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Axis Bank
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

Business  /  Published 03.03.21

Insurance stake check

India’s central bank wants banks to limit ownership stakes in capital intensive insurance companies at a maximum 20 per cent, less than half of what the current regulations permit, three sources...
By Reuters in Mumbai

Business  /  Published 26.02.21

Axis-Max Life deal cleared

The Insurance Regulatory and Development Authority of India (IRDAI) has approved the acquisition of up to a 12 per cent stake in Max Life Insurance by Axis Bank and its subsidiaries Axis Capital and A...
By Our Special Correspondent in Mumbai

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Business  /  Published 25.02.21

All banks can handle pension

All private sector banks will be allowed to handle government-related banking transactions such as the collection of taxes, pension payments and small savings schemes, the finance ministry announced o...
By Our Special Correspondent in New Delhi

Business  /  Published 28.01.21

Axis Bank net falls 36% on provisions

Axis Bank has recorded a 36 per cent fall in third-quarter net profits in 2020 as provisions jumped. The private sector bank posted a net profit of Rs 1,116.60 crore against Rs 1,757 crore in the same...
By Our Special Correspondent in Mumbai

Business  /  Published 12.12.20

Tighter scrutiny on loans

Banks are exercising caution and factoring in more information about borrowers before disbursing loans to prevent fresh credit slippages. Axis Bank CEO Amitabh Chaudhry on Friday said that the granul...
By A Staff Reporter in Calcutta

Business  /  Published 02.12.20

Reliance Capital defaults on loans

Reliance Capital, the Anil Ambani firm, has defaulted on interest payments on loans from HDFC and Axis Bank. In a regulatory filing to the stock exchanges on Monday, Reliance Capital said it could not...
By Our Special Correspondent in Mumbai

Business  /  Published 31.10.20

Axis tweaks Max acquisition plan

Axis Bank on Friday said the Reserve Bank has not allowed it to directly acquire a 17 per cent stake in Max Life Insurance and the lender will now purchase shares in the life insurer along with its su...
By Our Bureau in New Delhi


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