Page 26 - Axis Bank

RBI imposes penalties of Rs 93 lakh each on Axis and IDBI Bank

A monetary penalty of Rs 93 lakh has been imposed on Axis Bank for non-compliance of certain directions issued by RBI, the regulator said in a release

CCI probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel

Indian regulations mandate that companies raising debt appoint a so-called 'debenture trustee' to protect the interests of investors.

MD and CEO of Axis Bank is set to build a second home in Alibaug

Amitabh Chaudhry, Managing Director & CEO of Axis Bank, is one of the latest entrants in a line of high profile individuals who have bought into the coastal town of Awas, Alibaug. He has recently invested in property there and plans to build his dream home with entrepreneur Aditya Kilachand's current venture Avas Bespoke. Avas Bespoke is an extension ofThis story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article.

How Axis Bank gains from Citibank: It's about quality of customers

The quality of customers it acquires holds the key to success but the benefits of the buyout could kick in only from FY25

IPOs and buybacks go missing from 2021-22 disinvestment drive

The number of buybacks dropped from seven in FY21 to just one in FY22.

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

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-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.

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

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 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.

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?

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

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

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

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

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