Did positive catalysts such as the Apple Pay integration, strong deposit mobilisation, and robust gross advances drive investor optimism for Axis Bank?
Bank shares experienced a significant boost on Thursday, driven by a substantial forex inflow into India, primarily through the Reserve Bank of India's Foreign Currency Non-Resident (bank) (FCNR(B)) scheme
Foreign fund outflow continued on Friday after foreign institutional investors sold almost ₹3,670 crore worth of equities on Thursday, as the banking sector reeled from lacklustre Axis Bank first-quarter earnings