Axis Bank to Invest Up to ₹3.89 Billion in Axis Max Life Insurance Partnership
Axis Bank announces investment of up to ₹3.89 billion in Axis Max Life Insurance, involving Max Financial Services in strategic partnership. This significant financial commitment demonstrates the bank's focus on expanding insurance business operations through joint venture collaboration.
HSBC Maintains Buy Rating on Axis Bank, Cuts Target Price to Rs 1420 Amid Weaker Demand Outlook
HSBC has maintained its Buy rating on Axis Bank while cutting the target price to Rs 1420 from Rs 1580, citing weaker demand outlook due to Middle East conflict impacts. The brokerage has reduced projections for growth, margins, and earnings per share, while highlighting liability pressures and potential asset risks. HSBC continues to prefer private banks over PSU banks and NBFCs, with select NBFC picks including Cholamandalam Investment and Finance, Shriram Finance, and defensive play LIC Housing Finance.
Citi Maintains Buy Rating on Axis Bank with Rs 1463 Target Price, Expects Strong Q4 Performance
Citi maintains its Buy rating on Axis Bank with a target price of Rs 1463, offering 19.8% upside potential. The brokerage expects strong Q4 performance with ROA above 1.6%, driven by corporate and SME growth. Key positives include declining slippages, stable credit costs around 0.6%, and improving asset quality, with a 30-day catalyst period identified ahead of fourth quarter results.
27Mar 26
Axis Bank Records Rs. 36.52 Crore Block Trade on NSE
Axis Bank completed a major block trade on NSE involving 302,538 shares at Rs. 1207.00 per share, generating a transaction value of Rs. 36.52 crores. This institutional trading activity reflects significant market interest in the banking stock.
Axis Bank Announces Q3 FY26 Results Schedule as Earnings Season Begins
Axis Bank has declared its schedule for announcing Q3 FY26 results as the earnings season begins. The bank joins other NSE and BSE-listed companies in releasing quarterly earnings schedules, providing transparency for investors and market participants.