Axis Bank to pick up 6% more in Max Life Insurance for Rs. 1,612 crore
Axis Bank is looking to buy 6 per cent more stake in JV Max Life Insurance for Rs. 1,612 crore Read more
Axis Bank
After Max Life, IRDAI fines Axis Bank Rs. 2 crore
After penalising Max Life Rs 3 crore for its deal with Axis Bank, the IRDAI has imposed a Rs 2-crore Read more
NICL asks Axis Bank to reclassify as public shareholder
Axis Bank has recently said that one of its promoters, National Insurance Company Ltd (NICL), has asked it to classify Read more
RBI refuses to consider Axis Bank-Max Life Insurance deal in current form, seeks restructuring
Reserve Bank of India has refused to consider the direct acquisition of a 17 percent stake in Max Life Read more
Axis Bank ends an exclusive bancassurance partnership with Max Life Insurance
Axis Bank has ended an exclusive bancassurance partnership with Max Life Insurance by entering into a similar arrangement with LIC. Read more
LIC wants Axis bank to sell its life products
LIC owns about 15% in Axis Bank, but now it’s pushing Axis bank to sell insurance policies through its more Read more
Bank, insurance services paralysed
Public-sector banks and many government offices were shut recently on the second day of a general strike called by 11 trade unions pressing their demands and to protest against the ‘government’s pro-market reforms’. Read more
Axis Bank to raise Rs 6,000 crore from qualified institutional players recently
Axis Bank is all set to raise around Rs 6,000 crore through private placement of its equity shares to qualified institutional players (QIPs). Read more
Life Insurance Corporation of India to invest Rs 2,40,000 cr in FY13, 15% of it in equities
Life Insurance Corporation of India (LIC) has invested up to Rs 8,000 crore in equities in the last six months. The public sector behemoth has an investment target of Rs 2.4 lakh crore for the present year, of which 10-15 per cent will be invested in equities.
Speaking to the media on the sidelines of a Ficci seminar on capital markets, DK Mehrotra, CMD, LIC said, “Our investment target is Rs 2,40,000 crore for FY13, of which 10-15 per cent will be in the equity market. We have so far made investments of around Rs 75,000 crore, of which Rs 7,000-8,000 crore is in equities.†Read more
Axis Bank partners with Tata AIG to offer General Insurance policies to its customers
Axis Bank, India’s third largest private bank today announced the signing of a strategic agreement with Tata AIG General Insurance as its Corporate Agent for General Insurance. Read more