Axis Bank will inject Rs 1,500 crore into its subsidiary, Axis Finance, by March 2027. This capital infusion will be through a rights issue. The bank had previously considered selling a stake in Axis Finance but shelved the plan. This decision follows revised RBI guidelines allowing group entities to operate in similar businesses.
Calcutta Stock Exchange seeks to put exit application on hold
The Calcutta Stock Exchange requested Sebi to withhold its exit application. This action follows the West Bengal government’s support for reviving the exchange. The exchange