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Axis Bank rules out cut in base rate for next two months

Last Updated: Friday, September 11, 2015, 22:35

Even as its larger rival HDFC Bank cut base rate by a sharp 35 basis points to 9.35 percent late last month, the third-largest private sector lender Axis Bank Friday ruled out any immediate reduction in its loan pricing.

Axis Bank launches mobile application LIME

Last Updated: Friday, September 11, 2015, 21:21

Axis Bank on Friday launched LIME, a mobile phone application offering wallet, shopping, payments and banking facilities.

Loans to be cheaper as HDFC Bank, Canara cut lending rate

Last Updated: Monday, August 31, 2015, 22:56

Starting a fresh round of rate cuts after repeated calls from RBI, private lender HDFC Bank and state-run Canara Bank Monday lowered their lending rates by up to 0.35 percent, a move that will make home and other loans cheaper for consumers.

Axis Bank cuts deposit rates by 0.50%

Last Updated: Monday, August 31, 2015, 21:14

Axis Bank, country's third largest private sector lender, Monday cut its deposit rates, generally considered a precursor for a lending rate cut, by up to 0.50 percent across maturities.

Axis Bank eyes 50,000 NFC-powered POS machines by 2015-end

Last Updated: Sunday, August 16, 2015, 20:21

Private lender Axis Bank has said a fifth of its point of sales (POS) machines will be NFC-enabled by the end of this year, which will help users pay at shops without going through the tedious process of swiping and entering a PIN.

Axis Bank cuts bulk deposit rates by 0.25%

Last Updated: Monday, July 27, 2015, 20:26

Country's third-largest private sector lender Axis Bank on Monday announced a rate cut of up to 0.25 percent on its bulk deposits across three different maturities.

Trading lifts Axis net 19% to Rs 1,978 cr, provisions zoom

Last Updated: Friday, July 24, 2015, 22:32

Third-largest private lender Axis Bank Friday reported a 19 percent growth in June quarter net at Rs 1,978 crore on jump in treasury income, but provisions were up almost three-fold, which capped the profit surge.

Axis Bank Q1 profit up 19% at Rs 1,978 crore

Last Updated: Friday, July 24, 2015, 15:01

Private sector Axis Bank on Friday reported a 18.70 percent growth in net profit at Rs 1,978.44 crore for the first quarter ended June 30.

Bank stocks gain up to 4% on simplified FDI rules

Last Updated: Thursday, July 16, 2015, 18:34

Bank stocks on Thursday gained up to 4 percent following the government's move to simplify foreign investment regime that boosted investor sentiment.

Axis Bank expects credit growth of 14% in FY16

Last Updated: Sunday, July 12, 2015, 13:40

The bank had recorded a loan growth of 22 per cent in the fiscal ended March 2015 while total deposit increased by 15 per cent during the year.

Axis Bank's mobile transactions double in June

Last Updated: Wednesday, July 8, 2015, 00:49

Third-largest private sector lender Axis Bank Tuesday reported doubling of its number of mobile transactions for June, with the total value touching the Rs 2,400 crore mark.

Axis Bank queues up, cuts base rate by 10 bps to 9.85%

Last Updated: Friday, June 26, 2015, 18:10

A day after its bigger rival ICICI Bank cut its lending rate, the third-largest private lender, Axis Bank, Friday lowered its base rate by 0.10 percent to 9.85 percent, effective June 30.