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Axis Bank is reportedly in talks with Bain Capital to raise ₹6500 Crores ($1 Billion) in equity funding.
Axis Bank has extended Flipkart's working capital credit line to Rs 375 crore, giving a major relief to the company during festive season.
To ensure that employees don't quit the company after the acquisition by Axis Bank, FreeCharge employees will be given a six month retention bonus.
Axis Bank has confirmed that it is acquiring FreeCharge for ₹385 crore. The deal is expected to close by the end of September with regulatory approvals.
Snapdeal board has reportedly approved Axis Bank's offer to acquire FreeCharge, for ₹385-390 crore. Official announcement is expected to take place by the end of this week.
GMR Goa International Airports have borrowed ₹1330 crore as loan from Axis Bank in order to develop greenfield project at Mopa in North Goa.
According to confirmed sources, Axis Bank is conducting due diligence to acquire Freecharge for around ₹200 crores.
Axis Bank has launched super bike loan. Under this loan, the bank will fund bikes with an engine displacement of over 500 cc with 95% of the cost.
India's third largest private sector bank, Axis bank is planning to raise ₹35000 crores in next one year to support its expansion globally.
Axis bank has reduced interest rate for home loans to 8.35% from 8.65%. HDFC, ICICI and State Bank of India have already reduced their interest rates.
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