Axis Bank announced the appointment of Subrat Mohanty as a Whole-time Director on the company’s Board, with effect from May 1, 2023. According to the company’s exchange filing, “This is to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of Axis Bank Limited (“the Bank”) at…
Axis Bank, one of India’s largest private sector banks, has completed the acquisition of Citibank’s consumer business in an accelerated time frame of within 7 months post receipt of CCI approval. The deal has been closed with Axis Bank paying a total purchase consideration (after customary & contractual adjustments) of INR 11,603 Cr* to Citibank…