Axis Bank acquires Citibank’s Indian retail consumer business for $1.6 billion

Stock price rises: Axis Bank acquires Citibank's Indian retail consumer business for $1.6 billion

The share price of Axis Bank has increased almost by 6.19% to Rs 761.39 in the last one week. Citigroup Inc. on Wednesday, March 30, 2022, said it has entered into an agreement to sell its Indian consumer banking business to Axis Bank Ltd. Axis Bank is about to acquire Citibank’s Indian retail consumer business … Read more

Axis Bank share price rises 5%, strong FY 22 Quarter 3 results

Axis Bank share price rises 5%

Today the share price of Axis Bank, one of the leading private banks of India is trading up almost 5%. Axis Bank declared its FY 22 Quarter 3 results yesterday and the company’s net profit has increased by 224% on YOY (year-on-year) basis. The net interest income of the company also increased by 17%. In … Read more