RBI’s action against Reliance Capital: Too late

The decision to publicize the Anil Dhirubhai Ambani Group (ADAG) payment default two years after the Reserve Bank of India prompted experts to ask what drove the move at this time. Critics have sharply and rightly said that lenders will have to pay a price for this delay. Reliance Capital was classified as a major … Read more

Axis Bank trades ICICI at 30% discount. Analysts see a rise of up to 64%

New Delhi: The valuation discount of Axis Bank has touched 30 per cent and some brokerages claim that the stock can give up to 64 per cent returns. Axis Bank reported its highest quarterly profit of Rs 3,133 crore (up 86 per cent year-on-year) in the September quarter and its lowest gross non-performing asset (NPA) … Read more

Axis Bank and IndusInd Bank aim to raise Rs 4,000 crore

MUMBAI: Axis Bank is planning to use a window ahead of the RBI’s monetary policy next month to raise around Rs 4,000 crore in perpetual bonds and infrastructure bonds, indicating a reversal of the ultra-loose policy. Maybe, said three people familiar with the matter. Axis Bank aims to raise around Rs 2,000 crore through Additional … Read more

Axis Bank and IndusInd Bank aim to raise Rs 4,000 crore

MUMBAI: Axis Bank is planning to use a window ahead of the RBI’s monetary policy next month to raise around Rs 4,000 crore in perpetual bonds and infrastructure bonds, indicating a reversal of the ultra-loose policy. Maybe, said three people familiar with the matter. Axis Bank aims to raise around Rs 2,000 crore through Additional … Read more

Buy Axis Bank with a target price of Rs 860: Anand Rathi

Anand Rathi has a buy call on Axis Bank with a target price of Rs 860 . Axis Bank Ltd. , The current market price of Rs.694.4 is Rs. price can reach its target. Its tenure is one year when Axis Bank Ltd. price may reach the target. Axis Bank Limited, incorporated in the year … Read more

Real capex will resume in 9-12 months. Amitabh Choudhary, CEO of Axis Bank says

Even as large corporations tighten greenfield and brownfield investment plans, Axis Bank CEO Amitabh Choudhary believes real capex will revive in the next 9-12 months indicating revival of credit offtake Will give Choudhary, who was re-appointed as the bank’s MD for another three years, tells Saloni Shukla that he had led the bank to a … Read more

Lenders report sharp rise in bad loan collections

ICICI Bank, Axis Bank and Punjab National Bank (PNB) have reported sharp growth in bad loan recovery in Q2, mainly due to improvement in retail collections which fell sharply in Q1 through the second wave of COVID-19 . Bankers and analysts said the recovery in recovery is another indicator of improving consumer sentiment and heralding … Read more

Lenders excited to reach new peak of credit card swipes

Buoyed by the excitement of the festive season, credit card spending climbed over 50% on a monthly basis in October and continued to rise in early November. Industry-wide data from September showed record credit card spends of over ₹80,000 crore in September alone, and they are expected to break record highs in October and November. … Read more

ESG fund collection may hit record high this year

Indian companies are set to set a record in raising funds with the ESG (Environmental, Social and Governance) tag this year, as banks are on the bandwagon before the Reserve Bank of India (RBI) to come up with its own guidelines on ESG compliance. have joined. With regulatory push accelerating after Prime Minister Narendra Modi … Read more