|Bid||611.55 x 0|
|Ask||612.80 x 0|
|Day's range||594.10 - 618.00|
|52-week range||285.00 - 765.90|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||100.74|
|Forward dividend & yield||N/A (N/A)|
|1y target est||666.77|
Axis Bank <AXBK.NS> said on Monday it has reduced the size of the stake that it plans to buy in Max Life Insurance to 17% from 29%. The private-sector lender's move comes months after media reports said the deal, announced in April, ran into a regulatory roadblock over certain clauses in the agreement. The lender and the insurer did not immediately respond to requests for comment.
The Axis Bank (NSI:AXISBANK) share price has risen by 13.7% over the past month and it’s currently trading at 431.45. For investors considering whether to buy,...
Axis Bank Ltd, India's third biggest private-sector lender, on Tuesday posted a surprise fourth-quarter loss of 13.88 billion rupees ($182.96 million), as it set aside more funds to cover a potential rise in bad loans in a coronavirus-hit economy. Mumbai-based Axis Bank booked provisions of 77.30 billion rupees for the quarter, or nearly three times higher than the year-ago period, including 30 billion rupees towards COVID-19. Separately on Tuesday, Axis Bank said it would buy a 29% stake in insurer Max Life Insurance for about 15.90 billion rupees, giving the lender a seat among rival banks who already have a foothold in the country's life insurance industry.