Axis Bank Ltd, India’s third biggest private-sector lender, on Tuesday posted a surprise fourth-quarter loss of 13.88 billion rupees ($182.96 million), as it set aside more funds to cover a potential rise in bad loans in a coronavirus-hit economy. Mumbai-based Axis Bank booked provisions of 77.30 billion rupees for the quarter, or nearly three times higher than the year-ago period, including 30 billion rupees towards COVID-19. Separately on Tuesday, Axis Bank said it would buy a 29% stake in insurer Max Life Insurance for about 15.90 billion rupees, giving the lender a seat among rival banks who already have a foothold in the country’s life insurance industry.


2 thought on “AXIS BANK LTD. AXISBANK.BO Stock Price, Quote, History News”
  1. I enjoy you because of each of your effort on this blog. My mother really loves engaging in investigation and it’s really easy to see why. I notice all about the lively means you present invaluable thoughts through the blog and even increase response from people on that point plus our princess is starting to learn a great deal. Take advantage of the rest of the new year. You’re performing a really great job.

  2. I am just commenting to let you understand what a fabulous discovery my girl experienced browsing your web page. She picked up a wide variety of pieces, not to mention what it is like to have an excellent teaching spirit to make other people without hassle know precisely several extremely tough topics. You truly did more than my expected results. Thanks for delivering those necessary, healthy, informative and also unique thoughts on your topic to Sandra.

Leave a Reply

Your email address will not be published. Required fields are marked *