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Axis Bank plans to raise Rs 11,626 crore

Mumbai, Nov 10 (IANS) Private sector lender Axis Bank on Friday said it plans to raise Rs 11,626 crore to bolster its capital adequacy and for future growth needs. The country’s third-largest private sector bank would require shareholders’...
Axis Bank’s Q2 net profit up 36%

Axis Bank’s Q2 net profit up 36%

Mumbai, Oct 18  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...

Axis Bank’s Q4 net profit down 43%

Mumbai, April 27  Lending major Axis Bank on Wednesday reported a decline of 43.13 per cent in its net profit for the fourth quarter (Q4) of Fiscal 2016-17. The company’s net profit decreased to Rs 1,225.10 crore from Rs 2,154.28 crore reported...
Axis Bank to raise Rs.15,000 crore

Axis Bank to raise Rs.15,000 crore

Mumbai, Feb 7 Axis Bank Saturday said that it will seek shareholders’ approval to raise Rs.15,000 crore through the issue of long-term bonds or non-convertible debentures to select investors. According to a filing on the Bombay Stock Exchange (BSE),...
Foreign holding in Axis Bank to go up to 62 percent

Foreign holding in Axis Bank to go up to 62 percent

New Delhi, Dec 26  The government Thursday approved a proposal to increase foreign holding in Axis Bank to 62 percent from the current 49 percent, which may result in overseas fund inflow of nearly Rs.7,250 crore into the country. The Cabinet Committee...
TRAI cautions banks, financial institutions against unregistered calls

TRAI cautions banks, financial institutions against unregistered calls

New Delhi, Sep 24  The Telecom Regulatory Authority of India (TRAI) has cautioned banks and financial institutions against use of unregistered telemarketers for promoting their business, an official said. “The authority has taken a series of measures...
Axis Bank wins battle against marketing firm

Axis Bank wins battle against marketing firm

New Delhi, July 9  Axis Bank has got a major relief from the top consumer court against a marketing company in Maharashtra that invoked the provisions of the consumer protection law alleging deficiency in service in the operation of 10,060 ATM cards...

Moody’s may downgrade India’s three top private lenders

Mumbai, April 30 Global ratings agency Moody’s Investors Service said Monday it has placed on review India’s three top private sector lenders ICICI Bank, HDFC Bank and Axis Bank for possible downgrade. The review is mainly because of lower...

Credit offtake to pick up next year: Axis Bank

Kolkata, Dec 9 Credit growth will start picking up in 2012, Shikha Sharma, managing director and chief executive officer of Axis Bank, said Friday. “Credit growth is directly linked to what is happening in the economy. Our belief is in the long-term...