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Bain Capital sells 1 08% stake in Axis Bank for Rs 3,574 crore

Mirae Asset Mutual Fund (MF), ICICI Prudential MF, ICICI Prudential Life Insurance Company, Norges Bank, Morgan Stanley Asia Singapore Pte, Societe Generale, Blackstone, BofA Securities Europe SA were the buyers of Axis Bank shares. Get more Companies News and Business News on Zee Business.

Citi Joins Foreign Banks Scaling Down India Operations Under Global Strategy

Citibank on Wednesday joined the list of foreign banks that have exited retail banking business in India. Mumbai-based Axis Bank completed acquisition of Citigroup s consumer business for Rs 11,603 crore.

Axis Bank third-quarter profit jumps

Net profit rose to 58.53 billion Indian rupees ($719.53 million) in the three months ended Dec. 31 from 36.14 billion rupees a year earlier, Mumbai-based Axis Bank said in an exchange filing.

India s Axis Bank third-quarter profit jumps

Indian private lender Axis Bank Ltd on Monday reported a 61.9% rise in quarterly profit, as strong loan growth boosted interest income.. | January 23, 2023

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