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22 Jan, 2012

Axis Bank: stability play

It was not unexpected as the cost of funds increased to 6.34% compared with 6.19% the previous quarter. Second, though overall deposits grew 25%, low-cost current and savings account deposits stood at around 42%, a slight slip from the quarter ago


Source: Livemint.com

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21 Jan, 2012

Axis Bank beats St, net rises 24%

Fee income helps bank post `1,100 crore profit in Q3


Source: DNA Money

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20 Jan, 2012

Axis Bank profit rises 24% on loan growth

Lender posts Rs 1,102.27 cr profit; to focus on retail loans, unlikely to complete Enam deal by March quarter


Source: Livemint.com

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20 Jan, 2012

Interest, fee income lift Axis Bank net 24% in Q3

Axis Bank's net profit increased by 24 per cent to Rs 1,102 crore for the third quarter ended December 31, 2011 from Rs 891 crore in the corresponding year-ago quarter, on the back of robust growth...


Source: The Hindu Business Line

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20 Jan, 2012

Axis Bank profit rises 24% on loan demand

The bank set aside Rs422.33 crore for bad loans, up from Rs313.88 crore last year as total non-performing assets increased to Rs1,914.51 crore from Rs 1,482.89 crore


Source: Livemint.com

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20 Jan, 2012

Axis Bank Q3 Preview: PAT seen up 11%, YoY

Axis Bank will declare its third quarter results today. According to a Bloomberg UTV poll, the bank's net interest income (NII) is seen at Rs 2,130 cr vs Rs 1, 732 cr, up 23%, year-on-year. Profit after tax (PAT) is expected at Rs 990 cr vs Rs 891 cr, up 11%, YoY.


Source: BloombergUTV.com

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15 Dec, 2011

Shikha Sharma: Axis Bank's credit growth may be around 20% in FY12

Shikha Sharma, MD and CEO Shikha Sharma said margins will have to be protected, as there are some pockets of stress in terms of asset quality due to slowdown


Source: BloombergUTV.com

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06 Dec, 2011

Axis Bank  to focus on retail, pare corporate loans

Bank sets target of increasing its retail loan portfolio to 30% of total loans, up from 21% at the end of September


Source: Livemint.com

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06 Dec, 2011

Axis Bank eyes retail loans in smaller cities

The bank has set a target of increasing its retail loan portfolio to 30% of total loans


Source: Livemint.com

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28 Nov, 2011

Axis Bank latest to do a rethink on infra exposure

Axis Bank is closely monitoring its exposure to infrastructure projects, a senior official said, joining other banks who have turned cautious amid a slowdown in the sector.


Source: The Financial Express

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