Page 11 of Axis Bank

Credit Suisse is seeking about Rs 660 crore in dues from RCap and Axis Bank about Rs 100 crore. NCLT’s Mumbai bench is slated to hear the matters separately on May 9 and May 10.

Credit Suisse, Axis Bank drag Reliance Capital, administrator to NCLT

At its meeting, the CoC also decided to seek a three-months extension to the June 3 deadline for the completion…

April 14, 2022 01:00 IST

Buy Axis Bank, Mahindra & Mahindra Finance shares; Bank Nifty faces resistance 38700

The immediate support for the Bank Nifty is placed near its 21 DMA which is placed at 36750 levels and…

April 11, 2022 08:50 IST

Axis Bank has signed a partial guarantee facility agreement (PGFA) with ADB to support supply chain financing for impact sectors, under which ADB will provide guarantees (variable) to the lending done by Axis Bank, the bank said in a release.

Axis Bank inks USD 150 mn partial guarantee pact with ADB to support supply chain financing

It will also complement the surge in demand and expansion of operations in relevant sectors, thus enhancing their growth curves.

April 7, 2022 17:54 IST

Sanjiv Bhasin sees Nifty hitting new high in FY23; bullish on these 2 private bank stocks | IIFL INTERVIEW

NSE Nifty 50 may hit a new record high in this new financial year, surpassing the previous all-time high of…

April 4, 2022 14:37 IST

The deal is subject to regulatory approvals.

Axis Bank rating – Buy: Deal opens up avenues for firm

Success will hinge on a few critical factors; could boost FY24/25e EPS by 2-4%; ‘Buy’ rating retained with unchanged TP…

April 4, 2022 06:15 IST

While most analysts took the view that the deal was reasonably valued, a few saw it as expensive.

Customer, employee retention key to success of Axis-Citi deal, say analysts

Axis Bank’s management has said that the transaction with Citi incorporates appropriate clawback arrangements. The bank has factored in a…

April 1, 2022 01:00 IST

Data Drive: Axis Bank-Citibank deal — An ace in the card game?

Citi India has the highest spend per credit card, which will help Axis Bank garner a higher fee income.

April 1, 2022 00:13 IST

Axis Bank shares jump nearly 2 per cent after Citi deal

At the NSE, it gained 1.67 per cent to Rs 763.Axis Bank on Wednesday said it will acquire US-based Citi’s…

March 31, 2022 11:45 IST

Axis Bank, Citibank, banking and finance deal

Axis Bank shares up 2% as it taps HNI customers with Citi’s retail biz deal; brokerages see upto 40% upside

Analysts are bullish on Axis’s stock and said the deal provides the lender an instant access to affluent customer segments.…

March 31, 2022 11:45 IST

Deal to strengthen lender’s position in credit cards business

After growing organically, Axis Bank has acquired the consumer business of Citibank. The senior management of Axis Bank broke the…

March 31, 2022 09:02 IST

Reliance Industries, Axis Bank, ONGC, Bharti Airtel, Vodafone Idea, Tata Steel, Spicejet stocks in focus

Bulls are now gradually gaining strength in the market. After trading in the range of 17,000-17,400 for 8 trading session,…

Updated: March 31, 2022 08:16 IST

Addressing queries from analysts on the impact of sustained attrition on the deal value, Amitabh Chaudhry, CEO of Axis Bank, said: “When assets get transferred to Axis on the LD1 date (9-12 months down the line), metrics will be looked at and purchase consideration will be assessed again based on assumptions made earlier.”

Deal value to be re-assessed if attrition is higher: Axis Bank

After Axis Bank negotiated the deal in June 2021, Citi has continued to lose customers. During a call with analysts…

March 31, 2022 05:00 IST

Axis Bank snaps up Citi’s consumer biz for $1.6 billion; deal may be closer in 9-12 months

The deal, which will give Axis Bank access to three million new customers, is likely to be closed over the…

March 31, 2022 03:40 IST

The gauge for bank stocks, Bank Nifty, gained 2.4% during the same period. Shares of Kotak Mahindra Bank has declined 1.8% since January.

Axis Bank gains 1.7%, shines on Bank Nifty

All the Bank Nifty constituents, barring Axis Bank, ICICI Bank and SBI, have lost value during the week, with IDFC…

March 31, 2022 01:00 IST

Axis Bank, Citigroup, credit cards business

Citibank to sell retail business to Axis Bank in $1.6 bln cash deal; no immediate impact on Citi’s customers

Citi said the deal includes its NBFC’s consumer business, comprising commercial vehicle and construction equipment loans, as well as the…

Updated: March 30, 2022 16:38 IST

Axis Bank set to announce Citi cards biz acquisition today

The deal was earlier understood to be worth around $2 billion, but the final value could be lower, sources close…

Updated: March 30, 2022 10:59 IST

Reserve Bank to maintain status quo at April meet: Axis Bank Chief Economist

Bhattacharya said he had earlier expected a tightening action at the policy meet scheduled for April 6-8 but the increased…

March 28, 2022 13:59 IST

Sebi imposes Rs 5 lakh fine on Axis Bank

The showcause notice issued to Axis Bank on March 2, 2021, alleged that bank had acted as a lead manager…

Updated: March 25, 2022 08:58 IST

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