Irdai's approval takes Max Financial Services one step closer to the consummation of its deal with private lender Axis Bank
Muthoot Finance and Axis Bank are instances of the regulator objecting to acquisitions
After over six months and three different structures, the deal could be in its final stages of completion
Axis Bank has acquired over 57,700 shares in CSC e-Governance Services India Ltd for Rs 36.38 crore, the lender said on Thursday.
Defaulting on card dues could restrict access to credit in future
RBI did not consider Axis's earlier proposal of acquiring 17% stake in Max Life
Overall numbers bettered expectations, rising pool of stressed loans may be the tricky aspect
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Asset quality to be weaker than HDFC Bank
NII has grown 20 per cent to Rs 7,326 crore in the July-September quarter of FY21, compared to Rs 6,102 crore in the corresponding period of last financial year
The bank's total income rose marginally to Rs 19,870.07 crore in the second quarter of 2020-21, from Rs 19,333.57 crore in the same period last year, it said in a regulatory filing
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Analysts expect the net profit to come in at Rs 1,740 crore along with pre-provision profit (PPP) at Rs 6,380 crore.
Kick-starting its festival season offerings, Axis Bank on Tuesday announced a host of discounts on various consumer platforms, as well as loans at special rates
Market participants would watch out for greater clarity on NPA recognition, loan restructuring roadmap, and credit costs for the rest of the year
Axis Bank Ltd. will increase staff salaries between 4% and 12% from Oct. 1 based on performance, according to people with knowledge of the plans
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He was quick to add that we are not completely out of the woods yet and a sustained recovery may take a few quarters
With 72 per cent gains in six months, the stock is an outperformer in the pack; monthly premium numbers don't provide comfort