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Tag Archives: Axis Bank

Axis Bank plans to raise Rs 35,000 crore to fund expansion

In line with its growth projection in domestic as well as overseas operations, Private sector Axis Bank is planning to raise up to Rs 35,000 crore in about a year’s time. In this regard, the country’s third largest private sector lender may issue debt securities denominated in Indian rupees or ... Read More »

Axis Bank attains 1 million micro-borrowers mark

Axis Bank has touched 1 million micro-borrowers mark and is not keen on acquiring stake in any microlender. The Bank will now focus on expanding the business organically rather than buying into a microfinance company. As many as 90 per cent of Axis Bank’s borrowers have been tapped by the ... Read More »

Axis Bank inks pact with GUS Holdings BV

Axis Bank has signed an agreement with GUS Holdings BV to sell 1.40 crore equity shares or 10% of total outstanding shares of Rs 10 a share face value of Experian Credit Information of India. Gus Holdings BV will buy the shares at Rs 45.7 a share, resulting in a ... Read More »

Sensex Ends 172 Points Higher, Nifty Settles Above 9,100

The BSE Sensex ended 172 points higher while the NSE benchmark Nifty settled above the 9,100 mark on Tuesday as banking shares rallied. Recovery in other Asian share and a positive opening in European markets also supported sentiments on Dalal Street. However, analysts believe that gains are likely to be ... Read More »