Axis Bank’s 95% profit growth is lacklustre
The private lender’s profit fell 9% over the previous quarter. Its provisions grew by 40.7% and 14.3% on quarterly and annual basis, respectively.
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PNB’s road to recovery
A year after it was hit by the biggest banking scandal in the country’s history, PNB chief Sunil Mehta is steering the bank towards financial stability.
Lender disagreement can spook Jet revival
A difference of opinion between the lenders can further queer the pitch for revival of the beleaguered airline.
Winds of change at private sector banks
CEOs of key private banks replaced or retiring over FY19-21; markets watching HDFC Bank, IndusInd with bated breath, says Motilal Oswal report.
KKR appoints Shikha Sharma as advisor
The former managing director and chief executive of Axis Bank will assist KKR’s non-banking financial companies on areas of business growth.
Axis Bank Q3 profit surges, asset quality improves
The bank’s profit after tax (PAT) more than doubles, helped by a jump in non-interest income.
Axis Bank net profit rises 83% in Q2
The bank’s fresh NPAs or slippages took a sharp drop, falling 69% year on year to Rs 2,777 crore from Rs 8,936 crore last year.
Big churn at banks leaves search firms troubled
As RBI keeps a hawk’s eye, finding the right candidates for the top jobs will be a challenge.
YES Bank: Rana Kapoor to step down in four months
The RBI has extended YES Bank MD and CEO Rana Kapoor’s term only till January 2019.
HDFC Life appoints Vibha Padalkar as MD and CEO
After Amitabh Chaudhry’s resignation and subsequent appointment as incoming MD and CEO of Axis Bank, Padalkar’s name had emerged as the frontrunner for the top job at HDFC Life.
