Axis Bank

Axis Bank to sell Rs 2,000-crore Bhushan Steel loan

After Indian Overseas Bank offloaded its debt in Bhushan Steel with a 40 per cent haircut, the country's third-largest private-sector lender Axis Bank has decided to put its Rs 2,000-crore loan exposure to the steel company up for sale in the distressed-assets market. Going by the market trend, the bank may get as much as Rs 1,200 crore.  "Axis Bank […]

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SEBI directs Axis Bank to probe data leak

The Securities and Exchange Board of India (SEBI) has directed Axis Bank to conduct an internal inquiry to ascertain how key financial information was leaked on a WhatsApp group before it was officially announced on the stock exchange platform. ‘First such order’ The directive is significant since it is the first order by the capital markets regulator in the matter […]

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