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Latest Articles in axis bank

Axis Bank To Wind Up UK Subsidiary After Deal With OpenPayd Fails

India's third largest private lender Axis Bank is winding up its subsidiary in Britain after a deal with financial firm OpenPayd failed, it said in a regulatory filing on Thursday

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RBI To Hike Rates By 30-50 Bps At Aug 5 MPC Meeting: Axis Bank Chief Economist

A hike of such a quantum will take the repo rate beyond the 5.15 per cent level, at which the RBI had begun the ultra-accommodative measures in the face of the Covid-19 pandemic, he told reporters

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CCI Clears Axis Bank-Citi Deal, One Of India's Largest Financial Agreements

Under the deal worth Rs 12,325 crore, announced on March 30, Axis Bank would take over Citi's credit cards, personal loans and wealth management businesses that are focused on the affluent segment

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Q1 Results: Axis Bank Net Profit Jumps 91% YoY To Rs 4,125 Cr

Net interest income (NII) for the quarter jumped 21 per cent YoY to Rs 9,384 crore

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Large Banks With Healthy Performance To Outperform Industry: Axis Bank CEO

With a number of transformation driven initiatives like One Axis and stepping up of investments on technology among others

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RBI May Increase 5.75% Lending Rate: Axis Bank Economist

The next meeting of the Monetary Policy Committee (MPC) is scheduled for June 6-8

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Markets End The Week In Red; Sensex Slumps 460 Pts

The 30-share pack Sensex declined 460.19 points or 0.80 per cent to close at 57,060.87. Its broader peer, NSE Nifty50, slumped 142.50 points or 0.83 per cent to 17,102.55

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Axis Bank's Shares Tumbled Over 5% On Friday After Earnings Announcement

Axis Bank on Thursday reported a 49.77 per cent jump in its consolidated net profit for the March quarter at Rs 4,434 crore, helped by a steep reduction in money set aside for bad debts

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Q4FY22 Results: Axis Bank's Net Profit Jumps 54% To Rs 4,118 Cr

The country's third-largest private sector lender had posted a net profit of Rs 2,677.06 crore in the year-ago period

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Debt Trustee Units Of SBI, Axis, IDBI Under CCI Scanner For Suspected Fee Cartel

Indian regulations mandate that companies raising debt appoint a so-called "debenture trustee" to protect the interests of investors. The trustees charge a fee from the companies issuing the debt and make independent due-diligence checks on them

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Axis Bank Acquires Citi's India Consumer Business For 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

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Citibank Customers Can Continue To Avail Rewards, Privileges: Axis Bank MD

Axis Bank and Citibank together will ensure continuity of superior customer service levels, even post-closing of transaction, across all customer channels, Axis Bank MD Amitabh Chaudhry said

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Axis Bank Set To Buy Citigroup's India Retail Banking Biz, Announcement Soon

According to sources, the deal is to be valued at $2.5 billion or Rs 18,000 crore, and will be subject to regulatory approvals

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Sebi Penalises Axis Bank For Violating Merchant Bankers Regulations

The regulator had conducted an examination of the debt capital market operations of Axis Bank during the August 2016 to August 2019 period. It was observed that Axis Bank (noticee) had acted as the merchant banker in respect of 22 public issuances of debt of various companies during the given period

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