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Axis Bank Limited (AXISBANK.BO)
| Previous close | 1,063.70 |
| Open | 1,098.30 |
| Bid | 1,127.70 x 0 |
| Ask | 1,128.35 x 0 |
| Day's range | 1,086.10 - 1,132.60 |
| 52-week range | 853.75 - 1,151.50 |
| Volume | |
| Avg. volume | 968,552 |
| Market cap | 3.483T |
| Beta (5Y monthly) | 0.88 |
| PE ratio (TTM) | 13.27 |
| EPS (TTM) | 84.99 |
| Earnings date | 24 Jul 2024 - 29 Jul 2024 |
| Forward dividend & yield | 1.00 (0.09%) |
| Ex-dividend date | 07 Jul 2023 |
| 1y target est | 666.77 |
ReutersBain Capital to sell $429 million stake in India's Axis Bank, term sheet shows
MUMBAI (Reuters) -Bain Capital plans to sell stake worth $429 million in Indian private lender Axis Bank on Tuesday, according to a term sheet seen by Reuters. The private equity firm, which first purchased shares in the bank in November 2017, will exit its entire holding with Tuesday's stake sale, a source familiar with the matter told Reuters. Bain Capital will sell about 33.40 million shares of the lender, representing an over 1% stake, at an offer price in the range of 1,071 rupees to 1,076.05 rupees per share, the term sheet showed.
ReutersIndia's Paytm likely to partner with four banks for enabling UPI transactions, sources say
India's troubled Paytm is likely to partner with Axis Bank, HDFC Bank, State Bank of India and Yes Bank for processing transactions via the popular unified payments interface (UPI), two sources aware of the development said. The central bank has asked Paytm Payments Bank, the banking unit of Paytm to wind down its business by March 15, leading to disruption for the popular payment app. UPI is India's real-time payments system, operated by the National Payments Corporation of India (NPCI), that allows users to transfer money across banks.
ReutersFiscally prudent India budget gives RBI liquidity wriggle room -Axis Bank's Gambhir
The Indian government's plan to tighten fiscal policy next financial year has not only boosted sovereign bonds but could also push the country's central bank to ease its stance on liquidity, the treasury head of Axis Bank said on Friday. "Since the government has planned for fiscal consolidation and has opted for more aggressive fiscal tightening, it opens up room for the Reserve Bank of India to be somewhat more accommodative," said Neeraj Gambhir, group executive and head of treasury, markets & wholesale banking products. Gambhir said both fiscal and monetary policy cannot be loose simultaneously, particularly as inflation is running above target.
