Page 30 - Axis Bank

Axis Bank commences process to select CEO Shikha Sharma's successor

Private sector lender Axis Bank today said it has started the process to select a new Managing Director & CEO as the incumbent Shikha Sharma is scheduled to demit office in December. Earlier this month, Sharma had requested the Board that she may be relived in December. The bank had earlier given her a new three-term beginning June 1. "This is to inform you that the Board of Directors of the Bank has commenced the succession process to appoint a new Managing Director & CEO of the Bank," Axis Bank said in a regulatory filing. The Board has appointed Egon Zehnder, a global leadership advisory firm, to conduct the succession process and evaluate candidates for the said post. The bank further said the Board will ensure that the process will be completed before the end of Sharma's tenure and "thus facilitate smooth transition of leadership responsibilities at the bank". In December last year, the bank had said the Board had decided to reappoint Sharma as the Managing Director and ..

Axis Bank sells part of Echanda Urja loans to IREDA, Central Bank

With this, Axis Bank has reduced its exposure in Echanda Urja by Rs 2 billion to below Rs 3 billion

Axis Bank up 6% in two days as board cuts short CEO Shikha Sharma's tenure

The stock was up 2.4% at Rs 531 on Tuesday in early morning trade, extending its Monday's 3.4% gain on the BSE

Axis Bank board cuts short CEO's tenure, Shikha Sharma to stay on till Dec

Sharma joined Axis Bank in 2009 after heading ICICI Prudential Life Insurance; move comes after RBI's objection to fresh term

Reserve Bank of India drops Axis Bank from list of bullion importers

Bank of Baroda, HDFC Bank and Bank of Nova Scotia were among the 16 banks allowed to import bullion

Axis Bank customers with balance of Rs 100 mn and above to get 6% interest

New rate will be effective March 19

Axis Bank to be able to process payments over WhatsApp soon

The bank also termed Unified Payments Interface (UPI) as a huge opportunity

RBI imposes penalty of Rs 30 mn on Axis Bank and Rs 20 mn on IOB

Axis attracted fine for flouting NPA norms and Indian Overseas Bank for KYC breach

Axis Bank to focus only on better-rated borrowers as bad loans soar

The bank is one of the worst-affected in the private sector after the Reserve Banks asset quality review

Axis Bank Q3 profit up 25% to Rs 7.2 bn as net interest income grows

Bank's Capital Adequacy Ratio stood at 17.5 per cent at end of December 2017

Axis Bank hits 52-week high post Q3 results

The stock moved higher to its 52-week high of Rs 621, up 5% on BSE in noon deal, after the bank reported improved assets quality in Q3FY18 sequentially.

Axis Bank gets shareholder nod to raise Rs 11,626 cr

The shareholders approved the fund-raising during an extraordinary general meeting (EGM) of the bank

Axis Bank regaining lost ground

Following mega fundraising plans, analysts have upgraded their rating

Axis Bank hits fresh 52-week high on board nod for preferential issue plan

In past three weeks, Axis Bank outperformed the market by gaining 26% against 2.5% rise in the S&P BSE Sensex

Axis Bank to raise Rs 11,625 cr via issue of equity shares, warrants

Private lender Axis Bank's board of directors on Friday agreed to the raising of Rs 11,625 crore through the issue of preferential equity shares and convertible warrants

Axis Bank hits 52-week high on fund raising plans

The stock hit a 52-week high of Rs 550, up 4% on the BSE after Axis Bank said its board will meet on Friday, 10th November 2017 to consider fund raising plans.

Axis Bank board to meet on Nov 10, decide on raising equity

The board of Axis Bank will meet on November 10 to consider a proposal to raise equity capital by issuing securities

Axis Bank up 5% on talks of Bain Capital eyeing stake

The stock was up 5% to Rs 508 on the BSE on back of heavy volumes.

Axis Bank Foundation to support 'Heritage Walks' project

The theme-based walks are spiced with stories and information of the sites, chats with locals and sampling of the local produce

Axis Bank to waive 12 EMIs on regular home loan repayment

The lender has introduced Shubh Aarambh Home Loans, in which 12 EMIs are waived