 | Axis Bank shares climb over 6.5 per cent post earnings announcementOn a standalone basis, the third largest private sector lender reported a 70 per cent increase in its profit after tax for the July-September period at Rs 5,329.77 crore. |
 | Axis Bank net profit jumps 70% at Rs 5,330 croreBank’s income from investments rose at a good pace of over 27% to Rs 4,477.47 crore in the quarter, as against Rs 3,521.64 crore. |
 | Competition Commission clears Axis Bank-Citi dealThe regulator said it has cleared the "acquisition of Citibank, N.A.'s and Citicorp Finance (India) Limited's undertakings comprising of their consumer banking activities by Axis Bank". |
 | Axis Bank Q1 net up 86% to Rs 4,381 croreThe overall non-interest income fell 11% to Rs 2,999 crore, mainly driven by a Rs 667 crore reversal in treasury operations due to mark-to-market losses as the yields harden. |
 | Private sector banks to provide financial services in overseas procurement by Defence MinistryTill now, only authorised public sector banks were utilised to provide services like issuance of letter of credit and direct bank transfers to the ministry for overseas procurement. |
 | Axis MF says cooperating with regulatory authorities in front-running caseAxis AMC has been conducting a Suo moto investigation since February 2022, with assistance from reputed external advisors. |
 | More banks raise MCLR as cost of deposits go upThe MPC next meets on June 6-8 where financial market analysts broadly expect rates to be raised by 35/40-75 bps. |
 | Loans set to get costlier as several banks raise MCLRSBI raised its MCLR by 10 basis points or 0.1 percentage point across all tenures, while the other three have raised it by 5 bps, or 0.05 percent across the board. |
| Axis Bank buys Citibank’s retail businessPurchased for $1.6 bn in an all-cash deal; to integrate 3 mn unique Citibank customers. |
| Axis Bank rolls out 'HouseWorkIsWork' initiative; to bring educated women to workforceThe intent behind this initiative is to give these women the confidence that they are employable, they have skills and they can fit in various job roles in a bank. |
 | All India Bank Employees' Association demands nationalisation of ICICI Bank, Axis Bank in view of recent scamsAIBEA demands Union Government to Nationalise ICICI Bank and Axis Bank as there are serious charges of corruption and nepotism in sanction of loans. |
 | Axis bank writes to BSE over disclosure requirements in Nirav Modi fraud caseIn wake of the fraud being detected by Punjab National Bank, Axis Bank on Thursday wrote to National Stock Exchange and Bombay Stock Exchange. |
 | Punjab National Bank identifies lenders over LoU's issued in Nirav Modi fraud caseThe fraudulently issued Letters of Undertaking (LoUs) from the Mumbai branch of Punjab National Bank (PNB) were in favour of Hong Kong branches of Allahabad Bank and Axis Bank. |
 | Rs 11,363 crore fraud case: Axis Bank says has sold transactions guaranteed by Punjab National BankAxis Bank said on Thursday that it had dealt in transactions that had been guaranteed with letters of undertaking from Punjab National Bank, but it had since sold those transactions. |
 | HDFC Bank, ICICI and Axis to charge Rs 150 after four free transactions per monthThe charges would apply to savings as well as salary accounts effective from today, leading private sector player HDFC Bank said in a circular. |
