Latest news with #AxisBank
Time of India
5 hours ago
- Business
- Time of India
Axis Bank Share Price Live Updates: Axis Bank Closes at Rs 1099.60
Welcome to the Axis Bank Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of Axis Bank, including: Last traded price 1099.6, Market capitalization: 341130.73, Volume: 15905500, Price-to-earnings ratio 12.24, Earnings per share 89.84. Our liveblog offers a complete overview of Axis Bank through a blend of fundamental and technical indicators. Stay informed about breaking news that can shape Axis Bank's performance in the market. Our market analysis and expert opinions empower you to make informed investment decisions. Join us as we unravel the potential of Axis Bank in the ever-changing market landscape. The data points are updated as on 04:09:12 PM IST, 21 Jul 2025 Show more Show less
Economic Times
8 hours ago
- Business
- Economic Times
Axis Bank shares slip 2% after Q1 profit hit linked to RBI-driven bad loan spike
Axis Bank shares declined 2.4% to hit the day's low of Rs 1,072.60 on the BSE in Monday's trade after the bank reported a weaker-than-expected Q1FY26 performance, impacted by a sharp increase in provisions for bad loans, as a result of an intervention by the Reserve Bank of India (RBI). ADVERTISEMENT The lender's net profit for the June 2025 quarter fell 4% year-on-year to Rs 5,806 crore, missing market estimates. According to CNBC-TV18, regulatory intervention by the RBI played a role in the bank's unexpected rise in bad loan provisions. RBI's supervisory review reportedly required Axis Bank to revisit its asset classification and stress recognition practices, especially within its unsecured retail and small business loan books. Sources cited by CNBC-TV18 revealed that the RBI had flagged Axis Bank's internal policies as overly lenient in identifying stressed loans, leading to under-recognition or delayed recognition of non-performing assets (NPAs).While Axis Bank was technically compliant with regulatory guidelines on income recognition and provisioning, its internal framework was seen as too permissive, prompting the RBI to instruct corrective action last result of this course correction became visible in Q1FY26 as provisions spiked, weighing on profitability. The bank had attributed Rs 614 crore of the hit on its bottom line to a 'technical impact' in its results for the quarter ended June 2025. ADVERTISEMENT Also read: Early Q1 results show a slowdown in revenue and profit growth for Indian companies On paper, Axis Bank followed regulatory norms for NPA recognition, but CNBC-TV18 reported that its internal policies lacked qualitative rigour. While complying with regulatory standards quantitatively, the bank's practices reportedly did not align with the intended spirit of the regulations. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
10 hours ago
- Business
- Time of India
Axis Bank shares slip 2% after Q1 profit hit linked to RBI-driven bad loan spike
Axis Bank shares declined 2.4% to hit the day's low of Rs 1,072.60 on the BSE in Monday's trade after the bank reported a weaker-than-expected Q1FY26 performance , impacted by a sharp increase in provisions for bad loans, as a result of an intervention by the Reserve Bank of India (RBI). The lender's net profit for the June 2025 quarter fell 4% year-on-year to Rs 5,806 crore, missing market estimates . Explore courses from Top Institutes in Select a Course Category Degree PGDM MCA Data Science Data Analytics Operations Management Project Management healthcare CXO Digital Marketing Public Policy Cybersecurity Others Technology Leadership Management Healthcare Finance Artificial Intelligence MBA Product Management Design Thinking Data Science others Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More According to CNBC-TV18, regulatory intervention by the RBI played a role in the bank's unexpected rise in bad loan provisions. RBI's supervisory review reportedly required Axis Bank to revisit its asset classification and stress recognition practices, especially within its unsecured retail and small business loan books. Sources cited by CNBC-TV18 revealed that the RBI had flagged Axis Bank's internal policies as overly lenient in identifying stressed loans, leading to under-recognition or delayed recognition of non-performing assets (NPAs). While Axis Bank was technically compliant with regulatory guidelines on income recognition and provisioning, its internal framework was seen as too permissive, prompting the RBI to instruct corrective action last quarter. Live Events The result of this course correction became visible in Q1FY26 as provisions spiked, weighing on profitability. The bank had attributed Rs 614 crore of the hit on its bottom line to a 'technical impact' in its results for the quarter ended June 2025. Also read: Early Q1 results show a slowdown in revenue and profit growth for Indian companies On paper, Axis Bank followed regulatory norms for NPA recognition, but CNBC-TV18 reported that its internal policies lacked qualitative rigour. While complying with regulatory standards quantitatively, the bank's practices reportedly did not align with the intended spirit of the regulations. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
India Today
10 hours ago
- Business
- India Today
Sensex opens flat, Nifty below 25,000; RIL falls 2%
Benchmark stock market indices opened flat on Monday as IT sector and PSU banking stocks fell in early trade. RIL shares also fell nearly 2%, dragging the markets S&P BSE Sensex was down by 130.29 points to 81,627.44, while the NSE Nifty50 lost 48.95 points to 24,919.45 as of 9:22 VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that the single most important factor which the market will be focusing on in the coming days will be the outcome of the trade talks between the US and India."If an interim trade deal between the two countries is reached with a tariff rate of less than 20 % on India, that would be a positive from the market perspective," he stock market started weak on Monday, with many top companies falling just after the opening biggest losers in erly trade were Reliance Industries, which dropped by 1.95%, followed by Axis Bank, down 1.72%. Mahindra & Mahindra slipped 1.17%, Infosys fell 1.04%, and HCL Technologies declined by 0.97%.However, a few stocks opened in green. Tata Steel led the gainers with a rise of 1.60%. HDFC Bank was next, gaining 1.34%, followed by Eternal at 1.11%. ICICI Bank added 0.80%, and UltraTech Cement rose by 0.53%.advertisementThe Nifty Midcap100 fell 0.37% while Nifty Smallcap100 declined 0.52%, but India VIX jumped 2.17%. Among the sectoral indices, only a few showed positive momentum with Nifty Pharma leading at 0.59%, followed by Nifty Metal at 0.47% and Nifty Financial Services at 0.14%. Nifty Private Bank remained flat with no Oil & Gas faced the biggest decline at 1.14%, followed by Nifty PSU Bank which dropped 0.88% and Nifty IT at 0.86%. Other losers included Nifty Auto at 0.62%, Nifty Healthcare at 0.58%, Nifty Media at 0.56%, Nifty FMCG at 0.51%, Nifty Consumer Durables at 0.38%, and Nifty Realty at 0.19%."Weekend Q1 results were good with ICICI Bank reporting the best numbers, particularly in PAT and credit growth. HDFC Bank also reported steady set of numbers. In the banking results, so far, Axis Bank's numbers are the most disappointing,said Vijayakumar.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- EndsMust Watch
Mint
11 hours ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend six shares to buy today — 21 July 2025
Stocks to buy under ₹ 100: In the last session of the previous week, the Indian stock market witnessed sharp selling. Among the key benchmark indices, Nifty 50 and BSE Sensex lost over half a per cent, while the Bank Nifty index lost close to one per cent. Wipro, Bajaj Finance, and Tata Steel showcased strength, emerging as the top performers on the Nifty. Conversely, Axis Bank, Shriram Finance and BEL concluded the session as major losers. Trading volumes on the NSE cash market were slightly lower by 2% compared to yesterday. The broader market also experienced profit booking, mirroring the benchmark indices. The Nifty Midcap 100 fell by 0.70%, while the Nifty Smallcap 100 declined by 0.82%. Market breadth remained negative, with declining stocks outnumbering advancing ones on the BSE, as indicated by an advance-decline ratio of 0.70. Amongst the sectoral indices, Media, Metal, and IT managed to end up as major gainers, showcasing some resilience. However, Nifty Private banks, Consumer durables, and Financial services faced the steepest declines, contributing significantly to the overall market fall. On the Indian stock market's outlook today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "Overall, we expect the market to remain in consolidation mode amid continued global trade uncertainty and a subdued start to the Q1FY26 earnings season. Key results on Monday include Ultratech Cement, Eternal, IDBI Bank, Havells, and Oberoi Realty, among others." Speaking on the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The underlying trend of Nifty remains weak. A slide below the 24,900 levels could open more weakness down to 24,500 in the coming week. However, any pullback rally from here could find strong overhead resistance around 25,250." Asked about the outlook of the Bank Nifty index, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, 'The Bank Nifty index succumbed to heavy profit booking post the weak result outcome of Axis Bank, which dragged the index to breach below the near-term support of the 56,600 zone and has slightly weakened the bias with the next major and crucial support positioned near the 50EMA zone at the 55,900 level, which needs to be sustained. On the upside, as mentioned earlier, it would need to breach above the resistance zone of 57,600 level and expect fresh higher targets of 58,500 and 60,000 levels in the coming days.' Regarding stocks to buy today, Sumeet Bagadia, Executive Director at Choice Broking; Mehul Kothari, Deputy Vice President of technical Research at Anand Rathi; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment, recommended these six intraday stocks for today under ₹ 100: Nova Agritech, Manali Petrochemicals, Yes Bank, UCO Bank, Shriram Properties, and Jagran Prakashan. 1] Nova Agritech: Buy at ₹ 58.97, Target ₹ 64, Stop Loss ₹ 57; and 2] Manali Petrochemicals: Buy at ₹ 79.25, Target ₹ 85, Stop Loss ₹ 76. 3] Yes Bank: Buy at ₹ 20.17, Target ₹ 23, Stop Loss ₹ 19; and 4] UCO Bank: Buy at ₹ 32.13, Target ₹ 36, Stop Loss ₹ 30. 5] Jagran Prakashan: Buy at ₹ 74.20, Targets ₹ 77.60, ₹ 78.30, Stop Loss ₹ 72.50. 6] Shriram Properties: Buy at ₹ 96.40, Target ₹ 102, Stop Loss ₹ 92.
