Axis Bank, the third-largest private sector lender, Tuesday reported a net profit of Rs 3,133.32 crore for the July-September period on a standalone basis, which is its highest-ever for any quarter.
The bank had reported profit of Rs 1,682.67 crore, for the same quarter last fiscal year. Net interest income was up by 7.8% to Rs 7,900 crore while Net interest margin contracted to 3.39% in the quar
Customers will be offered up to 20 per cent discount on purchases from select 2,500 local merchants across 50 cities.
Environmental, Social and Governance (ESG) is a measure which investors use as a tool to assess how good the practices of a company are.
Axis Bank has listed its USD 600 million Additional Tier 1 sustainable bonds on IFSC exchanges at Gujarat International Finance Tec-City.
The lender said that its policies will ensure account holders from the LGBTQIA+ community people are able to nominate their partners in their bank accounts.
This is the maiden USD AT1 bond by an Indian issuer in a sustainable format and first time that the bank has accessed international bond markets after a 4-year hiatus.
The shareholders of the bank had approved the proposal in bank's annual general meeting in July.
Tata Steel was the top gainer in the Sensex pack, rising over 2 per cent, followed by NTPC, SBI, Axis Bank, HDFC Bank and PowerGrid, while Tech Mahindra and Dr Reddy's were among the laggards.
Titan was the top gainer in the Sensex pack, rising around 2 per cent, followed by Axis Bank, Bharti Airtel, HDFC, Maruti, Bajaj Finserv, Infosys and Reliance Industries.
Launched in July 2019, there are about 1.2 million such co-branded credit cards, where Mastercard is the sole card network.
Amazon Web Services (AWS) has clinched a multi-year contract for transforming the digital operations of India’s third largest private lender Axis Bank.
Axis Bank awaiting regulatory, stakeholders nod to reclassify three promoters as public shareholders
Three entities United India Insurance, National Insurance and New India Assurance have made a request to reclassify them to 'public' category from 'promoter' category.
The appointment will be subject to the approval of the Reserve Bank of India and shareholders of the bank, Axis Bank said in a regulatory filing.
Private lender sector Axis Bank expects collections to slow down in the coming weeks as the second wave of Covid-19 sweeps the country, impacting movement of executives on the ground.