Most brokerages have raised target prices on Axis Bank by 5-20% after the lender’s September quarter results exceeded Street estimates. The private lender reported a profit of Rs 1,682.7 crore for the quarter against loss of Rs 112.1 crore in the same period a year ago. Brokerages said the asset quality is better than what … Read more
NEW DELHI: India is at the fag end of the interest rate cut cycle, but the era of 10-12 per cent interest rates on fixed deposits is never going to come again. That was the message from Amitabh Chaudhry, MD and CEO of Axis Bank on Thursday. In order to cushion the impact of Covid-19, … Read more
Earlier this year, the board of Axis Bank had approved the purchase of an additional 29% stake in Max Life Insurance which could have taken the private lender’s total stake in the insurer to 30%. Axis Bank today proposed to acquire just over 17 per cent of the equity share capital of Max Life, which … Read more
MR Kumar says the insurance behemoth may bring in outside fintechs and insurance techs to grow scale The productivity of LIC Agents and that of LIC is one of the highest in the industry. You also have the best bancassurance tieup, but you have not managed to capitalise on that.True, this is something we have … Read more
The hiring model comprises two working patterns, first is full-time permanent job and the second is based on the duration of a project. Axis Bank has plans to employ nearly 1,000 people under its new hiring initiative ‘Gig-a-Opportunities’, a model devised to attract skilled talent that can work with the bank remotely, from anywhere in … Read more
We are not positive but neutral when it comes to the construction or infrastructure space, said Fund Manager, MOAMC. Let us take stock of the earnings so far. Post Axis Bank’s moratorium confusion, it seems like the Street has absorbed the earnings well. I cannot comment on individual stocks but if we look at the … Read more