Axis Bank targets augmenting small-ticket loans this year: MD & CEO Chaudhry
Axis Bank is now focusing on expanding its offerings of small-ticket loans, crop loans to small and marginal farmers, and microfinance business loans.
Stay updated with the latest news and articles about Axis Bank.
Axis Bank is now focusing on expanding its offerings of small-ticket loans, crop loans to small and marginal farmers, and microfinance business loans.
Bank's net interest income (NII) increased by 27%, from $9,384 crore in Q1FY23 to $11,958 crore. Net interest margin (NIM) for Q1FY24 was 4.10%, an increase of 50 basis points (YoY).
The e-commerce giant expands its financial services by partnering with Axis Bank for personal loan distribution.
Vishwanathan's expertise and regulatory experience expected to strengthen Axis Bank's strategic decision-making
Axis Bank’s loss in Q4FY23 adds pressure to the sale
Top stocks to watch today are Axis Bank, Wipro, LTIMindtree, Godrej Consumer, Raymond, besides others.
Axis Bank reported a net profit of 5,330 crore, up 70% year on year, and net interest income (NII) of 10,360 crore, up 31% year on year.
Stocks to Watch Today: Sula Vineyards shares are expected to debut on a shaky note on Thursday.
Stocks to Keep an Eye on Today: As the engineering giant looks to reduce stake in its subsidiaries Nabha Power and Hyderabad Metro, Larsen & Toubro is also likely to witness some action on Tuesday.
Today's stocks to watch include: Carlyle Group and Advent picked up a 9.99 percent stake in YES Bank, while Paytm approved a Rs 850 crore share purchase.
As Nifty futures on the Singapore Exchange traded lower at the 18665 level, the SGX Nifty indicated a flat to negative start for domestic equities.
Today's announcement of the results for the July-September quarter will put a spotlight on the stocks of Reliance Industries, Bajaj Finserv, Ambuja Cements, IDBI Bank, Hindustan Unilever, JSW Steel, and Hindustan Zinc.
Stocks to keep an eye on today: Friday's trading will centre on shares of companies like Electronics Mart India, HDFC Bank, Avenue Supermarts, and others.
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