by AIP Online Bureau | Dec 21, 2022 | Banking & Bancassurance, Indian News, Pension & Social Security
The third largest private sector lender received a commencement of business certificate from the Pension Fund Regulatory and Development Authority (PFRDA) on September 20, and the AUM has been managed in the first 45 days of the business, as per a company statement...
by AIP Online Bureau | Oct 20, 2022 | Banking & Bancassurance, Indian News, Life
The statement comes against the backdrop of two orders by the insurance sector watchdog Irdai in the last few days, wherein Max has been fined Rs 3 crore while a penalty of Rs 2 crore has been imposed on the bank regarding the deal on concerns over valuations Mumbai:...
by AIP Online Bureau | Sep 27, 2022 | Banking & Bancassurance, Indian News, Life
Axis Bank’s stake purchase would value the startup’s upcoming life insurance business at $90 million. Axis currently offers some insurance products in partnership with Max Financial Mumbai: Indian private lender Axis Bank Ltd said on Tuesday it has signed...
by AIP Online Bureau | Aug 30, 2022 | Banking & Bancassurance, Indian News, Life
Axis is planning to take a 10% stake for around $9 million in the start-up’s upcoming life insurance business, effectively valuing the business at $90 million, said the two sources, who declined to be named as the talks were private. Mumbai: Axis Bank, the...
by AIP Online Bureau | Aug 28, 2022 | Banking & Bancassurance, Indian News, Life
”The bank currently holds about 13 per cent and we are hopeful that over the next 2-3 quarters they would be able to take it to 20 per cent,” Tripathy New Delhi: Axis Bank is likely to raise its stake in Max Life Insurance to about 20 per cent over the...
