Personal banks closed FY24 on a robust be aware with wholesome This autumn earnings throughout the board led by robust mortgage development and a choose in deposit development within the final quarter of the monetary yr. Mortgage development continued to be led largely by retail, unsecured and small and mid-corporate segments. Whereas capex development continues … Read more
Axis Financial institution is seen posting a web revenue of over ₹5,500-6,000 crore in This fall FY24 as towards a web lack of ₹5,728 crore within the yr in the past interval because of the one-time hit of ₹12,490 crore from the acquisition of Citibank’s client enterprise. Nonetheless, sequentially, the expansion in revenue might be … Read more
Bain Capital plans to promote stake value $429 million in Axis Financial institution on Tuesday, based on a time period sheet seen by Reuters. The personal fairness agency, which first bought shares within the financial institution in November 2017, will exit its complete holding with Tuesday’s stake sale, a supply acquainted with the matter informed … Read more
Ganesh Benzoplast has introduced unauthorised borrowings in subsidiary GBL Chemical Ltd. It has been delivered to our consideration that an unauthorised checking account was opened and operated within the title of Ganesh Benzoplast Ltd’s wholly owned subsidiary GBL Chemical Ltd and the administration has additionally been made conscious of sure unauthorised borrowings (whereby the Firm … Read more
A nationwide tumour biobank and most cancers teleconsultation community are among the many initiatives that can be supported by a ₹100 crore contribution in direction of the Nationwide Most cancers Grid (NCG), from Axis Financial institution. As a part of the 5 12 months partnership, Axis Financial institution will assist NCG, a community of 300-plus … Read more
Practically ₹6-lakh crore of extra liquidity has virtually dried in about six months. Benchmark charge or repo has risen from 4 per cent till Might 4, 2022, has risen to five.9 per cent, a stage final seen in 2018. There could also be one other 50–75 foundation factors (bps) hike to abdomen, going by the … Read more
In response to a public curiosity writ petition filed in reference to Axis Financial institution’s stake acquisition in Max Life Insurance coverage, the personal sector lender clarified that it has obtained all mandatory regulatory approvals and that the allegations are “unfounded”. The petition was filed by former Rajya Sabha member and BJP chief Subramanian Swamy … Read more
The Securities Appellate Tribunal (SAT) on Wednesday quashed two separate orders by the Securities and Alternate Board of India (SEBI) towards Axis Financial institution, HDFC Financial institution, ICICI Financial institution, IndusInd Financial institution and Bajaj Finance, limiting them from revoking the shares pledged by Karvy Inventory Broking. Axis Financial institution has been permitted to invoke … Read more