICI Bank, Axis Bank, Mahindra & Mahindra, Reliance Industries, NTPC and Bharti Airtel were the prominent winners.

Axis Bank, IndusInd Bank, ICICI Bank, SBI, L&T, Infosys, M&M and Maruti were major gainers among Sensex stocks.

Burgundy Private, Axis Bank's private banking business and Hurun India released their list of India's 500 most valuable companies last week. While listed companies are ranked as per the market capitalisation, valuations are used for non-listed firms.

Private sector lender Axis Bank on Wednesday posted a 40.5 per cent increase in standalone net profit at Rs 5,797 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.

Equity benchmark index Sensex ended a three-session losing streak to close nearly 450 points higher on Tuesday, helped by intense buying in index majors HDFC twins, ICICI Bank and Axis Bank amid a mixed trend in the global markets.

Shares of Axis Bank declined over 2 per cent on Friday after the company reported a Rs 5,361 crore loss on a consolidated basis for the January-March period.

Private sector lender Axis Bank on Thursday reported a net loss of Rs 5728.42 crore for the March 2023 quarter on account of the acquisition of the retail consumer business of CitiIndia.

Axis Bank had last year announced that it is starting the process of acquiring Citibank's consumer and non-banking finance businesses in India.

The transaction, announced in March 2022, has been closed for a cash consideration of Rs 11,630 crore ($1.41 billion).

ITC topped the Sensex gainers' chart with a jump of 3.31 per cent, followed by Reliance Industries, Bajaj Finance, ICICI Bank, Infosys, Axis Bank and Wipro.

Among Sensex shares, Ultratech Cement, SBI, IndusInd Bank, Axis Bank, HDFC Bank, Kotak Bank, L&T, Reliance Industries,Tech Mahindra, Wipro, Infosys and TCS were the major losers.

From the Sensex pack, Tata Steel, Larsen & Toubro, HDFC, Wipro, HDFC Bank, Bharti Airtel, NTPC, ITC, Axis Bank and ICICI Bank were the prominent gainers.

Axis Bank, ICICI Bank, UltraTech Cement and Hindustan Unilever were the winners.

From the Sensex pack, Axis Bank, Titan, Tata Consultancy Services, Tech Mahindra, IndusInd Bank, Wipro, Nestle and Bajaj Finance were among the major winners.

Bajaj Finance, Axis Bank, Tata Motors, Tech Mahindra, State Bank of India, Tata Consultancy Services, Kotak Mahindra Bank and Asian Paints were among the winners.

From the Sensex pack, Tata Steel, Tata Motors, ICICI Bank, Axis Bank, Mahindra & Mahindra, Reliance Industries, NTPC and Bharti Airtel were the prominent winners.

Axis Bank, IndusInd Bank, ICICI Bank, SBI, L&T, Infosys, M&M and Maruti were major gainers among Sensex stocks.

Burgundy Private, Axis Bank's private banking business and Hurun India released their list of India's 500 most valuable companies last week. While listed companies are ranked as per the market capitalisation, valuations are used for non-listed firms.