Page 10 - Axis Bank
Axis Bank acquires Citi's consumer business in India for $1.6 bn
The all-cash deal includes Citi's credit cards, retail banking, wealth management and consumer loan
 "Axis Bank acquires Citi's consumer business in India for $1.6 bn")
With Citi deal, life has come full circle for Axis Bank's Amitabh Chaudhry
In all likelihood, he would have worn a broad grin; and asked them to get behind their desks. A confirmed workaholic, Axis Bank's boss is not known to suffer fools gladly
 "With Citi deal, life has come full circle for Axis Bank's Amitabh Chaudhry")
Citi deal can perk up Axis Bank's prospects, but there are challenges too
Cheaper-than-expected valuation for the above-average customer franchise is positive; extracting synergies, smooth integration among key challenges
 "Citi deal can perk up Axis Bank's prospects, but there are challenges too")
Citibank customers to continue availing privileges and offers: Axis Bank MD
If the customers agree to Axis managing their business, their accounts, credit cards and other business will change over, else the relationship will terminate and they can exit with their deposits
 "Citibank customers to continue availing privileges and offers: Axis Bank MD")
Axis Bank acquires Citi's India consumer business in a Rs 12,325-cr deal
Acquisition of 3 million unique customers of Citibank India to enhance Axis Bank's presence in the key identified growth segments, the Mumbai-headquartered lender said
 "Axis Bank acquires Citi's India consumer business in a Rs 12,325-cr deal")
Top headlines: Axis acquires Citi India's retail assets; Centre hikes DA
Business Standard brings you the top headlines on Thursday
 "Top headlines: Axis acquires Citi India's retail assets; Centre hikes DA")
Citigroup to sell India consumer business to Axis Bank for $1.6 bn
The deal will include the transfer of about 3,600 Citi employees to Axis, and Citi expects the release of about $800 mn of allocated tangible common equity after the deal
 "Citigroup to sell India consumer business to Axis Bank for $1.6 bn")
Axis Bank set to buy Citi's India consumer business: Report
In April 2021, Citigroup announced its plan to exit from the consumer banking business in India as part of its global strategy
Sensex ends choppy day 234 pts down; Nifty holds 17,150; IT, FMCG weigh
CLOSING BELL: Titan Company, Tech M, Maruti Suzuki, Cipla, IOC, Nestle India, Hero MotoCorp, Eicher Motors, L&T, TCS, Wipro, and Tata Steel were the top laggards
 "Sensex ends choppy day 234 pts down; Nifty holds 17,150; IT, FMCG weigh")
Sebi levies Rs 5 lakh penalty on Axis Bank
During this period, Axis Bank acted as a merchant bank for 22 debt issues launched by various companies.
HDFC Bank, Kotak Mahindra and Axis Bank acquire 8% each in ONDC
All the three banks have invested Rs 10 crore each.
 "HDFC Bank, Kotak Mahindra and Axis Bank acquire 8% each in ONDC")
Launched in 2019, Flipkart Axis Bank Credit Card surpasses 2 mn users
The card covers 18,000-plus pin codes, with nearly a million cards issued in under a year owing to the increase in online adoption and digital transactions
 "Launched in 2019, Flipkart Axis Bank Credit Card surpasses 2 mn users")
Launched in 2019, Flipkart Axis Bank Credit Card surpasses 2 mn users
The card covers 18,000-plus pin codes, with nearly a million cards issued in under a year owing to the increase in online adoption and digital transactions
 "Launched in 2019, Flipkart Axis Bank Credit Card surpasses 2 mn users")
March out of retail: Why are foreign banks clinging to corporate banking?
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space
 "March out of retail: Why are foreign banks clinging to corporate banking?")
Bouncing Back! SBI, Axis Bank, AU SFB cross key hurdles, more upside likely
Banking shares have bounced back strongly in trades on Thursday amid hopes of a peace deal between Russia and Ukraine on planned diplomatic talks.
 "Bouncing Back! SBI, Axis Bank, AU SFB cross key hurdles, more upside likely")
Finance stocks in focus; Axis Bank, Bajaj Finserv, SBI rally up to 6%
At 11:53 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Private Bank indices were up 4 per cent, as compared to a 2.3 per cent rise in the Nifty50 index.
 "Finance stocks in focus; Axis Bank, Bajaj Finserv, SBI rally up to 6%")
American lender Citi to hire 80 commercial bankers in India in 3 years
The move is part of a plan to hire 350 bankers in Citi Commercial Bank Asia Pacific over the next three years, as per a statement
 "American lender Citi to hire 80 commercial bankers in India in 3 years")
Bharti Airtel ties up with Axis Bank to launch credit card
Bharti Airtel and Axis Bank on Monday announced the launch of Airtel Axis Bank Credit Card as part of a strategic partnership to strengthen the growth of India's digital ecosystem
Axis Bank, IPE Global commit $150mn loan for India health infra, post Covid
Axis Bank has committed to strengthening India's healthcare infrastructure by signing an MoU with IPE Global for the SAMRIDH Healthcare Blended Finance Facility, the bank said in a release
 "Axis Bank, IPE Global commit $150mn loan for India health infra, post Covid")
Axis Bank, IPE Global commit $150mn loan for India health infra, post Covid
Axis Bank has committed to strengthening India's healthcare infrastructure by signing an MoU with IPE Global for the SAMRIDH Healthcare Blended Finance Facility, the bank said in a release
