🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Axis, Bandhan, Sammaan Capital tweak A/c practices to rewrite books
Economic Times
·
23d ago
Medial
Axis Bank, Bandhan Bank, and Sammaan Capital have altered their accounting practices, reflecting varied approaches to accounting prudence. Axis and Bandhan adopted more conservative measures, while Sammaan pursued aggressive income booking on securitised loans, boosting its profits. This change allowed Sammaan Capital to report significant gains and a 2.4% rise in quarterly net profit. In contrast, Axis Bank's stricter provisioning affected its earnings, and Bandhan Bank's billing adjustments led to minor increases in stressed loans.
View Source
Related News
Axis Bank won't infuse more capital into NBFC; it will tap market
Economic Times
·
2m ago
Medial
Axis Bank has pledged to the Reserve Bank of India that it will not inject new capital into Axis Finance, its finance company. Instead, Axis Finance plans to raise ₹3,000 crore through an IPO. This move aligns with RBI's guidelines, which discourage banks from overlapping business operations with their subsidiaries. Axis Finance aims to raise market capital without involving Axis Bank, ensuring compliance with regulatory directives while pursuing growth strategies.
View Source
Sebi bars Axis Capital from taking new debt merchant banking assignments
YourStory
·
11m ago
Medial
Markets regulator Sebi has prohibited Axis Capital from taking on new assignments as a merchant banker for debt securities after it provided guarantees for the redemption of non-convertible debentures (NCDs) of Sojo Infotel. Sebi found that Axis Capital had acted beyond its permitted activities as a merchant banker, posing a potential risk to the financial system. The credit rating agencies had rated the NCDs based on Axis Capital's guarantees, which increased concerns over the firm acting similar to a bank. Axis Capital has been given 21 days to respond to Sebi's order.
View Source
Axis PE's Patni on its third fund strategy, choosing PE over VC in equity and more
VCCircle
·
1y ago
Medial
Axis AMC's private equity vertical, Axis PE, has finished deploying capital from its second fund, which has generated a 1.7x DPI (distributed to paid-in capital). The firm has backed several well-known names such as Lenskart, National Stock Exchange, and SBI General Insurance. Axis PE is now focused on its third fund strategy, preferring private equity over venture capital in equity investments.
View Source
Axis Bank raises stake in Max Life Insurance
VCCircle
·
1y ago
Medial
Axis Bank has increased its stake in Max Life Insurance, a subsidiary of Max Financial Services, by acquiring additional equity shares for INR 3.36 billion ($40.32 million). The move raises Axis entities' total holding in Max Life Insurance to 19.99%. Axis entities include Axis Bank, Axis Securities, and Axis Capital. Shares of Axis Bank rose by 2.2% following the news. This is the second increase in stake by Axis entities in Max Life Insurance, with the first being in April 2021.
View Source
Axis PE's Patni on its third fund strategy, choosing PE over VC in equity and more
VCCircle
·
1y ago
Medial
Axis AMC's private equity vertical, Axis PE, has finished deploying capital from its second fund and has generated a 1.7x DPI from its first fund. Ashwin Patni, Head of Products and Alternatives at Axis AMC, discusses the firm's strategy for its third fund and why they prefer private equity over venture capital in equity investments.
View Source
Why Axis Capital CEO foresees strong growth despite leadership overhaul
VCCircle
·
11m ago
Medial
- Axis Capital CEO, Atul Mehra, expects robust revenue growth despite recent leadership changes. - Mehra remains confident in the bank's prospects despite concerns raised by the leadership overhaul. - Axis Capital is a unit of private-sector lender Axis Bank. - The investment bank anticipates strong growth in the current financial year. - Mehra is optimistic about the potential for a boom in equity capital markets and debt capital markets. - The CEO's positive outlook is based on the bank's strength in deal execution and its robust client relationships.
View Source
Microsoft's AI Copilot to add new features next month
Economic Times
·
1y ago
Medial
Microsoft will be introducing new features to its AI assistant Copilot to enhance user prompts and generate better responses. The new features include Auto-complete, which completes prompts if users are unsure how to finish them, and a rewrite feature that transforms basic prompts into more comprehensive ones. Copilot is currently being used by 500 Indian organizations, including Cognizant, Axis Bank, and Zomato. Microsoft's Office Suite applications are reported to offer significant productivity gains, such as reduced time spent on email and improved outcomes in document creation. A recent report co-authored by Microsoft and LinkedIn highlights the increasing importance of AI skills in hiring decisions, with 92% of Indian knowledge workers using AI tools at work.
View Source
IFC, Axis Bank partner on $500 million blue finance loan to boost India’s green projects | Mint
Livemint
·
11m ago
Medial
- International Finance Corporation (IFC) partners with Axis Bank to provide a $500 million loan for green project financing in India. - This collaboration marks the IFC's first-ever blue investment in India and the country's inaugural blue loan issued by a financial institution. - Blue finance focuses on investments in water management, marine ecosystem restoration, sustainable shipping, and renewable energy. - The loan will help Axis Bank expand its climate-focused lending and contribute to the growth of India's water and wastewater treatment market and green building sector. - Axis Bank's partnership with IFC aims to strengthen standards and lending practices to boost sustainable finance in India and address the impacts of climate change. - IFC will also provide Axis Bank with advisory services to expand its green building portfolio and build capacity for impact reporting.
View Source
Bain Capital sells stake worth $448 mln in India's Axis Bank
Reuters
·
1y ago
Medial
Private equity firm Bain Capital has sold a $448 million stake in Indian private lender Axis Bank through a block trade. The stake was offered by Bain affiliates BC Asia Investments VII, BC Asia Investments III, and Integral Investments South Asia IV, amounting to a 1.1% stake in Axis Bank. The selling price was 1% lower than Axis Bank's closing price on Tuesday. Bain has sold several tranches of shares in Axis Bank through block deals since purchasing a stake in 2017. Axis Bank shares have more than doubled since Bain's initial investment.
View Source
Govt starts probe into BYJU'S over alleged fund diversion: Report
Inshorts
·
9m ago
Medial
The government has launched a fresh probe into financing and accounting practices at BYJU'S, Bloomberg reported. The Registrar of Companies' regional office in Hyderabad has been given one year to investigate BYJU'S books to check for possible misreporting of financial statements or fund diversions. An earlier probe found corporate governance lapses at the startup.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
Aug 2025
Jurifly
Build. Comply. Fund. Fly.
FloatFi App
Crypto to INR payments app for Indians
ForkMyCV
Your CV, Done Right.
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/cloudfront-us-east-2.images.arcpublishing.com/reuters/5F2VOYRT6ZJ5HGNFOMO2LNOUTM.jpg)
