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Axis Bank’s Q1FY22 YoY net profit rises 94%

Axis Bank’s Q1FY22 YoY net profit rises 94%

🕔19:59, 26.Jul 2021

Mumbai, July 26  Lender Axis Bank on Monday reported a rise of 94 per cent in its net profit for the first quarter (Q1) of 2021-22 on a year-on-year basis. The net profit for the period under review rose to

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SUUTI to sell shares in Axis Bank via OFS

SUUTI to sell shares in Axis Bank via OFS

🕔07:49, 19.May 2021

Mumbai, May 18  The Specified Undertaking of the Unit Trust of India (SUUTI) has offered to sell nearly 2 per cent stake in Axis Bank through offer for sale (OFS). SUUTI may sell up to 5.8 crore shares at the

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Axis Bank to acquire 9.9% stake in Max Bupa Health’s promoter entity

Axis Bank to acquire 9.9% stake in Max Bupa Health’s promoter entity

🕔06:44, 15.Mar 2021

Mumbai, March 15  Axis Bank will acquire 9.9 per cent stake in Fettle Tone LLP, a promoter entity of Max Bupa Health Insurance. A special purpose vehicle set up by True North Fund VI LLP, Fettle Tone LLP is currently

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Axis Bank offers term deposits without penalty on premature closure

Axis Bank offers term deposits without penalty on premature closure

🕔18:33, 11.Jan 2021

New Delhi, Jan 11  Axis Bank, India’s third-largest private sector bank, on Monday announced the removal of penalty on premature closure of all new retail term deposits booked on or after December 15, 2020 for a tenure of 2 years

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Axis Bank’s Q2 net profit rises to Rs 1,683 cr

Axis Bank’s Q2 net profit rises to Rs 1,683 cr

🕔07:11, 29.Oct 2020

New Delhi, Oct 29  Lending major Axis Bank on Wednesday reported a net profit of Rs 1,683 crore for the second quarter (Q2) of 2020-21. The lender had posted a net loss of Rs 112 crore net profit during Q2.

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Google Pay adds tap to pay feature for Axis, SBI card users

Google Pay adds tap to pay feature for Axis, SBI card users

🕔14:27, 21.Sep 2020

New Delhi, Sep 21  Google Pay in collaboration with Visa and banking partners on Monday rolled out tokenisation across its platform, enabling users to safely transact with their cards and use Tap-to-pay feature on near-field communication (NFC)-enabled point of sale

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Axis Bank proposes to acquire 17% equity share capital of Max Life

Axis Bank proposes to acquire 17% equity share capital of Max Life

🕔07:15, 25.Aug 2020

Mumbai, Aug 25  Axis Bank has proposed to acquire 17 per cent equity share capital in Max Life Insurance. In a regulatory filing, it said that the parties have executed the definitive agreements for this. Post the acquisition, Axis Bank

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Axis Bank raises Rs 10,000 cr via QIP, shares surge

Axis Bank raises Rs 10,000 cr via QIP, shares surge

🕔07:42, 12.Aug 2020

New Delhi, Aug 12  Axis Bank has raised Rs 10,000 crore through Qualified Institutional Placement at a price of Rs 420.10 per share. The bank announced the opening of its QIP last week to raise funds to enhance its capital

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Axis Bank’s Q1 net profit down 19% on accounting policy changes

Axis Bank’s Q1 net profit down 19% on accounting policy changes

🕔07:22, 22.Jul 2020

Mumbai, July 22  Axis Bank on Tuesday reported a decline of 19 per cent in its net profit for the first quarter (Q1) of 2020-21 due to accounting policy changes and creation of NII reserves. The lender posted a net

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Fitch revises outlook on 9 Indian banks to negative

Fitch revises outlook on 9 Indian banks to negative

🕔17:41, 22.Jun 2020

New Delhi, June 22 After downgrading India’s outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative. The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable

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Six pvt banks join SBI to rescue Yes Bank; Federal Bank commits Rs 300 cr

Six pvt banks join SBI to rescue Yes Bank; Federal Bank commits Rs 300 cr

🕔09:40, 15.Mar 2020

Mumbai, March 14 As the government on Saturday notified the reconstruction scheme for Yes Bank, major private banks have come out with investment commitments for the crisis-hit bank. Federal Bank on Saturday announced that it would invest Rs 300 crore

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Axis Bank now confirms Rs 600 cr investment in Yes Bank

Axis Bank now confirms Rs 600 cr investment in Yes Bank

🕔21:35, 13.Mar 2020

Mumbai, March 13 Axis Bank has become the second private lender to confirm investment in the crisis-hit Yes Bank as its board has approved an investment of Rs 600 crore. In a regulatory filing on Friday, Axis Bank said that it

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IndianOil launches co-branded credit card with Axis Bank

IndianOil launches co-branded credit card with Axis Bank

🕔17:27, 17.Dec 2019

Welcome benefit of INR 250 on fuel transactions Fuel Benefits – 20x accelerated reward points on fuel spends at IndianOil(IOCL) petrol pumps Waiver of fuel surcharge; 5x reward points (Flipkart, Amazon, BigBasket, etc.) 10% instant discount on movie ticket booked

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Axis Bank’s Q1 net profit rises 95%

Axis Bank’s Q1 net profit rises 95%

🕔06:48, 31.Jul 2019

Mumbai, July 31  Lender Axis Bank on Thursday reported a rise of 95 per cent in its net profit for the first quarter (Q1) of 2019-20 on a year-on-year basis. The net profit for the period under review rose to

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RBI penalises UCO Bank, Axis Bank and Syndicate Bank

RBI penalises UCO Bank, Axis Bank and Syndicate Bank

🕔11:22, 6.Feb 2019

Mumbai, Feb 6 The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders — UCO Bank, Axis Bank and Syndicate Bank — over deficiencies in complying with different regulatory norms. The RBI imposed a penalty of Rs 2

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Axis Bank’s Q3 net profit rises 131%

Axis Bank’s Q3 net profit rises 131%

🕔19:43, 29.Jan 2019

Mumbai, Jan 29  Lending major Axis Bank on Tuesday reported an exponential growth of 131 per cent in its year-on-year net profit for the third quarter of 2018-19. According to the firm, net profit during the quarter under review increased

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Axis Bank commences process to appoint new MD & CEO

Axis Bank commences process to appoint new MD & CEO

🕔19:18, 20.Apr 2018

Mumbai, April 20  Lending major Axis Bank on Friday said it has commenced the “succession process to appoint a new Managing Director and CEO”. According to a BSE filing, the company’ Board has appointed Egon Zehnder, a global leadership advisory

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RBI slaps penalty of Rs 3 cr on Axis Bank, Rs 2 cr on IOB

RBI slaps penalty of Rs 3 cr on Axis Bank, Rs 2 cr on IOB

🕔20:10, 5.Mar 2018

Mumbai, March 5  The Reserve Bank of India (RBI) has imposed a penalty of Rs 3 crore on private sector Axis Bank for violation of non-performing asset (NPA) classification norms, and Rs 2 crore on state-run Indian Overseas Bank (IOB)

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Axis Bank plans to raise Rs 11,626 crore

Axis Bank plans to raise Rs 11,626 crore

🕔21:41, 10.Nov 2017

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’ approval to go

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Axis Bank’s Q2 net profit up 36%

Axis Bank’s Q2 net profit up 36%

🕔09:38, 18.Oct 2017

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

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