Thursday, December 19

Tag: axis bank

Stocks to Watch: IDBI Bank, Jio Financial, Axis Bank, Ashok Leyland, Titan, and Others
21Aug By adminNo Comments
Business

Stocks to Watch: IDBI Bank, Jio Financial, Axis Bank, Ashok Leyland, Titan, and Others

Stocks to Watch on August 21: Nifty futures traded 17.5 points, or 0.09 per cent, lower at 19,312, signaling that Dalal Street was headed for a negative start on Monday. Here’s a slew of stocks that will be in focus today for various reasons.Titan: Titan has acquired an additional 27 per cent stake in omni-channel jewellery brand CaratLane for Rs 4,261 crore. Titan is buying shares owned by CaratLane founder and his family members “representing 27.18 per cent", the company said in a statement.IDBI Bank: The proposed sale of the government’s stake in IDBI Bank is unlikely to happen this fiscal, posing a challenge to the Centre’s ability to meet the Rs 51,000 crore disinvestment target for the year. The government expected more than Rs 15,000 crore from the IDBI Bank stake sale, the financi...
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HDFC Bank: HDFC Bank’s Jagdishan highest paid bank CEO in FY23 with Rs 10.55cr pay
6Aug By adminNo Comments
Business

HDFC Bank: HDFC Bank’s Jagdishan highest paid bank CEO in FY23 with Rs 10.55cr pay

MUMBAI: HDFC Bank's Sashidhar Jagdishan has emerged as the highest-paid bank chief executive in FY23, grossing over Rs 10.55 crore in overall pay.Jagdishan's colleague Kaizad Bharucha, the deputy managing director of the largest private sector lender, drew Rs 10 crore for the fiscal year and may be the second-highest grossing banker in the country, according to disclosures made in annual reports.Among the bank CEOs, Axis Bank's Amitabh Chaudhry's Rs 9.75 crore payout was the second biggest and he was closely followed by Sandeep Bakhshi of bigger rival ICICI Bank, who drew Rs 9.60 crore for the fiscal year.Uday Kotak, who holds over 26 per cent of Kotak Mahindra Bank, continued with his decision to take a token Re 1 as remuneration started in the pandemic, even in FY23.At a time when the b...
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Stocks to Watch: Tech M, RVNL, RIL, Axis Bank, RBL Bank, Nestle India, and Others
27Jul By adminNo Comments
Business

Stocks to Watch: Tech M, RVNL, RIL, Axis Bank, RBL Bank, Nestle India, and Others

Stocks to Watch on July 27: Nifty futures traded 0.5 points, or 0.00 per cent, higher at 19,984.50, signaling that Dalal Street was headed for a muted start on Thursday. Here’s a slew of stocks that will be in focus today for various reasons.Q1 results today: Nestle India, ACC, Bajaj Finserv, Indian Hotels, Indian Bank, Indus Towers, Ajanta Pharma, Arvind, Astec Lifesciences, Bharat Electronics, Birlasoft, Dr Lal PathLabs, Laurus Labs, Macrotech Developers, RailTel and Ujjivan Small, among othersAMCs/RIL: BlackRock, the world’s largest asset manager, has joined forces with Mukesh Ambani-led Jio Financial Services (JFS) for a foray into India’s asset management space. The move will mark the US-based investment manager’s re-entry into the domestic market. It will also provide the recently h...
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Net profit up 40.5% YoY, gross NPAs down to 1.96%
26Jul By adminNo Comments
Business

Net profit up 40.5% YoY, gross NPAs down to 1.96%

Axis Bank (Photo: Bloomberg) Axis Bank on Wednesday reported a 40.5 per cent in its standalone net profit in the quarter ended June at Rs 5,797.10 crore as compared to Rs 4,125.26 crore in the same quarter last year. In the previous quarter, which ended on March 31, the bank reported a loss of Rs 5,28.42 crore. The bank's net interest income (NII) grew 27 per cent year-on-year (YoY) and 2 per cent quarter-on-quarter (QoQ) to Rs 11,959 crore. The net interest margin (NIM) for Q1FY24 stood at 4.10 per cent, up 50 basis points YoY. The bank's gross non-performing assets (GNPAs) at 1.96 per cent declined by 80 bps YOY and 6 bps QoQ. The net NPA at 0.41 per cent declined 23 bps YOY. The recoveries from written-off accounts for the quarter were Rs 554 crores. The over...
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