On a trail of a jeweller who allegedly sold bullion worth Rs 600 crore, the Income Tax Department on Thursday unearthed Rs 60 crore from the accounts of 20 shell companies in a raid at an Axis bank branch at sector 51 in Noida.
Axis Bank branch closed during a raid by Income Tax officials in the Chandni Chowk in New DelhiAxis Bank on Monday slammed a regional newspaper report stating authorities were preparing to revoke the bank's license as "false
Axis Bank has plunged 7% to Rs 490 on BSE in early morning trade after the bank reported a sharp 83% year on year (YoY) drop in net profit to Rs 319 crore for the quarter ended September 30, 2016 (Q2FY17), due to higher provisioning of bad loans.
Axis Bank, the country’s second-largest private sector lender, is set to buy stake in Assets Care & Reconstruction Enterprise (ACRE). The lender is looking at picking up 13.67 per cent stake in the asset reconstruction company (ARC).
Private sector lenders, including Axis Bank, Kotak Mahindra Bank and RBL, have taken a small stake in the National Payments Corporation of India (NPCI) as part of process to broad-base its shareholding.
Investment bankers will be managing the Rs 60,000-crore share sale in companies including ITC, Axis Bank and Larsen & Toubro (L&T) by the government for a token amount of Rs 1, said four people with direct knowledge of the development.
India's largest insurer Life Insurance Corporation of India (LIC) has signed an agreement with private sector lender Axis Bank as its bancassurance partner wherein the bank will distribute LIC's products to its customers.
Axis Bank was down 4% to Rs 515 in opening deals on the BSE, after the bank reported 21% year on year (YoY) decline in net profit at Rs 1,556 crore for the quarter ended June 30, 2016 (Q1FY17), due to higher provisioning for bad loans.
An employee speaks on his mobile phone as he walks inside Axis Bank's corporate headquarters in MumbaiAxis Bank, the country’s third largest private sector lender, had a 21 per cent decline in net profit in the June quarter to Rs 1,556 crore.
Axis Bank, the country’s third-largest private sector lender, has cut its base rate by 10 basis points to 9.35 per cent, bringing its minimum lending rate on a par with that of ICICI Bank, but still to catch up with the country’s largest