Axis entities, including Axis Bank, Axis Capital, and Axis Securities, increase stake in Max Life Insurance to 19.99% from 19.02% with ₹336 crore acquisition, pending regulatory approval; Max Life’s FY24 gross premium income stands at ₹29,529 crore.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,