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Axis Bank
Business  /  Published 25.01.22

3-fold jump in Axis net

Axis Bank’s consolidated net profit for the December quarter zoomed nearly three-fold to Rs 3,973 crore as the money set aside for any reverses on loans reduced to nearly a third of the year-ago...
By Our Bureau in New Delhi

Business  /  Published 22.12.21

Oriental sheds Axis promoter tag

Axis Bank on Tuesday said that Oriental Insurance Company Ltd (Oriental Insurance) has been re-classified as a public shareholder from its earlier tag of a promoter category. In September this year, ...
By Our Special Correspondent in Mumbai

Business  /  Published 15.12.21

Tough regulatory hoops for shadow banks

The Reserve Bank of India has extended its tough, prompt corrective action (PCA) framework to non-banking finance companies that fail to meet prudential performance thresholds. The PCA framework, whi...
By Our Special Correspondent in Mumbai

Business  /  Published 27.10.21

Axis Bank net at Rs 3382cr

Axis Bank on Tuesday reported a net profit of Rs 3,382.78 crore on a consolidated basis for the September quarter, driven by lower loan provisions as asset quality improved.  The third larg...
By PTI in Mumbai

Business  /  Published 27.07.21

Kotak, Axis allay asset fears

Two private sector lenders — Kotak Mahindra Bank and Axis Bank — on Monday met analyst estimates of their asset quality, providing some relief amid renewed concerns of a rise in bad loans ...
By Our Special Correspondent in Mumbai

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Business  /  Published 05.06.21

Axis buy buzz lifts Spandana

Shares of Spandana Spoorthy Financial Ltd zoomed almost 9 per cent on the bourses on Thursday on reports that Axis Bank may be looking to acquire the microfinancier. On the BSE, shares of Spandana Sp...
By Our Special Correspondent in Mumbai

Business  /  Published 23.05.21

Trio to shed Axis promoter tag

Axis Bank on Saturday said three entities classified as its promoters — United India Insurance Company, National Insurance Company and New India Assurance Company — will be re-classified a...
By Our Special Correspondent in Mumbai

Business  /  Published 28.04.21

Axis Bank net rises to Rs 2960cr

Axis Bank on Tuesday posted a consolidated net profit of Rs 2,960.4 crore for the March quarter against a loss of Rs 1,250 crore in the year-ago period, and warned of an immediate business impact beca...
By PTI in New Delhi

Business  /  Published 07.04.21

Axis now Max Life co-promoter

Axis Bank on Tuesday said that the private sector lender along with its two subsidiaries — Axis Capital Limited and Axis Securities Limited — has become co-promoters of Max Life Insurance ...
By Our Bureau in Calcutta

Business  /  Published 16.03.21

TechM, Axis Bank strike deals

 India’s deal street continues to be active even though the Covid-19 pandemic is still raging in parts of the country. Tech Mahindra on Monday said it will acquire a 70 per cent stake in Pe...
By Our Special Correspondent in Mumbai


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