Stocks To Watch: Axis Bank, Bharti Infratel, Cipla, Reliance, LIC Housing

Gold Silver Reports (GSR) – Stocks To Watch: Axis Bank, Bharti Infratel, Cipla, Reliance, LIC Housing – The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.5 percent to 10,554 as of 7:20 a.m. Asian stocks had a mixed start Monday, with investors continuing to assess the outlook for trade discussions and geopolitical tensions. Equity benchmarks rose in Sydney, while those in Tokyo and Seoul were little changed.

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Kotak’s Best Chance To Merge Axis Bank: Nomura

Kotak’s Best Chance To Merge Axis Bank

Axis Bank CEO’s request to revise down her term to Dec-18 (earlier Jun-21) has been accepted by the board. Our assessment suggests that Axis Bank will have to look for an external CEO, said Nomura in a research report.                         

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Axis Bank Rises After CEO Shikha Sharma To Cuts tenure To Seven Months

Axis Bank Rises After CEO Shikha Sharma To Cuts tenure To Seven Months 

Shares of the country’s third largest private lender rose as much as 3 percent to Rs 534.85 after its managing director and CEO Shikha Sharma wanted her new term to be reduced to seven months from three-year tenure that has been approved by the bank’s board.                                  

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Axis Bank Stock

Axis Bank’s Shikha Sharma Wants New Term Cut Short

Gold Silver Reports (GSR) – Axis Bank’s Shikha Sharma Wants New Term Cut Short – Sharma has asked the board to reconsider the term of her reappointment, a statement to the exchanges said. The bank’s board has accepted her request, subject to the approval of the RBI, the statement added.    

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RBI Gold News

RBI delaying year-end bonuses to the heads of top private banks — HDFC, ICICI and Axis Bank

Gold Silver Reports (GSR) – RBI delaying year-end bonuses to the heads of top private banks — HDFC, ICICI and Axis Bank — Chief executive officers at HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd. —the nation’s largest private lenders by assets — are among bankers yet to receive bonuses for the financial year ended 31 March 2017, as the Reserve Bank of India hasn’t signed off on the proposed payments, the people said, asking not to be identified as the information is private. They declined to give further details. Business Standard newspaper had previously reported the delays.                               

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Axis Bank Falls After RBI Asks Board To Reconsider Fourth Three-Year Term

Gold Silver Reports (GSR) – Axis Bank Falls After RBI Asks Board To Reconsider Fourth Three-Year Term — Shares of the country’s third largest private sector lender fell as much as 3.6 percent to Rs 492.20 after the Reserve Bank of India asked its board to reconsider fourth three-year term it handed to CEO Shikha Sharma, The Economic Times reported citing people aware of the development.                      

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