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Banking stocks slide again as HDFC and Axis weaken dragging Nifty Bank by 440 points

Banking stocks slide again as HDFC and Axis weaken dragging Nifty Bank by 440 points

Heavyweight bank stocks like HDFC Bank and Axis Bank pulled the Nifty Bank index down nearly 440 points, extending market weakness. Analysts cite sentiment pressure from rising oil prices alongside FII outflows. With momentum cooling, attention is turning to near-term support and resistance levels that could decide whether the selloff stabilizes or accelerates.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Axis Bank secures $500 million offshore loan from MUFG to fuel lending

Axis Bank secures $500 million offshore loan from MUFG to fuel lending

Axis Bank has raised a three-year $500 million offshore loan from Mitsubishi UFJ Financial Group, using it to support lending and general business needs. The move highlights mounting pressure on Indian banks as loan growth continues to outpace deposit growth, with Axis reporting 19% loan growth versus 14% deposit growth in the year ended March.

Summarised by Beize from a story on The Economic Times on 7 May 2026

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Axis Bank launches first digital locker focused branch in New Delhi

Axis Bank launches first digital locker focused branch in New Delhi

Axis Bank has opened its first digital locker-focused branch in New Delhi, using automated locker services to improve security and the customer experience. The move targets rising demand for safe deposit lockers in urban areas, where concerns about access and safety are growing. Industry estimates suggest locker requirements could surge significantly by 2030.

Summarised by Beize from a story on The Economic Times on 2 May 2026
RBI approves Subrat Mohanty reappointment as Axis Bank executive director for three years

RBI approves Subrat Mohanty reappointment as Axis Bank executive director for three years

Axis Bank said the Reserve Bank of India has approved Subrat Mohanty’s reappointment as Executive Director for a further three-year term. The extended tenure will start on August 17, 2026 and is scheduled to end on August 16, 2029, keeping him in the role under RBI clearance for the next period.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
Flipkart Launches Face ID Fingerprint Card Payments With Axis Bank and PayU to Cut OTP Delays

Flipkart Launches Face ID Fingerprint Card Payments With Axis Bank and PayU to Cut OTP Delays

Flipkart, in partnership with Axis Bank and PayU, has launched biometric authentication for Axis card payments using Face ID or fingerprint on Android and iOS devices. The move replaces SMS OTP checks, aiming to speed approvals and reduce failed attempts and fraud risks like SIM-swap, using device binding and issuer-side biometric verification.

Summarised by Beize from a story on IndianWeb2 on 28 Apr 2026
Axis Bank shares fall 3% as West Asia provisions surge despite analyst buys

Axis Bank shares fall 3% as West Asia provisions surge despite analyst buys

Axis Bank shares slid about 3% even as 94% of analysts kept a buy rating. Strong loan growth and improved asset quality were offset by a sharp rise in provisions tied to the West Asia conflict, pushing up credit costs. Management chose a cautious path to strengthen buffers, which weighed on near-term performance despite the positive longer-term outlook.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026

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Axis Bank shares tumble 3.5% after Q4 results as stock hits fresh intraday low

Axis Bank shares tumble 3.5% after Q4 results as stock hits fresh intraday low

Axis Bank shares fell sharply on Monday after investors digested the bank’s fourth-quarter earnings report. The stock opened lower, slid more than 3.5% in morning trade, and touched an intraday low around ₹1,299.90. By 10:52 IST, Axis Bank was trading near ₹1,317.80 on the NSE, down about 3.5% from the previous close.

Summarised by Beize from a story on Republic on 27 Apr 2026
Axis Bank shares drop 5% as Q4 profits disappoint and costs climb

Axis Bank shares drop 5% as Q4 profits disappoint and costs climb

Axis Bank shares slid around 5% after a muted Q4FY26. Net profit edged down 0.6% YoY to Rs 7,071 crore, even though both interest income and expenses increased by about 4.7% each. The profit slowdown alongside rising cost pressure spooked investors and dragged sentiment in the stock.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
Axis Bank Q4 profit slips as trading loss and provisions bite despite improving asset quality

Axis Bank Q4 profit slips as trading loss and provisions bite despite improving asset quality

Axis Bank’s Q4 net profit edged down, hit by trading losses and a new provision set aside for potential risks. Even so, the bank reported improved asset quality alongside growth in advances and deposits. Management has recommended a dividend and is also laying groundwork for capital raising to strengthen its balance sheet going forward.

Summarised by Beize from a story on The Economic Times on 26 Apr 2026
Axis Finance raises Rs 750 crore from Kedaara in preferential share sale for expansion

Axis Finance raises Rs 750 crore from Kedaara in preferential share sale for expansion

Axis Finance has raised Rs 750 crore from Kedaara Capital through a preferential issuance, adding to a recent Rs 1,500 crore infusion from Axis Bank. The company says the capital will strengthen its financial base and support expansion across retail, MSME and wholesale lending. Axis Finance’s business also grew 22% to Rs 47,692 crore.

Summarised by Beize from a story on The Economic Times on 25 Apr 2026

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