Banking Sector

Credit rating reaffirmed after Axis acquires Citibank's India consumer business.

A1+ rating does not follow in the standard categories of ratings that credit rating agencies can issue, under new SEBI requirement.

Markets feel the overhang of SVB failure.

ITC's agri-tech applications will be used for providing financial services to farmers.

Home loan interest rates will start at 8.50% after this reduction.

Sonali Singh appointed as new interim Compliance Officer.

In March of last year, Axis Bank announced an all-cash acquisition of Citibank India's retail business for Rs12,325 crore.

SBI will use the amount for further lending to ESG projects.

Six global banks, including HSBC, JPMorgan, Citibank, and Standard Chartered Bank, have been mandated by HDFC Bank.

The deal will see credit card portfolio of 25 lakh users, deposits of Rs 50,200 crore and wealth management assets worth Rs 1.1 for Axis Bank.