Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
We are pleased to inform that the Bank has allotted 1,97,950 equity shares of Rs. 2/- each on 17.09.2018, pursuant to exercise of options under its ESOP Scheme. The paid up share capital of the Bank will accordingly increase from Rs. 513,76,81,032 (256,88,40,516 equity shares of Rs. 2/- each) to Rs. 513,80,76,932 (256,90,38,466 equity shares of Rs. 2/- each). You are requested to take the above on record. Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Enclosed, please find the schedule of Analyst / Investor meeting / interactions held at Mumbai and Hong Kong on 12th September 2018, in terms of the captioned subject. The same is being uploaded on the website of the Bank www.axisbank.com You are requested to take note of above and arrange to bring it to the notice of all concerned. Digital Savings Accounts: SBI Vs India Post Payments Bank Vs Axis Bank
Zero Balance Digital Savings Accounts: If you want to open a new bank account within minutes, you may consider opening instant digital accounts with leading banks. Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Enclosed, please find the schedule of Analyst / Investor meeting / interactions held at Hong Kong on 11th September 2018, in terms of the captioned subject. The same is being uploaded on the website of the Bank www.axisbank.com You are requested to take note of above and arrange to bring it to the notice of all concerned. Strong successor taking up the top job could improve Axis Bank fortunes
Execution key to sustain valuations for Axis Bank Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
We are pleased to inform that the Bank has allotted 1,22,050 equity shares of Rs. 2/- each on 10.09.2018, pursuant to exercise of options under its ESOP Scheme. The paid up share capital of the Bank will accordingly increase from Rs. 513,74,36,932 (256,87,18,466 equity shares of Rs. 2/- each) to Rs. 513,76,81,032 (256,88,40,516 equity shares of Rs. 2/- each). You are requested to take the above on record. Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Enclosed, please find the schedule of Analyst / Investor meeting / interactions held at Hong Kong on 10th September 2018, in terms of the captioned subject. The same is being uploaded on the website of the Bank www.axisbank.com You are requested to take note of above and arrange to bring it to the notice of all concerned.
Amitabh Chaudhry approved as Axis Bank CEO, Max Financial also gains on news
Incoming Axis Bank CEO Amitabh Chaudhry received the Reserve Bank of India’s approval to be appointed as the managing director and chief executive officer at Axis Bank. Chaudhry, succeeds the beleagured CEO Shikha Sharma, and will be appointed for a period of three years, effective Jan. 1. Share price for the bank rose on high volumes on the news. Chaudhry, who called the appointment "a privilege and an honour", is taking over after Axis went through a series of weak quarters, including a Rs. 2,189 crore loss in the March quarter. But the bank may now be beginning a turnaround, as it reported profits in June and a lower Gross NPA %. The analyst house Jeffries turned more positive on the stock in light of declining NPAs and lower slippages, but its a number that would need to be watched closely as rising oil prices impact the Indian economy in the coming quarters. Chaudhry comes with a diverse resume, including building HDFC Life. Axis Bank has been a channel partner of Max Financial Services’ insurance products, and MFSL also gained sharply on the news of the CEO appointment. Axis Bank Appoints Amitabh Chaudhry As MD & CEO
Chaudhry will take over from Shikha Sharma after she demits office on December 31, 2018. RBI APPROVAL - APPOINTMENT OF MANAGING DIRECTOR & CEO OF AXIS BANK LIMITED
We wish to inform you that the Board of Directors (the Board) of the Bank at its meeting held today has taken on record the approval granted by the Reserve Bank of India (RBI) to the appointment of Shri Amitabh Chaudhry as the Managing Director & CEO of the Bank, for a period of 3 years, with effect from 1st January 2019 up to 31st December 2021 (both days inclusive) and the terms and conditions relating to the said appointment, including remuneration.