In March 2022, Axis Bank said it would purchase Citi's retail business in a transaction worth Rs 12,235 crore
The current edition is focused on the broader theme of 'Indian SMEs: Shifting Gears for Next Level Growth'
Max Life and Max Financial Services are committed to going ahead with the deal with Axis Bank, which will see the latter acquire another 7 per cent stake in the life insurance company, said the CEO
In a Q&A, Axis Bank MD & CEO Amitabh Chaudhry says bank's core leadership is focused on 19 transformative initiatives, at both business and functional levels in order to become better execution engine
As the competition heats up between banks and the new-age fintech firms, large banks with healthy operational perfomances and strong balance sheet will continue to grow faster than the industry, Axis Bank MD&CEO Amitabh Chaudhry said in the annual report 2021-22 released on Wednesday. With a number of transformation driven initiatives like One Axis and stepping up of investments on technology among others, he said these are the steps for building a 'Bank of Bharat'. "....raising the bar on customer obsession with our project 'Sparsh', and the contracted acquisition of Citi's India consumer business continue to push our agenda in the right direction," Chaudhry said in his statement to the shareholders of the bank. He said there has been intense competition between the incumbent banks and new age fin-tech companies to win the hearts and minds of customers. "In such an environment, the large banks with healthy operational performance, strong balance sheet and capital position, ...
Anand joined Axis AMC in 2009 and was its founding MD and CEO. He subsequently went on to become the President (Retail Banking) of Axis Bank in 2013 and then joined the bank's board in 2016
Bandhan Bank MD and CEO Chandra Shekhar Ghosh said the rural and semi-urban segments present huge opportunities for the banking industry
Sridharan joined Axis Bank in June 2010 and was made CFO in October 2015. He was previously with Capital One Financial, a consumer bank based in the US
Axis Bank reported good numbers in the second quarter of FY20 even though the bank had a net loss of Rs 112 crore in the period
Axis Bank today said it has shortlisted three candidates to succeed the MD & CEO Shikha Sharma, whose term is due to expire in December this year. The bank, however, did not disclose names of the candidates shortlisted for the post. In terms of extant RBI norms and the succession planning process of the bank, the Board of Directors of the bank at its meeting held on July 9, 2018, has recommended the names of three candidates, in order of preference, for the approval of the RBI, Axis Bank said in a regulatory filing. "The candidate as approved by the RBI, will succeed Shikha Sharma, whose term as the Managing Director & CEO of the Bank, is due to expire on 31st December 2018," the bank said. Axis Bank will be submitting its application in respect of the recommendations relating to the said appointment, for the approval of the RBI, it added further. Earlier in April, the bank CEO had wanted her new term to be reduced to seven months from three-year tenure, which was accepted by .
The ICICI Bank veteran had joined Axis Bank in June 200