Axis Bank reassessing plan to sell stake in Axis Finance

Axis Bank is re-evaluating its plan to sell a stake in Axis Finance. The bank awaits clarity on the Reserve Bank of India's upcoming circular. Potential investors require regulatory guidance before finalising valuations. Axis Bank committed to the RBI not to infuse additional capital. Axis Finance needs significant capital for its future growth plans. This situation impacts the sector.

from Economic Times https://ift.tt/g9y8cHt