|Bid||1,018.20 x 0|
|Ask||0.00 x 0|
|Day's range||1,008.35 - 1,027.00|
|52-week range||706.00 - 1,047.45|
|Beta (5Y monthly)||0.94|
|PE ratio (TTM)||25.46|
|Earnings date||18 Oct 2023 - 23 Oct 2023|
|Forward dividend & yield||1.00 (0.10%)|
|Ex-dividend date||07 Jul 2023|
|1y target est||666.77|
Axis Bank Ltd has launched a unique transaction banking platform, 'NEO for Business', on Friday, specifically designed for Indian Micro, Small, and Medium Enterprises (MSMEs). This move comes as MSMEs, which account for more than 30% of Indian GDP, are rapidly shifting towards digital payments over cash.
NEW DELHI (Reuters) -The co-CEO of Axis Bank's investment banking unit Axis Capital, Chirag Negandhi, has resigned, according to an internal memo seen by Reuters on Friday. The investment bank will likely tap an outside candidate for Negandhi's role, two sources with direct knowledge of the matter told Reuters. Axis Capital named another co-Chief Executive Salil Pitale as the interim managing director and CEO, as per the memo.
India's Axis Bank on Wednesday said it will raise its stake in insurer Max Life to 16.2% from 9.99% by infusing 16.12 billion rupees ($194.6 million) through a preferential allotment of shares. Axis Bank along with its entities acquired a 12.99% stake in Max Life in 2021, and through this new investment they will own 19.02% in the insurer. Max Financial Services, the holding company of Max Life, will hold about 80.98% in the insurer.