The Axis Bank board also authorised the bank to borrow/ raise funds in Indian currency/foreign currency by issue of debt instruments up to an amount of Rs35,000 crore
1 min read27 Apr 2018Axis Bank's gross bad loans for the March quarter form 6.77% of its loan book and as the bank stuck to prudence in provisioning, the net bad loan ratio was a less scary 3.4%
1 min read27 Apr 2018Axis Bank posted a shock loss of Rs2,189 crore in the January-March quarter, its first quarterly loss ever, as the private sector lender made heavy provisions against bad loans
2 min read27 Apr 2018Resignations of corporate banking head Sidharth Rath and deputy MD V. Srinivasan come at a time when Axis Bank's corporate portfolio has taken a beating due to asset quality issues
2 min read23 Mar 2018With bad loans recognition and resolution under way, CEO Shikha Sharma's Axis Bank could start putting up a better show from the last quarter of 2017-18
8 min read28 Aug 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared