India’s 3rd Largest Private Bank Fixes Record Date For Final Dividend; Buy The Stock To Be Eligible? Goodreturns
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Category: Axis bank
Kotak Mahindra Bank tanks 13% on RBI whip, mcap dips to ₹3.19 lakh crore; Axis Bank now India’s 4th largest lender
Kotak Mahindra Bank shares have crashed almost 13 per cent since the Reserve Bank of India (RBI) barred the private-sector lender from onboarding any new customers till further notice, after finding ‘’serious deficiencies” in its IT infrastructure. Kotak Mahindra Bank’s market capitalisation (mcap) has shrunk to ₹3.19 lakh crore in two days, losing its rank as India’s fourth largest lender.
On the other hand, Axis Bank has overtaken Kotak Mahindra Bank to become India’s fourth largest bank as…
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Axis Bank Outlook for the Week (April 29, 2024 – May 03, 2024)
Axis pips Kotak Bank as 3rd most valued private bank – The Times of India
Axis pips Kotak Bank as 3rd most valued private bank The Times of IndiaKotak Mahindra Bank tanks 13% on RBI whip, Axis now India’s 4th biggest lender MintRBI restrictions on Kotak Mahindra Bank: What it means for customer, banking and credit card services – F The Times of IndiaKotak Mahindra Bank: Here’re Mutual Funds With Largest Holding In The Bank Outlook IndiaAshneer Grover mocks Kotak Mahindra Bank: ‘LOL! Banks se tech nahi ho rahi’ Hindustan Times
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Bajaj Finance Q4 Results Review
Axis Securities Report
Healthy operating metrics:Bajaj Finance Ltd. added 3.23 million customers (+5/-16% YoY/QoQ) during the quarter versus 3.1/3.9 million customer YoY/QoQ, taking the total customer base to 83.64 million customers (+21/4% YoY/QoQ). The company booked ~7.9 million loans during the qtr. (+4/-20% YoY/QoQ). The new loans booked during the quarter were lower by approximately 0.8 million on account of the restrictions placed by the RBI, on sanction and disbursal…
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Sandip Sabharwal: May consider cement pack after a few months; Axis Bank a candidate for rerating: Sandip Sabharwal
Sandip Sabharwal, asksandipsabharwal.com, says the Axis Bank stock needs to get re-rated higher. It trades at 1.8 times book while most of the other large private sector banks are more near 2.7 to 3 times. It trades at valuations which are 35% cheaper than HDFC Bank while on most parameters it is doing maybe as well or better in terms of gross NPAs, net NPAs, provision coverage, return on equity across the board.Disadvantage Kotak is turning out to be advantage with good numbers from Axis and the entire PSB bank pack is also holding out very smartly. SBI had a solid 4.25% move, the smaller ones are holding out well. What is it that you have made of the RBI move on Kotak banning addition…
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afaqs! CMO Dialogues with Anoop Manohar, CMO, Axis Bank
afaqs! CMO Dialogue features interviews with chief marketing officers where we find out what influences the marketing strategies of leading brands and how CMOs are navigating the ever-changing marketing landscape. Anoop Manohar, chief marketing officer at Axis Bank, has over 22 years of experience in sales and marketing and has worked at companies like Hindustan Unilever and The Coca-Cola Company in the past. A marketer with deep experience in the FMCG space across categories like laundry and household care, dairy, coffee and even premium water, he brings a fresh perspective to marketing in the BFSI category. Edited excerpts from the interview:On changes in marketing and sales function…
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Source: https://www.afaqs.com/news/mktg/afaqs-cmo-dialogues-with-anoop-manohar-cmo-axis-bank
Top Gainers and Losers today on 25 April, 2024: Axis Bank, State Bank Of India, Kotak Mahindra Bank, LTI Mindtree among most active stocks; Check full list here
The Nifty closed at 22,402.4, registering a gain of 0.75% for the day. Throughout the trading session, the Nifty reached a high of 22,625.95 and a low of 22,305.25. On the other hand, the Sensex traded between 74,571.25 and 73,556.15 and closed at 73,852.94, up by 0.66%, which was 486.5 points higher than the opening price.
In comparison to the Nifty 50, the Nifty Midcap 50 underperformed and closed 0.45% higher….
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Axis Bank Q4 Results Review
With steady loan growth, higher treasury income and favorable asset quality, Axis Bank Ltd. reported 17% profit after tax growth QoQ. Deeper branch penetration, focus on granularisation and an agile management would drive ~17% operating profit growth over FY24-26.Due to greater consistency, we retain a ‘Buy’. At our target price, the stock would trade at 1.8 times price/book on its FY26e book unchanged, with the subsidiaries d at Rs 57 a share.Risks:Lumpy growth in deposits; higher-than-expected capital usage.Click on the attachment to read the full report:DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is…
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Kotak Mahindra Bank, Axis Bank, Hindustan Uniliver, Vodafone Idea
SummaryKotak Mahindra Bank will be key stock in focus after RBI barred it from acquiring new customers through its online and net banking platforms. Further, it is also advised to desist from issuing new credit cards as wellIndian markets are expected to open in the negative, led by mixed global cues and domestic triggers. The US markets managed to close marginally positively. However, post-market earnings reported by META weakened guidance for growth, which could dampen the outlook for the markets.
Asian markets are trading mixed, with Japanese markets trading 1.7% lower, while Chinese markets are trading in green with 0.5% to 1% gains on Thursday.
Key stocks to watch
Axis Bank reported…
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