Axis Bank
Business  /  Published 24.08.20

Axis Bank prunes Max Life stake purchase

Axis Bank on Monday said it will acquire a 17 per cent stake in Max Life Insurance instead of the 29 per cent proposed earlier, according to a revised deal. At present, Axis Bank holds about a 1 per ...
By PTI in New Delhi

Business  /  Published 11.08.20

HDFC, Axis achieve fund-raising goals

The country’s largest pure play mortgage lender HDFC on Tuesday said it has raised close to Rs 14,000 crore by issuing shares to qualified institutional investors and through non-convertible deb...
By Our Special Correspondent in Mumbai

Business  /  Published 06.08.20

Global funds queue up for Axis Bank QIP

Axis Bank on Wednesday received a strong response to its qualified institutional placement (QIP), sending its shares higher by 1.39 per cent. The bank had launched the Rs 10,000-crore QIP on Tuesday. ...
By Our Special Correspondent in Mumbai

Business  /  Published 22.07.20

HUL beats estimates with 7% rise in net profit

The quarterly results released on Tuesday provided some comfort with Hindustan Unilever Ltd (HUL) beating street estimates on strong performance in the foods & refreshment category and Axis Bank s...
By Our Special Correspondent in Mumbai

Business  /  Published 03.07.20

Board clears Axis Bank fund raiser

Axis Bank on Thursday said it has received the board’s approval to raise up to Rs 15,000 crore though issuance of various securities. The fund raising will be “through issue of equity sha...
By The Telegraph in New Delhi

Business  /  Published 30.06.20

Rating rap makes Axis top loser

Benchmarks Sensex and Nifty ended lower after seesaw movements on Monday because of  selloffs in financial and IT counters as surging coronavirus cases in India and around the world tempered econ...
By Our Bureau in Mumbai

Business  /  Published 27.05.20

Axis Bank jumps on Carlyle buzz

Shares of Axis Bank on Wednesday zoomed over 14 per cent on reports of fund infusion by private equity firm Carlyle. On the BSE, the scrip rose 13.46 per cent, or Rs 45.95, to close at Rs 387.35 on th...
By Our Special Correspondent in Mumbai

Business  /  Published 03.04.20

Moody’s dims outlook on ICICI, Axis Bank

Moody’s on Friday placed private sector lender IndusInd Bank’s ratings under review for a downgrade and cut its outlook on ICICI Bank, Axis Bank and IDBI Bank by a notch because of asset quality ...
By Our Special Correspondent in Mumbai

Business  /  Published 29.09.19

Credit cards maintain momentum

The credit card business is expected to continue see strong growth and be a good source of revenue for banks even as they lag behind debit cards in penetration or spends.The industry saw a compounded ...
By Our Special Correspondent in Mumbai

Business  /  Published 28.04.20

Lockdown jacks up provisions for Axis Bank

Axis Bank has reported a surprise loss for the March quarter of 2020 as provisions jumped during the nationwide lockdown.The private sector lender suffered a net loss of Rs 1,387.78 crore compared wit...
By Our Special Correspondent in Mumbai


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