Tag: Axis Bank

Axis Bank approves reappointment of Amitabh Chaudhry as CEO for three years
Feature, National News

Axis Bank approves reappointment of Amitabh Chaudhry as CEO for three years

New Delhi, April 26, 2024. Axis Bank on Thursday said its board has approved reappointment of Amitabh Chaudhry as MD & CEO for three years with effect from January 1, 2025. This will be his second extension of three years. His last extension came into effect from January 1, 2022. Chaudhry joined the bank as MD&CEO in 2019. Prior to that he was MD & CEO of HDFC Life. The reappointment is subject to approval of the Reserve Bank of India and shareholders, Axis Bank said in a regulatory filing.
Axis Bank overtakes Kotak Mahindra Bank, becomes 4th largest lender by market cap
Business News, Feature, National News

Axis Bank overtakes Kotak Mahindra Bank, becomes 4th largest lender by market cap

Jaipur, April 25, 2024. Axis Bank on Thursday surpassed Kotak Mahindra Bank to become the fourth-largest banking stock on Dalal Street. Axis Bank's shares rose by 4% due to better-than-expected Q4 results, while Kotak's shares dropped by 10% following an RBI ban on digital customer sourcing and new credit card issuance. As a result, Kotak's market value fell to Rs 3.3 lakh crore, while Axis Bank's rose to Rs 3.4 lakh crore. 
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