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Private banks end FY24 on a strong note; focus remains on margins, profitability in FY25

Private banks closed FY24 on a strong note with healthy Q4 earnings across the board led by strong loan growth

The benchmark indexes are set to open marginally lower on Thursday, after gaining for four sessions in a row, with

Axis Bank is seen posting a net profit of over ₹5,500-6,000 crore in Q4 FY24 as against a net loss

Shares of Axis Bank have more than doubled since Bain Capital first purchased its stake, but are down 2.4% so

Private equity firm Bain Capital will offload its remaining 1.08 per cent stake (33.37 million shares) in private sector

Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well

A national tumour biobank and cancer teleconsultation network are among the projects that will be supported by a ₹100 crore

As the extended deadline comes to an end for Paytm Payments Bank, YES Bank and Axis Bank have gone

Paytm will now partner with other banks (like Axis, HDFC, SBI, YES Bank) to process UPI transactions. Photo: Reuters