Axis Bank plans to open 400 branches in FY17
Posted on 17th June 2016 |
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| Axis Bank, India’s largest private sector bank, plans to open 400 new branches in financial year 2016-17. “Of the branches targeted for the year (financial), efforts are on to open 100 in the current quarter of the fiscal,” Sanjay Silas, Axis Bank’s branch banking head, said. The bank would be eyeing the upcoming smart cities as its potential area. Silas said the expansion plan of the bank would be connected to the smart city programme of the ministry of urban development. He added that the bank would conduct a detailed survey to study the feasibility in the proposed smart cities before taking final decision on opening the branch. The study would cover all aspects that include potential for infrastructure, industrial development etc. The bank today rolled out the awareness programme “safe banking in digital era”, starting with Raipur, and planned to further take it across the region. The programme is aimed at creating awareness among the people about preventing emerging technology-based threats. “The campaign would help the customers to carry out transaction in a secured environment across multiple banking platforms,” Silas said. Axis Bank has taken a significant step in this direction by creating awareness through various online and offline platforms and thereby contributing to build a safe banking environment, he added. The bank has also introduced learning modules hosted on YouTube and other social media platforms. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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