Axis Bank
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Axis Bank and Max Life Insurance JV on track
Business
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The Axis Bank-Max Life Insurance JV deal has moved closer with both firms agreeing to amend clauses in their transaction contract that had flagged concerns of the insurance regulator, IRDAI.
Axis Bank increases provisions for Q1 FY 21 as moratorium level falls
Nation
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In the June quarter, the private sector bank beefed up provisions by 15.8% year-on-year and provided ₹733 crore specifically towards pandemic risks over and above the ₹3,000 crore made in the March quarter. The bank has ₹6,898 crore in additional provisions over and above those needed for bad loans.
Axis Bank to raise Rs. 15,000 crore from QIP
Business
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Axis Bank to raise Capital to the tune of $1.2 Billion
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