Free Press Journal
  • RBI approves Amitabh Chaudhry’s appointment as Axis Bank CEO

    Mumbai: The Reserve Bank of India (RBI) on Monday approved the appointment of Amitabh Chaudhry as the new Managing Director and CEO of Axis Bank for a period of three years, starting January next year.

  • Axis Bank puts Lanco power units on block

    Hyderabad : Axis Bank has put up for sale Lanco Kondapalli Power, which owns and operates 1476 MW gas based power plants as the power producer failed to pay dues. Without mentioning the name of the company Axis Bank called Expression of Interest (EoI) for the sale of three gas-based power projects with a combined capacity of 1476 MW.

  • Fitch cuts Axis Bank outlook, ICICI support ratings

    Mumbai : Global ratings agency Fitch on Friday said ICICI Bank and Axis Bank have “gaps” in their risk control mechanisms and has revised down its outlook on the latter to negative on sour assets worries.

  • Jaypee Infra’s 700-acre land to remain with banks for now

    New Delhi : The National Company Law Appellate Tribunal on Thursday admitted an appeal moved by ICICI Bank, Axis Bank and others challenging an order passed by the Allahabad bench of the National Company Law Tribunal directing Jaiprakash Associates to return over 700 acres of land to its subsidiary Jaypee Infratech.

  • Sensex climbs 256 points as May F&O series begins strong

    Mumbai: Market barometer Sensex rallied over 256 points to end at a near 3-month high of 34,969.70 today as the May derivatives series got off to a strong start. Financial stocks led by Axis Bank, SBI and ICICI Bank hogged the limelight, rising by up to about 9 per cent.

  • BSE Sensex

    Sensex gains 147 pts on firm global cues, Nifty reclaims 10,600

    Mumbai: The benchmark BSE Sensex rose 147 points and Nifty reclaimed 10,600 mark in early trade today on sustained buying by domestic institutional investors amid firm Asian cues. Encouraging earnings by blue-chip company also added to the uptrend. The 30-share index rose 147.25 points, or 0.42 per cent, to 34,598.02. The gauge had gained 35.19 points in the previous session. The NSE Nifty was up 23.90 points, or 0.22 per cent, to 10,608.60.

  • Private banks raise governance concerns

    Controversies at two of India’s top three private banks have raised concerns, not merely about fraud and bad loan, but about the role of the board of independent directors, who are legally responsible for keeping listed companies on the straight and narrow path. Unfortunately, like with every corporate controversy, from the Tatas to Infosys or the failed Satyam Computers, the actions of the board have raised eyebrows all over again.

  • Time right for Kotak to buy Axis Bank: Nomura

    New Delhi : Now is the best chance for Kotak Mahindra Bank to acquire Axis Bank, one of the largest liability and retail franchise, brokerage firm Nomura Financial Advisory Services said in a report on Tuesday.

  • Axis Bank barred from importing bullion this fiscal

    Mumbai : The Reserve Bank of India has dropped Axis Bank, which has been one of the largest importers of bullion, from the list of lenders allowed to ship in gold and silver for the current fiscal year.

  • PNB scam: CBI grills more bank officials

    New Delhi : The CBI has questioned senior officials of the Bank of India, Axis Bank and Allahabad Bank in connection with its probe in the over Rs 13,000 crore PNB scam case involving billionaire diamantaire Nirav Modi and his uncle Mehul Choksi.

  • SFIO grills PNB chief for 5 hours

    Mumbai : Continuing the probe into the Punjab National Bank fraud, sleuths of the Serious Frauds Investigation Office (SFIO) questioned the bank’s Managing Director and CEO Sunil Mehta on Wednesday.

  • ICICI Bank stock dips 3% on SFIO probe

    New Delhi: Shares of ICICI Bank today slumped over 3 per cent in early morning trade as the bank’s senior officials were summoned by the Serious Fraud Investigation Office (SFIO) with regard to the PNB scam.