Foreign fund outflow continued on Friday after foreign institutional investors sold almost ₹3,670 crore worth of equities on Thursday, as the banking sector reeled from lacklustre Axis Bank first-quarter earnings
Axis Bank declined nearly 6 per cent after lacklustre June quarter earnings
LIC's shares have soared around 79 per cent year-on-year
Its total income rose to Rs 31,660 crore during the quarter
There are 7 schemes where AMC has changed the fund managers effective May 4
Deal includes sale of consumer business of Citicorp Finance (India) Limited
The bank restructured over Rs 2,700 crore of assets during the December quarter
Q2 corporate earnings encouraging, with fewer negative surprises: Naveen Kulkarni
Banks not reluctant to lend, but there are asset quality issues: Sanjiv Chadha
Max Life to become a 70:30 joint venture between Max Financial and Axis Bank
Move comes within days of a rate cut by RBI earlier this month
Chaudhry will take charge from January 1
Axis Bank did not disclose names of the candidates shortlisted for the post
Shikha Sharma has served as the bank's MD and CEO for around 9 years
The banks's board had earlier approved a three year extension to Sharma
However, the reason remains unclear
Top women bankers summoned by Serious Frauds Investigation Office: Reports
Penalty is imposed for not complying with the Know Your Customer (KYC) regulations
PNB had reported fraudulent transactions worth Rs 11,346 crore
Results 1-19 for Axis Bank