2017-10-18 :IFMR Capital does first securitisation of corporate loans since 2006
Non-banking finance company IFMR Capital has plans to securitise its corporate loans to other non-bank lenders. Lenders such as Axis Bank and ICICI Bank used to securitise their corporate loans between 2001 and 2004 but while CLO has become obsolete, securitisation of retail loans, especially in the priority sector space, has become common.
2017-10-18 :Axis Bank Q2 profit grows 36 percent
Net profits of private sector lender Axis bank improved by 36 percent to Rs 432 crore. The net interest income also grew by 1 percent to Rs 4,540 crore for the second quarter ended September 30, 2017.
2017-10-17 : Axis MCLR remains stable
RBI has kept its rates unchanged in the meeting earlier this month and some banks are expected to follow its lead. Axis Bank has not made any changes in its MCLR for October, keeping it in the range of 7.80% to 8.35%.
2017-10-17 :Axis bank retail loans share of its total portfolio is 45%
Axis Bank with retail advances at Rs 175,278 crore of its total advances book of Rs. 385,481 crore, now has 45% of its portfolio in retail advances. The book is increasingly focused on growing its home loan and personal loan portfolio to get a larger share of its total book.
2017-09-30 :Axis Bank promises to waive off 12 EMIs under its Shubh Aarambh Home Loans
Private sector lender, Axis Bank has launched a new home loan product under which it promises to waive off 12 EMIs. Bank has informed its borrowers that they will have to stay with the bank with this loan for at least 48 months to get the EMI waiver benefit. The move is likely to improvise borrower behaviour.
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