Page 25 - Axis Bank
IPOs and buybacks go missing from 2021-22 disinvestment drive
The number of buybacks dropped from seven in FY21 to just one in FY22.
 "IPOs and buybacks go missing from 2021-22 disinvestment drive")
We're doubling down investment in institutional biz: Citi Asia-Pacific CEO
In this exclusive interview with Tamal Bandyopadhyay, Citi Asia Pacific CEO Peter Babej explains why his bank has chosen to sell its retail business in India and what it plans for the future
 "We're doubling down investment in institutional biz: Citi Asia-Pacific CEO")
Axis Bank to make significant gains from Citi deal only from FY2025
The rating agency S&P said the acquisition of Citi consumer business will strengthen Axis bank's retail market position and diversify its revenue profile
 "Axis Bank to make significant gains from Citi deal only from FY2025")
Axis Bank-Citi deal: Brokerages list key positives & negatives for the bank
The affluent credit card segment was seen as a gap in Axis Bank's customer positioning and will fit in the lender's retail portfolio.
 "Axis Bank-Citi deal: Brokerages list key positives & negatives for the bank")
RIL, HDFC Bk drag Sensex 115pts, Nifty holds 17,450; indices up 19% in FY22
CLOSING BELL: Hindalco tumbled 5 per cent, followed by Divis Labs, Apollo Hospitals, RIL, Wipro, Eicher Motors, Dr Reddy's Labs, and Cipla
 "RIL, HDFC Bk drag Sensex 115pts, Nifty holds 17,450; indices up 19% in FY22")
Axis Bank can jump up to 7% post Citi deal; needs to hold 200-DMA
The current momentum, which is showing stability above 200-DMA could see a gradual rally towards Rs 800 to Rs 815 levels, its next hurdle zone.
 "Axis Bank can jump up to 7% post Citi deal; needs to hold 200-DMA")
Axis Bank spurts 2% on acquiring Citigroup's Indian banking businesses
The private lender has acquired Citigroups' Indian consumer banking businesses, including credit cards, retail banking, wealth management and consumer loans in an all cash deal worth Rs 12,325 crore.
 "Axis Bank spurts 2% on acquiring Citigroup's Indian banking businesses")
What does the Axis-Citi deal mean for Citi's India customers?
Citigroup has sealed the deal with Axis Bank to sell its consumer businesses for nearly $2 bn. What does Citi's exit from India mean for its customers here? And what Axis is going to gain from it?
 "What does the Axis-Citi deal mean for Citi's India customers?")
TMS Ep140: Axis-Citi deal, BS Awards 2021, small caps, carbon credits
What does Axis-Citi deal mean for Citi's India customers? What does the BS Awards 2021 winners reflect about India Inc? Will small cap continue its dominance? What are carbon credits? All answers here
 "TMS Ep140: Axis-Citi deal, BS Awards 2021, small caps, carbon credits")
Top headlines: Govt to review PLI progress; Axis buys Citi's India's biz
The central government will do a two-stage review of the PLI scheme to determine its progress and implementation across sectors. More on this in our top headlines.
Axis Bank acquires Citi's consumer business in India for $1.6 bn
The all-cash deal includes Citi's credit cards, retail banking, wealth management and consumer loan
 "Axis Bank acquires Citi's consumer business in India for $1.6 bn")
With Citi deal, life has come full circle for Axis Bank's Amitabh Chaudhry
In all likelihood, he would have worn a broad grin; and asked them to get behind their desks. A confirmed workaholic, Axis Bank's boss is not known to suffer fools gladly
 "With Citi deal, life has come full circle for Axis Bank's Amitabh Chaudhry")
Citi deal can perk up Axis Bank's prospects, but there are challenges too
Cheaper-than-expected valuation for the above-average customer franchise is positive; extracting synergies, smooth integration among key challenges
Citibank customers to continue availing privileges and offers: Axis Bank MD
If the customers agree to Axis managing their business, their accounts, credit cards and other business will change over, else the relationship will terminate and they can exit with their deposits
 "Citibank customers to continue availing privileges and offers: Axis Bank MD")
Axis Bank acquires Citi's India consumer business in a Rs 12,325-cr deal
Acquisition of 3 million unique customers of Citibank India to enhance Axis Bank's presence in the key identified growth segments, the Mumbai-headquartered lender said
Top headlines: Axis acquires Citi India's retail assets; Centre hikes DA
Business Standard brings you the top headlines on Thursday
Citigroup to sell India consumer business to Axis Bank for $1.6 bn
The deal will include the transfer of about 3,600 Citi employees to Axis, and Citi expects the release of about $800 mn of allocated tangible common equity after the deal
Axis Bank set to buy Citi's India consumer business: Report
In April 2021, Citigroup announced its plan to exit from the consumer banking business in India as part of its global strategy
Sensex ends choppy day 234 pts down; Nifty holds 17,150; IT, FMCG weigh
CLOSING BELL: Titan Company, Tech M, Maruti Suzuki, Cipla, IOC, Nestle India, Hero MotoCorp, Eicher Motors, L&T, TCS, Wipro, and Tata Steel were the top laggards
 "Sensex ends choppy day 234 pts down; Nifty holds 17,150; IT, FMCG weigh")
Sebi levies Rs 5 lakh penalty on Axis Bank
During this period, Axis Bank acted as a merchant bank for 22 debt issues launched by various companies.