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FII/NRI investment in Axis Bank reach trigger limit

Last Updated: Friday, November 22, 2013, 20:31

The Reserve Bank on Friday said FIIs and NRIs would not be allowed to purchase shares in Axis Bank as the limit for their investment has reached the trigger limit.

Morgan Stanley upgrades Axis Bank to ''overweight''

Last Updated: Tuesday, November 19, 2013, 19:44

Morgan Stanley also adds valuation multiples for Axis Bank factor in a fair degree of weakness.

Axis MF launches new close-ended equity scheme

Last Updated: Tuesday, November 19, 2013, 19:17

Axis Mutual Fund has launched 'Axis Small Cap Fund', a close-ended equity scheme with a 5-year lock-in period, a company release said.

Axis Bank to be 'foreign-owned' after hike in overseas investment

Last Updated: Sunday, November 17, 2013, 15:05

Axis Bank will become a "foreign- owned" lender, to be governed by FDI policy, following the go- ahead to its proposed increase in foreign investment holding to 62 percent, entailing inflow of over Rs 6,200 crore.

SBI raises lending rates by 0.20%, Axis Bank revises FD rates

Last Updated: Wednesday, November 06, 2013, 20:04

Days after RBI hiked policy rate, country's largest lender State Bank of India (SBI) on Wednesday raised its lending rate by 0.20 percent to 10 percent, a move that is likely to be followed by other banks.

Axis Bank Q2 net profit up 21% to Rs 1,362 cr

Last Updated: Thursday, October 17, 2013, 14:13

Axis Bank on Thursday reported a 21.2 percent increase in net profit to Rs 1,362.31 crore for the second quarter ended September 30, 2013.

Axis Bank hints at lending rate hike again

Last Updated: Tuesday, October 01, 2013, 18:29

After raising its base rate in August, Axis Bank today hinted at raising its interest rates again, citing increasing cost of funds.

TRAI warns seven banks for sending pesky communications

Last Updated: Monday, September 23, 2013, 20:24

The errant banks which also include PNB, Citi, Axis and Kotak Mahindra are found to be marketing their products and services using unregistered telemarketers, Telecom Regulatory Authority of India (TRAI) said in a statement.

RBI sets up panel to frame vision for financial inclusion

Last Updated: Monday, September 23, 2013, 17:59

The Reserve Bank Monday announced a 13-member committee, including former Citibank CEO Vikram Pandit and Axis Bank chief Shikha Sharma, to frame a "clear and detailed" vision for financial inclusion/deepening across the country.

FIPB clears Axis Bank's proposal to raise FDI limit to 62%

Last Updated: Thursday, September 19, 2013, 18:05

The FIPB approved raising the foreign equity holding in Axis Bank to 62 percent from 49 percent, subject to the condition that the holding of foreign institutional investors does not exceed 49 percent.

Essar Energy gets $300 mn credit to repay bridge loan

Last Updated: Thursday, September 12, 2013, 11:45

The USD 150 million facility, originally agreed with Axis Bank, was signed and disbursed in September 2012 and allowed for an increase to USD 450 million. Both facilities mature in 2017.

FIPB to consider Axis Bank, HCL Tech proposals next week

Last Updated: Wednesday, September 11, 2013, 16:02

The proposals of Axis Bank and HCL Technologies to raise foreign shareholding limit will be taken up for consideration by the Foreign Investment Promotion Board (FIPB) next week.