Axis Bank Explores Potential $1 Billion Stake Sale in Axis Finance

Axis Bank Explores Potential $1 Billion Stake Sale in Axis Finance
3 months ago

In a significant move within the financial sector, Axis Bank Ltd. is reportedly considering the divestment of a majority stake in its shadow banking arm, Axis Finance, which could garner around $1 billion. This decision comes as the bank seeks to streamline its operations and enhance its capital position amidst a rapidly evolving financial landscape.

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RBI's Strategic Approach: A Cautious Stance on Rupee Defense, Says Axis Bank CEO

RBI's Strategic Approach: A Cautious Stance on Rupee Defense, Says Axis Bank CEO
4 months ago

In a recent discussion surrounding the Indian rupee and its value compared to the U.S. dollar, Axis Bank's CEO has provided insights into the Reserve Bank of India's (RBI) measured approach to currency defense. As global economic pressures weigh heavily on emerging market currencies, the INR has faced significant volatility, prompting many to speculate how aggressively the RBI would intervene to stem any decline.

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