Axis Bank to raise ₹18,000 crore
Axis Bank is one of the worst-affected private sector lenders after the RBI's asset quality review, which led to a huge increase in bad loans over the past three years.The bank's provisioning for bad loans reduced to ₹2,711 crore in the fourth quarter of 201…:
New Delhi: Private sector lender Axis Bank on Saturday said its board has approved raising up to 18,000 crore through an issue of equity shares, depository receipts or convertible securities.
The Board of Directors of the bank approved the proposal in this r...
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