Tag: Axis Bank
17 Results
-
Axis Bank buys 12.99% in Max Life become co-promoters with its subsidiaries
Max Life's holding company Max Financial Services and Axis Bank had first announced their intent to bring in the latter as a strategic partner in Max Life in February 2020.
April 7, 2021 -
Family of deceased BBMB employee handed over cheque amounting to Rs 3.5 lakh
The deceased got the financial help due to an MoU signed between BBMB with Axis Bank for the welfare of its employees.
March 24, 2021 -
Axis Bank to acquire 9.9% stake in Fettle Tone LLP
With this acquisition, Axis Bank aims to strengthen its position in the insurance sector, pursuant to its investment in Fettle Tone LLP.
March 15, 2021 -
Axis Bank launches ‘Wear N Pay’, country’s first wearable contactless transaction device
These devices come in a variety of accessories like band, key chain and watch loop that factor in practical usage and are available at a fee point of Rs 750.
March 10, 2021 -
Axis Bank removes penalty on premature closure of term deposits
The new feature will be applicable on all new fixed deposits and recurring deposits.
January 11, 2021 -
Axis Bank, Hyundai Motor partner for auto retail financing solutions
As per the statement issued by the company, the partnership will allow customers to view process and avail auto loan sanction directly on Hyundai's CTB platform.
January 6, 2021 -
Canara Bank, three other lenders buy equal stakes in fintech firm IBBIC
All four banks have acquired 6.67 per cent stake each (representing 50,000 equity shares) in firm for a cash consideration of Rs 5 lakh.
November 21, 2020 -
Axis Bank reports Q2 net profit rises at Rs 1,683 crore
Net NPAs too declined to 0.98 per cent as against 1.99 per cent earlier.
October 29, 2020 -
Axis Bank raises Rs 10,000 cr via allotment of equity shares to QIBs; stock gain over 3 per cent
The issue price is at a discount of 5% (i.e. Rs. 22.09 per equity share) to the floor price of Rs. 442.19 per Equity Share.
August 11, 2020 -
Maruti Suzuki collaborates with Axis Bank for lucrative vehicle financing options
The private bank is one of the key partners of Maruti Suzuki for dealer inventory as well as retail financing solutions.
July 7, 2020 -
S&P lowers Axis Bank rating on increased economic risks for banks
It has forecast a 5 per cent contraction in the economy in fiscal 2021.
June 27, 2020 -
SAT asks Axis bank, NSE to maintain status quo; to hear matter on Jul 3
The interim order came on an appeal by Axis Bank against a direction by the NSE to release certain securities.
June 23, 2020 -
Fitch revises outlook of SBI, 8 other banks to negative
SBI is 57.9 per cent state-owned and has a much broader policy role than peers.
June 22, 2020 -
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