Bad Day for Top Banks

Indian banking giants Axis and SBI had a tough day in the market.  Read More>>

Nifty Bank Index Dips

Axis Bank and SBI were downgraded by UBS, leading to a nearly 1% drop in Nifty Bank index on October 13.

UBS Concerns on Credit Losses

UBS lowers ratings for Axis Bank and SBI, citing rising credit losses, equalizing risk-reward in Indian banking sector.

Axis Bank Outlook Revised

UBS downgrades Axis Bank, foreseeing peak margins and potential contraction in RoA by FY25.

Share Price Updates

Axis Bank fell by 2.40% and SBI fell by 1.68% at the end of the trading session on 13th Oct’23.