Axis Bank

Why did the Cookie crumble ?

Posted on May 04th, 2011 in Axis Bank, fighting poverty, Financial Inclusion, Grameen Foundation, HDFC Bank, India Shares, Microfinance, Microfinance analysis, Microfinance Articles, Microfinance NGO, Microfinance Profits, SKS Microfinance, Suresh Gurumani, Vikram Akula

cookie crumbleBy Tensing Rodrigues It is a mistake to look at SKS Microfinance imbroglio as the manifestation of all that is wrong in the contemporary microfinance space in India; though it is natural to do so, given the fact that it is with SKS that the microfinance cookie began to crumble. Many would even say : [...]
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KRChoksey recommends Axis Bank

Posted on January 18th, 2011 in Axis Bank, Banking Sector, India, India Shares, Stock Markets

KRChoksey recommends Axis Bank

KRChoksey has recommended a buy rating on Axis Bank with an target price of Rs 1601 on January 17 and further he is bullish on Axis Bank as per the 2011 research report.

Axis Bank has reported an outstanding set of figures with net profit moving up by 36% on a yearly basis at Rs 891 crore which is greater than then market prospect.

Greater than anticipated NII development and delta in trading increase were major grounds for the discrepancy. NII developed by 28% on a yearly basis and 7% on a quarterly basis geared up by strong loan development and chronological margin development.

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Axis Bank to cover 12,000 villages under it’s financial inclusion plan

Posted on July 25th, 2010 in Axis Bank, Financial Inclusion, financial inclusion in india, Financial Services India, India Shares, Mobile Banking, no frills accounts, Reserve Bank of India, Rural Bank Branches

axis bank financial inclusionAxis Bank, India’s third-largest private bank has begun implementing it’s rural expansion plans and intends to cover 5,500 villages for financial inclusion by March 2011 and scale it up to 12,000 villages in five years’ time. The bank has kick-started its financial inclusion initiative in villages located near Nashik in the state of Maharashtra and [...]

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Axis Bank Announces to Buy 4% in Max Insurance

Posted on March 31st, 2010 in Axis Bank, Banking Sector, Company Updates, India Shares, Max New York Life Insurance

Max India Ltd. today announced that its board has given its approval to sell around 4% stake in Max New York Life Insurance to private lender Axis Bank.

“Board of Directors of the company approved in-principle, the proposal of Max New York Life Insurance Company MNYL)… to issue equity shares of approx 4% of MNYL to Axis Bank, the terms of which are currently under finalization”, Max India informed the Bombay Stock Exchange.

Max New York Life Insurance Co. is a 74:26 joint venture initiated by Max India and New York Life International LLC.

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