Why is Axis Bank share going down?
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The decline in shares is mainly seen as profit booking post the bank registered a weak operating performance during the quarter. The private lender stock has almost erased the gains of the last three weeks, which were nearly 8 per cent higher, it hit a life high of Rs 867 apiece on October 25, 2021.
Is Axis Bank a problem?
A pandemic close on the heels of an adverse corporate loan cycle has stretched Axis Bank Ltd’s asset quality problems. The private sector lender had to set aside 75\% of its operating profit as provisions in the December quarter, which meant that its net profit dropped 36\% from the year-ago period.
Is Axis Bank safe for investment?
Axis Bank is the third-largest bank in the private banking sector in India and hence it is very safe to invest. Also, it provides securable services for Retail banking, corporate banking and international banking operations.
Where is the head office of Axis Bank?
Mumbai, India
Axis Bank/Headquarters
Where can I invest money safely?
5 Safe Investment Options with High Returns in India
- Capital Guarantee Plan.
- Public Provident Fund (PPF)
- Bank Fixed Deposit.
- National Pension Scheme (NPS)
- Unit Linked Insurance Plan (ULIP)
Is Axis Bank PPF safe?
The PPF scheme is framed under the PPF Act of 1968, and is a Government-backed long-term saving scheme. Hence, PPF is one of the safest investment instruments ––– the money invested in a PPF account remains safely yours for life! Rs 500 p.a. Rs 1,50,000 p.a.
As on 14th Dec 2021 IOB Share Price closed @ 21.65 and we RECOMMEND Buy for LONG-TERM with Stoploss of 18.96 & Buy for SHORT-TERM with Stoploss of 21.56 we also expect STOCK to react on Following IMPORTANT LEVELS.
Who is owner of Axis Bank?
Amitabh Chaudhry (Jan 1, 2019–)
Axis Bank/CEO
What is the full name of Axis Bank?
United Trust of India
Full form of Axis Bank Full form of UTI Bank: United Trust of India. Actually, AXIS bank has no Full form. Axis bank origin was in 1993 at Ahmedabad, as UTI Bank (UTI bank full form: United Trust of India). The United Trust of India (UTI) was considered as one of the largest private banks in India.