Axis Bank Ltd. is nearing a deal to buy Citigroup Inc.’s India retail banking business in a transaction that could be valued at about $2.5 billion. An agreement for the consumer unit may be announced as soon as the next few weeks and is contingent on approval from the Reserve Bank of India. The deal would include a cash […]
Axis Bank set to buy Citigroup’s India retail banking business Read More »
Axis Bank has announced the approval to reclassify Oriental Insurance Company Ltd (OICL) from promoter category to public category shareholder in the bank. In October, applications were made to BSE and NSE for reclassification of The New Oriental Insurance Co to public category from promoter category. At present, OICL holds a 0.16 per cent stake in Axis Bank. Currently, BSE & NSE
Oriental Insurance categorised as public shareholder in Axis Bank Read More »
Axis Bank is working with new digital services from provider Swift to provide a comprehensive digital solution to clients. The bank is integrating with different digitization initiatives by government bodies and service providers to extend an end-to-end service to business clients. In businesses, we have seen two years of digitization take place in two months after the pandemic.
Axis Bank tied up with Swift to provide a digital banking solution Read More »
Axis Bank has signed an MoU with the Indian Navy, offering a defence Service Salary package with best-in-class benefits and features under its ‘’Power Salute’’ initiative. The benefits include a personal accidental cover of up to ₹56 lakh to all navy personnel, veterans, and cadets. Also, additional up to ₹8 lakh children education grant; total permanent disability cover benefit
Axis Bank signs MoU with Indian Navy for salary accounts Read More »
The Reserve Bank of India (RBI) approved the re-appointment of Mr. Amitabh Chaudhry as Managing Director and Chief Executive Officer (CEO) of leading private lender – Axis Bank for a period of three years. Amitabh had taken charge as Axis Bank’s new MD and CEO in January 2019 after outgoing MD and CEO Shikha Sharma retired, effective December
The Reserve Bank of India (RBI) has approved the re-appointment of Amitabh Chaudhry as the Managing Director & CEO of Axis Bank for a period of three years. The private lender confirmed the appointment and stated that it has received the central bank’s approval for Chaudhry’s re-appointment for another three-year period, with effect from 1
RBI approves re-appointment of Amitabh Chaudhry as MD, CEO of Axis Bank Read More »
