
Max Financial Services shares hit 52-week high; surge 56% in 4 months
The share price of the life insurance company gained as much as 6.3% to touch a new 52-week high of ₹937.50 in early trade today.
The share price of the life insurance company gained as much as 6.3% to touch a new 52-week high of ₹937.50 in early trade today.
After the proposed transaction, Max Financial Services, which is the holding company of Max Life, will have an 80.98% stake in the insurance firm.
Heavy concentration of retail loans is adding risk to bank books. It's time to move with caution.
Axis is riding the technology wave, transforming the banking experience for its customers.
U.S. based private investment firm Bain Capital is likely to sell its stake worth $267 million at a floor price range of ₹966-₹977.70 per share via block deal.
IndusInd Bank topped the losers' chart, followed by Bank of Baroda, Axis Bank, HDFC Bank, ICICI Bank, Federal Bank, and Kotak Bank, among others.
The private lender’s Q4 profit was impacted by ₹12,490 crore payout towards the Citi acquisition.
The bank posted a profit of ₹4,117.77 crore in the same period last year. In the December quarter of FY23, the bank’s profit stood at ₹5,583.07 crore.
The homegrown bank has completed the acquisition of Citibank’s India consumer and non-banking finance businesses for ₹12,325 crore.
Axis Bank has reported a 62% YoY rise in its net profit at ₹5,853 crore in Q3 FY23, aided by improvement in operating metrics and asset quality.