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Tuesday, July 05, 2022

Axis Bank

AXIS BANK NEWS

Front-running: Axis AMC sacks chief dealer Joshi

May 20, 2022 3:25 am

On May 6, Axis AMC suspended two fund managers — Viresh Joshi and Deepak Agarwal.

Explained: What is front running, which led Axis AMC to suspend 2 fund managers?

May 06, 2022 9:04 pm

Sebi has categorised front running as a form of market manipulation and insider trading.

Axis Bank shares tumble over 5% after earnings announcement

April 29, 2022 12:03 pm

The stock tanked 5.23 per cent to Rs 739.10 on the BSE. At the NSE, it tumbled 5.21 per cent to Rs 739.10 apiece.

Axis Bank shares rise nearly 2% after Citi's India consumer business deal

March 31, 2022 12:49 pm

The stock jumped 1.82 per cent to Rs 763.90 on the BSE. At the NSE, it gained 1.67 per cent to Rs 763.

Axis Bank acquires Citibank’s India consumer business for Rs 12,325 crore

March 31, 2022 12:17 am

The deal also includes the sale of Citicorp Finance (India) Ltd, comprising the asset-backed financing business, which includes commercial vehicle and construction equipment loans as well as the personal loans portfolio.

Axis to get Citi’s 1.2 million retail customers

March 31, 2022 12:13 am

On an overall basis, the proposed transaction will add 7 per cent to the bank’s deposit base (with 12 per cent increase in CASA) and 4 per cent increase in advances.

Axis Bank to acquire Citi's India consumer business for $1.6 billion

March 30, 2022 4:34 pm

Axis Bank will acquire the consumer banking businesses of Citibank India, which includes credit cards, retail banking, wealth management and consumer loans.

Axis Bank set to buy Citi's India consumer business; deal to be announced soon

March 30, 2022 1:32 pm

In April 2021, American banking major Citigroup announced its plan to exit from the consumer banking business in India as part of its global strategy.

Axis Bank to raise up to Rs 5,000 crore by issuing bonds

December 20, 2021 1:57 pm

In April this, the board of directors of Axis Bank had authorised it to borrow/raise funds in Indian currency/foreign currency by issue of debt instruments, perpetual debt instruments, AT 1 bonds, infrastructure bonds and Tier II capital bonds among others up to an amount of Rs 35,000 crore.

Axis Bank net profit rises 86%

October 27, 2021 1:38 am

The bank had posted a net profit of Rs 1,682.67 crore during the same period of the previous fiscal year.

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