AXISBANK

April 27 - Shares of India's Axis Bank AXBK.NS fell 4.2% on Monday after reporting a marginal drop in fourth-quarter profit on Saturday, hurt by lower income from treasury operations and higher provisions, and missing analyst estimates.

(Reporting by Mridula Kumar in Bengaluru; Editing by Rashmi Aich)

((mridula.kumar@thomsonreuters.com))

April 25 (Reuters) - Indian private lender Axis Bank AXBK.NS reported a marginal drop in fourth-quarter profit on Saturday, hurt by lower income from treasury operations and higher provisions, and missing analyst estimates for a gain.

The country's third-largest private lender by market capitalisation posted a 0.7% fall in standalone net profit to 70.71 billion rupees for the January-March quarter, down from 71.18 billion rupees a year earlier.

Analysts had expected a profit of 73.16 billion rupees, according to data compiled by LSEG.

Treasury operations' pre-tax profit dropped nearly 77% to 3.03 billion rupees as bond yields rose during the quarter. The Reserve Bank of India's curbs on forex arbitrage further constrained trading income.

Provisions and contingencies more than doubled to 35.22 billion rupees compared to last year due to a voluntary exercise and were not tied to any falling asset quality or other adverse concerns, Axis said in its earnings statement.

Axis Bank's loans grew 19% year-on-year as of the end of March, while deposits rose 14%.

Credit growth, which moderated over several quarters last year, rebounded in the third quarter to the end of December, supported by sweeping consumption tax cuts and easing inflation.

That momentum has carried into the current quarter as loan growth remained resilient, driven by steady demand across retail and micro, small and medium enterprises (MSME), while working capital also picked up, marking a recovery in corporate loans.

Last week, larger peers HDFC Bank HDBK.NS and ICICI Bank ICBK.NS beat quarterly profit estimates aided by strong loan growth.

Net interest income - the difference between interest earned on advances and paid on deposits - rose 5% to 144.57 billion rupees.

Axis Bank's gross non-performing asset ratio was 1.23% at the end of March, compared with 1.40% in the December quarter.

(Reporting by Nishit Navin; Editing by Tom Hogue)

((Nishit.Navin@thomsonreuters.com;))

April 17 (Reuters) - India has permitted 15 top banks, including the State Bank of India SBI.NS, HDFC Bank, HDFC.NS, Bank of India BOI.NS and others to import gold and silver from April 1, 2026 to March 31, 2029, a government notification said on Friday.

(Reporting by Shilpa Jamkhandikar; Editing by YP Rajesh)

((shilpa.jamkhandikar@thomsonreuters.com;))

April 16 (Reuters) - Axis Bank Ltd AXBK.NS:

• AXIS BANK - TO CONSIDER AND EXPLORE OPTION OF RAISING FUNDS

Source text: ID:nBSE7w22W0

Further company coverage: AXBK.NS

((Reuters.Briefs@thomsonreuters.com;))

By Dharamraj Dhutia

MUMBAI, April 7 (Reuters) - India's central bank is likely to allow overnight interbank rates to stay near the floor of the policy corridor for longer and refrain from draining liquidity to avoid unsettling an already fragile debt market sentiment, bankers said.

Lower overnight funding costs offer some relief to a market contending with the fallout from the Iran war, which has driven up oil prices and stirred volatility in the rupee.

The weighted average call money rate (WACR) has been below 5.10% in April so far and is set to decline further, as liquidity in the banking system has moved into ample surplus. The secured overnight borrowing rate slipped to around 4.80%, highlighting the extent of liquidity surplus.

WACR stayed around 5.10% for most of February and March, and markets had expected the central bank to begin liquidity-draining operations with the start of the new fiscal year in April to bring it back to near the 5.25% policy rate.

The central bank seeks to keep the WACR at or around its policy rate, it said in February.

"Since the RBI tolerated it for the last two months, there is no point in disturbing the markets at a time when a small negative point could trigger a larger selloff in government bonds," a treasury head at a large private bank said, requesting anonymity since he is not authorised to speak to media.

Tightening measures such as variable rate reverse repos do not appear warranted at this juncture, said VRC Reddy, treasury head at Karur Vysya Bank.

"There is little risk in allowing overnight rates to remain near the lower bound of the policy corridor for some more time."

He expects the RBI to maintain a neutral stance at its policy decision due on Wednesday, "without signalling any significant concern".

Liquidity surplus was around 4 trillion rupees ($43 billion), and with nearly 1.2 trillion rupees set to flow in from maturing government securities this week, surplus could hit 2% of deposits — well above the 1% threshold flagged by the RBI in December.

Tanay Dalal, senior vice president for business and economic research at Axis Bank, said that while tightening monetary policy is a valid strategy for currency defence, regulatory and unconventional tools will continue to be deployed instead.

($1 = 92.96 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)

((DharamrajLalit.Dhutia@thomsonreuters.com;))

By Jaspreet Kalra

MUMBAI, April 6 (Reuters) - The Reserve Bank of India's tightening of foreign exchange rules will help shield the rupee from pressures emanating from offshore markets, but traders may continue drawing pricing signals from those markets, a senior Axis Bank official said.

A 4.5% fall in the Indian rupee since the breakout of the Iran war prompted the central bank to impose a cap on banks' net open FX positions in the onshore markets in late March.

The RBI also barred lenders from offering non-deliverable forward contracts to clients and stopped firms from re-booking canceled FX contracts in order to curb speculation.

The rupee gained 2% last Thursday and traded 0.3% higher at 92.81 per dollar on Monday.

"RBI has effectively broken the direct link between the onshore market and the offshore market," said Neeraj Gambhir, executive director for treasury, markets and wholesale banking products at Axis Bank, on Thursday.

"If there is a lot of speculative activity in the offshore market against the INR, it will no longer translate into the onshore dollar demand and will not deplete RBI's FX reserves."

The RBI first opened the NDF market to Indian banks in June 2020 and to resident Indians in June 2023, to deepen participation. The central bank opened up local access to the market despite reservations among a committee headed by a former Deputy Governor.

Since opening the NDF market to local participants, the central bank has placed both informal and formal restrictions on accessibility.

"If we recall the FX market before the integration of offshore and onshore, the onshore pricing used to be heavily influenced by offshore," Gambhir said.

Gambhir reckons that if the RBI's measures don't end up delivering the desired outcomes, the central bank may turn to direct measures for shoring up dollar supply or curtailing some dollar demand.

In the past, the central bank has used dedicated dollar-buying windows for oil companies and facilities to mobilize foreign currency deposits from non-resident Indians when the rupee came under sustained pressure.

The rupee's recent weak run against the dollar does not pose a financial stability risk, according to Gambhir.

"The level of depreciation is not in any way out of sync with what is happening in the rest of the world, particularly when you compare against other Asian and emerging markets which are also large importers of crude oil."

RATES ON HOLD

India's central bank is slated to announce its monetary policy decision on April 8. All but two out of 71 economists polled by Reuters expect the RBI to hold rates.

Gambhir shares that view, adding that the central bank should ensure surplus liquidity in the banking system.

The central bank is also due to present its first forecasts for growth and inflation for the 2026‑27 financial year, that will likely account for spillover impact from the war in the Middle East.

(Reporting by Jaspreet Kalra; Editing by Ronojoy Mazumdar)

((jaspreet.kalra@thomsonreuters.com; +91-8769636545;))

March 20 (Reuters) - Zee Learn Ltd ZEEE.NS:

• NCLT MUMBAI DISMISSES AXIS BANK PETITION AGAINST ZEE LEARN AS WITHDRAWN

Source text: ID:nNSE2hn2M2

Further company coverage: ZEEE.NS

((Reuters.Briefs@thomsonreuters.com;;))

Adds details on structure, background in paragraphs 6-7, 13-16

By Vibhuti Sharma, Jayshree P Upadhyay and Aditya Kalra

MUMBAI, March 18 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Jio Platforms has hired 17 banks to manage its Mumbai stock listing, which will see the company raise no new funds and allow exits for some shareholders, four sources familiar with the matter said.

The IPO will be executed as a so-called "offer for sale" in India, three of the sources said, where only existing shareholders sell their shares to the public.

Reliance did not respond to Reuters queries.

"We don't need new money," said one of the sources, explaining the decision not to raise funds from the IPO.

Over the past six years, Jio has diversified into AI and raised funds from investors including KKR KKR.N, General Atlantic, Silver Lake and the Abu Dhabi Investment Authority.

The offer-for-sale route is increasingly becoming a lucrative exit route for global investors and how large IPOs are executed in India. Other recent IPOs via this route included the 2024 listing of Hyundai Motor HYUN.NS and LG Electronics India LGEL.NS in 2025.

In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion.

LONG LIST OF INVESTMENT BANKS

The hiring of banks brings the parent of India's largest telecom operator Reliance Jio, with over 500 million users, closer to being possibly the country's largest IPO worth more than $4 billion.

Jio's roster of 17 advisors includes Wall Street giants Citigroup C.N and JPMorgan JPM.N, and Indian investment banks Axis Capital, ICICI Securities, IIFL IIFL.NS, and Kotak Mahindra Capital, said two of the sources, who added that the plan is to file for regulatory approval this month.

Other banks on the list include the securities arms of Goldman Sachs GS.N, Morgan Stanley MS.N and Bank of America BAC.N, they added.

Goldman Sachs and Bank of America declined to comment. The other investment banks did not respond to requests for comment.

The news on hiring of banks and prospectus filing timeline for Jio's listing come as the Mideast conflict has cast a cloud over global capital market deals, with a handful getting pulled.

Strong IPO momentum in India, however, seems intact with the largest exchange operator, the National Stock Exchange of India, saying last week it had hired 20 banks to manage its IPO.

It's not unusual for a large number of banks to vie for a mandate and get hired for large equity public offerings of private enterprises, as they compete for league table credit in a market where deals exceeding a billion dollars are rare.

In the country's largest-ever IPO mandate, 18 investment banks were involved in the public offering of shares by asset manager ICICI Prudential AMC in 2025, which saw a share sale of $1.2 billion.

(Reporting by Vibhuti Sharma and Jayshree P Upadhyay in Mumbai and Aditya Kalra in Delhi; Editing by Sumeet Chatterjee, Joe Bavier and Bernadette Baum)

((Vibhuti.Sharma@thomsonreuters.com;))

March 13 (Reuters) - Shree Digvijay Cement Co Ltd SRDC.NS:

• EXECUTES FACILITY AGREEMENT WITH ICICI BANK AND AXIS BANK

• TOTAL BORROWINGS AMOUNT TO 4.88 BILLION RUPEES

Source text: ID:nNSEbGB3Tm

Further company coverage: SRDC.NS

((Reuters.Briefs@thomsonreuters.com;;))

MUMBAI, March 9 (Reuters) - India's Axis Finance accepted bids worth 4.95 billion rupees ($53.61 million) for the sale of bonds maturing in 10 years, three bankers said on Monday.

It will pay a coupon of 7.74% and had invited commitment bids for the issue earlier in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on March 9:

*Size includes base plus greenshoe for some issues

($1 = 92.3350 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)

((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))

March 6 (Reuters) - Axis Bank Ltd AXBK.NS:

• AXIS ENTITIES PROVIDED IN-PRINCIPLE NO OBJECTION TO MERGER OF MAX FINANCIAL, AMLI

Source text: ID:nBSE5GfmX6

Further company coverage: AXBK.NS

((Reuters.Briefs@thomsonreuters.com;;))

By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, March 5 (Reuters) - Robust demand from long-term investors for an Indian state-run lender's mega infrastructure bond issue this week has prompted two others to tap the market before the end of the financial year, three sources familiar with the matter said on Thursday.

Bank of India BOI.NS and Punjab National Bank PNBK.NS are among lenders that could issue infrastructure bonds over the next three weeks.

Bank of India could raise up to 100 billion rupees ($1.09 billion), while PNB will consider a 20-50 billion-rupee issue, the sources added, requesting anonymity as they're not authorised to speak to the media.

The lenders did not reply to Reuters' emails seeking comment.

Earlier this week, Bank of Baroda BOB.NS raised 100 billion rupees through seven-year infra bonds at a 7.10% coupon, below the 7.25% level that the market had expected, signalling elevated demand for the issue.

"Nearly 60%-70% of Bank of Baroda's bond was absorbed by a large state-run provident fund, and its peers are anticipating a similar response to their issuances," one of the sources said.

"Had it not been for the PF bids, the cutoff could have easily have been closer to 7.25%."

Infrastructure bonds are used by banks to finance long-term development projects.

Three Indian lenders have raised an aggregate 250 billion rupees through these bonds so far this financial year, sharply lower than 892 billion rupees raised in the previous fiscal.

Bank of Baroda is only the third lender to raise this quantum of funds after Bank of India and Axis Bank AXBK.NS.

Bankers said that a lack of sufficient supply of such notes during the financial year could lead to stronger demand for the next few issuances as investors seek to meet their exposure requirements.

($1 = 91.5550 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)

((Dharamraj.Dhutia@thomsonreuters.com;))

Feb 26 (Reuters) - Apple AAPL.O is in talks with several Indian banks and global card networks as it prepares to launch its Apple Pay service in India, Bloomberg News reported on Thursday, citing people familiar with the matter.

The iPhone maker is in talks with ICICI Bank ICBK.NS, HDFC Bank HDBK.NS and Axis Bank AXBK.NS, as it aims to introduce its payment service in India around the middle of 2026, the report said.

Reuters could not immediately verify the report.

(Reporting by Mihika Sharma in Bengaluru; Editing by Rashmi Aich)

((Mihika.Sharma@thomsonreuters.com;))

** Shares of Axis Bank AXBK.NS rise 1.5% at 1,389 rupees

** Bank clarifies that it has not submitted nor plans to submit any bid for a stake in CreditAccess Grameen CRDE.NS

** Citi ("Buy"; PT: 1,463 rupees) says confirmation decisively eliminates key market overhang of recent weeks

** Adds, AXBK's update likely removes apprehensions around capital deployment towards microfinance acquisition and earnings volatility associated with that business

** Stock rated "Buy" on average by 40 analysts; median PT at 1,500 rupees - data compiled by LSEG

** YTD, stock up 9.4% vs Nifty Bank index .NSEBANK up 2.7%

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))

Feb 4 (Reuters) - Axis Bank Ltd AXBK.NS:

• CLARIFIES ON REPORT CO IN THE LEAD TO BUY OUT CREDITACCESS GRAMEEN

• EVALUATES VARIOUS OPPORTUNITIES IN ORDINARY COURSE FOR GROWTH, EXPANSION OF BUSINESS

Source text: ID:nNSE3v2q7G

Further company coverage: AXBK.NS

((Reuters.Briefs@thomsonreuters.com;;))

Jan 30 (Reuters) - Axis Bank Ltd AXBK.NS:

• RBI APPROVES AMENDED DEPOSIT AGREEMENT

• AMENDMENTS GRANT VOTING RIGHTS TO GDR HOLDERS

Source text: ID:nBSE1WwYnQ

Further company coverage: AXBK.NS

((Reuters.Briefs@thomsonreuters.com;))

** Axis Bank AXBK.NS extended gains to hit a record high of 1,369.40 rupees, last up 2.8%

** Lender's Q3 standalone net profit rises 3% year-on-year to 64.90 billion Indian rupees ($708.47 million); analysts had expected profit to fall to 60.79 billion rupees

** On Tuesday, AXBK posted its biggest daily percentage rise in 15 months, climbing ~4.6%

** Analysts at Centrum say AXBK's results outperformed expectations; with strong fee income momentum and improving cost-to-income dynamics, margin compression should become less of an issue

** Emkay Research hikes PT to 1,475 rupees from 1,400 rupees, says stock is trading at cheap valuations

** Stock rated "buy" on avg by 40 analysts; median PT is 1,500 rupees, per data compiled by LSEG

** AXBK rose 19.2% in 2025

($1 = 91.6063 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))

By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, Jan 27 (Reuters) - India's Axis Mutual Fund plans to run a carry-heavy debt strategy in 2026, focusing on one- to three-year corporate bonds while taking judicious exposure to longer maturity federal and state debt, the asset manger's head of fixed income said in an interview last Friday.

The strategy reflects expectations that the Reserve Bank of India is done with rate cuts, limiting the scope for price appreciation in bonds, pushing fund managers to prioritise income from higher-yielding shorter-dated debt.

"In an environment where we do not expect the RBI to cut rates and (for) liquidity infusion to continue, we believe that the theme this year is accrual or carry for building investment portfolios," said Devang Shah, head of fixed income at Axis Mutual Fund.

A carry strategy involves buying higher-yielding bonds and holding them to earn interest income, with the aim of making steady returns while limiting exposure to price swings.

The fund manager, who overlooks debt worth 1.2 trillion rupees ($13.09 billion,) said around 75% of the portfolio could be invested in one-three year corporate bonds, with the remaining 25% in a combination of longer duration state and central government debt in what's known as a "barbell" approach.

"We may selectively add tactical duration through long bonds and state debt," Shah added.

Looking ahead to India's federal budget, that will be presented on Sunday, Shah said he expects fiscal consolidation to take a backseat, predicting a fiscal deficit of about 4.3%–4.4%, compared to 4.4% that was targeted for the current year, and gross borrowing of roughly 16.5–17 trillion rupees for the next financial year.

He added that the "best" phase for bonds may be behind, with inflation likely having passed its lowest point, while banking system liquidity appears to have peaked. Along with his expectation for the pace of fiscal consolidation to slow, these factors together cap the potential for a decline in bond yields.

($1 = 91.6575 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)

((Dharamraj.Dhutia@thomsonreuters.com;))

Jan 26 (Reuters) - Axis Bank Ltd AXBK.NS:

• AXIS BANK Q3 NET INTEREST MARGIN AT 3.64%

Source text: [ID:]

Further company coverage: AXBK.NS

((Reuters.Briefs@thomsonreuters.com;))

By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, Jan 23 (Reuters) - A 75 billion rupee ($816.58 million) debt sale by India's Adani Power ADAN.NS was corned by large Indian banks and mutual funds, who bought over 90% of the issue, three sources aware of the matter said on Friday.

Domestic banks and mutual funds invested 69.75 billion rupees as part of the issue, the bankers said, declining to be identified as they are not authorised to speak to the media.

Adani Power did not respond to an email seeking details of the bond issue, which closed for bidding on Friday.

India's Adani group firms shed $12.5 billion in market cap on Friday, after the U.S. markets regulator asked a court for permission to personally email summons to founder Gautam Adani and group executive Sagar Adani over alleged fraud and a $265 million bribery scheme.

The group has focused its borrowings mainly in the domestic market after shortseller Hindenburg Research made allegations around its corporate governance practices in 2023.

Adani Power raised 28.60 billion rupees via two-year bonds and 26.90 billion rupees via a three-year note. The remaining 6.75 billion rupees and 12.75 billion rupees were raised through four- and five-year papers.

The Adani unit will pay a coupon of 8.00% and 8.20% on the two- and three-year bonds, and 8.30% and 8.40% on four- and five-year papers.

SBI mutual fund, India's biggest in terms of assets under management, led the buying and invested 25 billion rupees, or one-third of the issue size, while Kotak Mutual Fund bought 6 billion rupees of debt, the bankers said.

ICICI Bank bought 11 billion rupees of bonds, while Axis Bank opted for 10 billion rupees of notes, they said.

SBI Mutual Fund, ICICI Bank and Axis Bank did not respond to emails seeking comment.

Trust Investment Advisors, ICICI Bank and Axis Bank are the arrangers for the issue.

Trust Investment Advisors did not respond to an email seeking comment.

The bonds are rated 'AA' by Crisil and India Ratings, with the coupons set to step up by 25 basis points for every notch of rating downgrade.

($1 = 91.8470 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)

((Dharamraj.Dhutia@thomsonreuters.com;))

Updates with more details

By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, Jan 21 (Reuters) - State Bank of India's mutual fund unit has committed to pick up at least 10% of Adani Power's ADAN.NS nearly $820 million rupee-denominated bond issue, likely to be launched later this week, three merchant bankers said on Wednesday.

The mutual fund, India's biggest in terms of assets under management, is acting as one of the anchor investors for the issue, with a commitment of 7.50 billion rupees, the bankers said, requesting anonymity as they are not authorised to speak to the media.

The planned 75 billion-rupee issue would be the group's largest-ever rupee bond sale.

SBI Mutual Fund and Adani Power did not respond to email queries.

Adani Power is looking to raise 28.60 billion rupees through a two-year option and 26.90 billion rupees via a three-year note.

SBI MF will buy 4.50 billion rupees and three billion rupees of these papers as the anchor investor, the bankers said.

The Adani unit will pay a coupon of 8.00% and 8.20% on the two- and three-year bonds, and 8.30% and 8.40% on four- and five-year papers.

The remaining 6.75 billion rupees and 12.75 billion rupees will be raised through four- and five-year papers, respectively, the bankers said.

Trust Investment Advisors, ICICI Bank and Axis Bank are the arrangers for the issue.

The lenders have will also back the issue by providing commitments worth 3.31 billion rupees and 3 billion rupees, respectively, the bankers said.

The banks did not reply to an email seeking comment.

The bonds are rated 'AA' by Crisil and India Ratings, with the coupons set to step up by 25 basis points for every notch rating downgrade.

Earlier this financial year, another group company, Adani Ports and Special Economic Zone APSE.NS, raised 50 billion rupees by placing 15-year bonds directly with Life Insurance Corporation of India LIFI.NS.

($1 = 91.5630 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)

((Dharamraj.Dhutia@thomsonreuters.com;))

** Axis Bank AXBK.NS rises as much as 1.5% to 1,304.6 rupees, highest since July 19, 2024

** Co reports 14.1% y/y rise in gross advances, 15% rise in total deposits in Q3

** Citi anticipates corporate segment to have gained traction, recovery in retail segment, fuelled by pent up demand

** Says Q3 not expected to be as pronounced as Q1

** Macquarie Research says co saw strong deposit growth, outpacing loan growth, contrary to trends across peers, system

** Stock rated "buy" on avg; median PT is 1,385 rupees, per data compiled by LSEG

** AXBK last up 1%; gained ~19% in 2025

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))

Jan 5 (Reuters) - Axis Bank Ltd AXBK.NS:

• AXIS BANK - GROSS ADVANCES AS OF DEC 31 UP 14.1% Y/Y

• AXIS BANK - TOTAL DEPOSITS AS OF DEC 31 UP 15.0% Y/Y

Source text: ID:nnAZN4RR7FP

Further company coverage: AXBK.NS

(Reporting by Abhirami G from Bengaluru)

((abhirami.g@thomsonreuters.com;))

Dec 29 (Reuters) - Axis Bank Ltd AXBK.NS:

• AXIS BANK APPROVED OTS OF OUTSTANDING LOAN WITH CO FOR 700 MILLION RUPEES

Source text: ID:nBSEBHWs2

Further company coverage: AXBK.NS

((Reuters.Briefs@thomsonreuters.com;))

MUMBAI, Nov 25 (Reuters) - India's Axis Bank AXBK.NS has accepted bids worth 50 billion rupees ($560.57 million) for infrastructure bonds maturing in 10 years, three bankers said on Tuesday.

The private-sector lender will pay an annual coupon of 7.27%, and had invited coupon and commitment bids from bankers and investors earlier in the day.

The lender did not reply to Reuters' email seeking a comment.

Here is the list of deals reported so far on November 25:

* Size includes base plus greenshoe for some issues

($1 = 89.1950 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)

((Dharamraj.dhutia@tr.com))

Nov 6 (Reuters) - Axis Bank Ltd AXBK.NS:

• JSW MG MOTOR INDIA PARTNERS WITH AXIS BANK TO PROMOTE EVS

Further company coverage: 600104.SS

((Reuters.Briefs@thomsonreuters.com;;))

Updates for morning trade

By Bharath Rajeswaran and Vivek Kumar M

Oct 16 (Reuters) - India's benchmark shares rose on Thursday, driven by gains in private banks after Axis Bank's second-quarter results showed improved asset quality and better-than-expected net interest margins.

The Nifty 50 .NSEI rose 0.48% to 25,445.60 and the BSE Sensex .BSESN added 0.51% to 83,025.08 as of 10:23 a.m. IST.

The Nifty and Sensex are trading about 3% and 3.5% below their record high levels hit on September 2024.

Twelve of the 16 major sector logged gains. Private banks .NIFPVTBNK climbed 0.8%, led by a 3% jump in Axis Bank AXBK.NS.

Although the private lender posted a larger-than-expected drop in the September-quarter profit, several analysts pointed to improved operating performance and asset quality as positive factors.

The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 gained 0.4% and 0.3%, respectively.

The two highest-weighted stocks - HDFC Bank HDBK.NS and ICICI Bank ICBK.NS - advanced 0.6% each. The third-heaviest stock, Reliance Industries RELI.NS, added 0.3%.

The three companies will report their quarterly results later in the week.

"The demand outlook for the rest of the financial year has brightened after the recent tax cuts, and could spark a virtuous cycle of earnings growth, lifting overall sentiment," said Amnish Aggarwal, director research, institutional equities at PL Capital.

Information technology .NIFTYIT stocks lost 0.4%. Infosys INFY.NS, the country's No. 2 software services provider, declined 0.7% ahead of its quarterly results due post market hours on Thursday.

Among individual stocks, Mangalore Refinery and Petrochemicals MRPL.NS jumped 2.4% after posting quarterly profit from a loss a year ago.

Realty developer Oberoi Realty OEBO.NS jumped 4.1% after reporting a 29% rise in the second-quarter profit.

Packaging solutions provider Huhtamaki India HUHT.NS surged 12% after logging a three-fold increase in quarterly profit.

Westlife Foodworld WEST.NS gained 2% after it maintained a status quo on royalty rate payable to McDonald's, which Investec termed as a positive for its operating profit and free cash flow.

($1 = 87.7440 Indian rupees)

(Reporting by Vivek Kumar M and Bharath Rajeswaran; Editing by Sumana Nandy and Janane Venkatraman)

((VivekKumar.M@thomsonreuters.com;))

Oct 15 (Reuters) - Axis Bank Ltd AXBK.NS:

• AXIS BANK Q2 NET PROFIT 50.9 BILLION RUPEES; IBES PROFIT EST. 58.63 BILLION RUPEES

• AXIS BANK Q2 GROSS NPA 1.46%

• AXIS BANK Q2 PROVISIONS AND CONTINGENCIES 35.47 BILLION RUPEES

• AXIS BANK Q2 NET INTEREST INCOME 137.45 BILLION RUPEES - REUTERS CALCULATION

Further company coverage: AXBK.NS

((reuters.briefs@thomsonreuters.com;))