Axis Bank Archives - indiabusinessview

Axis Bank-Enam deal gets RBI nod; Shikha Sharma’s first major win

September 16, 2011August 20, 2014Editor

In the Indian banking scene, regulation can often trip up intermediaries. Axis Bank’s acquisition of Enam’s investment banking business appeared to be stuck in a regulatory quagmire, first announced in November 2010.

Axis Bank results impress; stock rises 4%

January 18, 2011August 20, 2014Editor

Axis Bank, one of India’s largest private sector banks, clocked an impressive 28% growth in net interest income to Rs 3,838 crore for the quarter ended 31 December 2010, compared to the same period last year. Its net profit grew at 36% to Rs 891 crore, on a year-on-year (y-o-y) basis, and 21% over quarter ended 30 September 2010, which is commendable.

Axis Bank investors frown at Enam buy

November 19, 2010August 20, 2014Editor

Axis Bank took the world of finance by surprise, announcing its decision to acquire Enam Securities investment banking and capital market transactions’ business. It will pay about Rs 2,067 crore in stock to Enam’s owners -Vallabh Bhansali, Jagdish Master, Nemish Shah and Manish Chokhani- in a cashless acquisition, structured as a merger.