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In an all-cash deal,Axis Bank to acquire 29% of Max Life Insurance

Apr 28, 2020

 Deal marks coming together of 3rd largest private bank and 4th largest private life insurer
 Strategic transaction to strengthen the franchise and bring long term orientation to the
relationship
 Axis Bank to own 30% stake in Max Life post transaction closure
 Max Life to include Axis Bank logo in its brand tag line to demonstrate the close knit partnership

RBI announces Rs 50,000 cr special liquidity facility for mutual funds

Apr 27, 2020

In a statement, the central bank said heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom.

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