Tag: Axis Bank
17 Results
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Axis Bank acquires additional 29% stake in Max Life Insurance for Rs 1,600 cr
1. With this addition, the private lender now holds a total of 30 per cent of the insurer’s stake. 2. It is worth noting that the deal comes at a time when Indian economy is going through a hard time, which is caused by the COVID-19 pandemic.
April 28, 2020 -
S&P Global revises ICICI Bank, Axis Bank rating outlook from stable to negative
The rating agency also revised downward its assessment of the stand-alone credit SACP of Indian Bank by one notch to 'bb+'.
April 17, 2020 -
Axis Bank to raise Rs 18,000 crore
'The fund will be raised through issue of equity shares/depository receipts and/or any other instruments or securities representing either equity shares and/or convertible securities linked to equity shares including through Qualified Institutions Placement (QIP)/ American Depository Receipts (ADRs)/ Global Depository Receipts (GDRs) program, preferential allotment or such other permissible mode or combinations as may be considered appropriate.'
July 20, 2019 -
Sensex, Nifty open lower on weak domestic, global cues
In Asia, all leading bourses witnessed mild to heavy sell-offs on Tuesday after US-China trade war further intensified. In a retaliatory move, China on Monday said it would raise tariffs on US goods worth nearly USD 60 billion.
May 14, 2019 -
Sensex recovers over 200 pts in early trade
The 30-share index was trading 169.69 points, or 0.44 per cent, higher at 38,770.03. Similarly, the broader NSE Nifty was up 38.70 points, or 0.33 per cent, at 11,636.95.
May 7, 2019 -
WBSEDCL paid interest of `1.79 crore for borrowing funds from cash credit A/Cs
West Bengal State Electricity Distribution Company Limited (WBSEDCL) had to make an avoidable payment of interest of Rs 1.79 crore on cash credit accounts for having retained funds in non-interest bearing current accounts and resorted to borrowings from cash credit accounts, according to a report of Comptroler and Auditor General (CAG) placed in the state …
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March 31, 2018 -
PNB fraud case: Union Bank has $300 mn outstanding exposure
State-run Union Bank of India on Thursday said that it has an outstanding exposure of about $300 million in the $1.8 billion fraud detected by Punjab National Bank (PNB) and the former was also confident of receiving the payment. PNB, the second largest public sector bank in India, had detected the $1.8 billion fraud in …
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February 16, 2018 -
Axis Bank’s Q3 net profit up 25% at Rs 726 cr
Axis Bank on Monday reported 25.34 per cent rise in net profit to Rs 726.44 crore for the December quarter of the current fiscal even as its total income declined marginally. The private sector lender had reported a net profit of Rs 579.57 crore in the October-December quarter of the last fiscal, 2016-17. The bottom …
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January 22, 2018 -
Three ATMs broken into by thieves, over Rs 7.5 lakh stolen
Thieves using gas cutters on Sunday broke open three ATMs here and stole cash worth over Rs 7.5 lakh, police said. The three incidents happened in the early hours of on Sunday and the ATMs were unmanned, police informed. Investigating officials added that all the three events are related as the modus operandi as well …
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January 14, 2018 -
Axis Bank’s Q2 net profit up 36%
Lending major Axis Bank on Tuesday reported a 36 per cent rise in its net profit for the second quarter (Q2) of 2017-18. According to the banking major, its net profit during the quarter under review rose to Rs 432 crore from Rs 319 crore in the corresponding period of 2016-17. The company’s net interest …
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October 17, 2017 -
FreeCharge finally sold to Axis Bank for Rs. 373 crore all-cash by Snapdeal
Snapdeal had bought Freecharge in April 2015 for an estimated USD 400 million or over Rs 2,500 crore at current rates. At that time, this was touted as the largest deal in the nascent start-up ecosystem in India.
October 10, 2017 -
Corporates’ CSR spend can act as supportive expenditure: Jaitley
Finance Minister Arun Jaitley on Tuesday said that the CSR spend of corporates, which has become functional in the last 3-4 years after the Company Law was amended, can significantly support the public expenditure of the government. “Governments at centre and states spend money. If this (corporate social responsibility spend) comes as supportive expenditure, it …
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September 26, 2017 -
Global cues, banks stocks drag Indian equities lower
Negative global cues, coupled with heavy selling pressure in banking and metal stocks, dragged the Indian equity markets lower during the mid-afternoon trade session on Thursday. Stocks of banking majors like Axis Bank, ICICI Bank and State Bank of India were among the top losers on the BSE. According to market observers, RBI's decision to …
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August 3, 2017 -
Pvt bank hits 1 million micro-borrowers mark,rules out buyout
Private lender Axis Bank has touched 1 million micro-borrowers mark and is not keen on acquiring stake in any microlender, a senior official has said. Three years after getting into the segment, the bank touched 1 million borrowers mark recently and all of them are women who have availed of credit through the joint lending …
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April 16, 2017 -
Axis Bank dismisses CEO resignation buzz
Private sector lender Axis Bank on Wednesday said its MD & CEO Shikha Sharma is not resigning. "..The news appearing in section of social media stating the impending resignation of the MD & CEO of the Bank, which please note is false, speculative and is being circulated with the mala fide intention of misleading the …
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March 22, 2017 -
Axis Bank dismisses CEO resignation buzz
Private sector lender Axis Bank on Wednesday said its MD & CEO Shikha Sharma is not resigning. "..The news appearing in section of social media stating the impending resignation of the MD & CEO of the Bank, which please note is false, speculative and is being circulated with the mala fide intention of misleading the …
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March 22, 2017 -
HDFC, ICICI, Axis hike cash transaction charges
Promoting cashless transactions in the country, HDFC Bank, ICICI Bank and Axis Bank have started charging higher amount for cash deposits and withdrawals. “Effective from March 1, cash transaction charges for savings and salary accounts are being revised,” HDFC Bank said in a statement on Tuesday. “First four transactions would be free every month. 5th …
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March 2, 2017