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On 30 July 2007, UTI Bank changed its name to Axis Bank. [16] In 2009, Shikha Sharma was appointed as the MD and CEO of Axis Bank. [17] In 2013, Axis Bank's subsidiary, Axis Bank UK commenced banking operations. [18] In March 2014, the Indian government sold a 9% stake, out of its total 20.7% stake in Axis Bank. [19]
Financial analysts in the investment banking departments of securities or banking firms often work in teams, analyzing the future prospects of companies, and selling shares to the public for the first time via an initial public offering (IPO), or issuing bonds; this task is often identical to that of a securities analyst.
Prior to HDFC Life, Chaudhry was the MD and CEO of Infosys BPO and the Head of testing unit of Infosys Technologies Ltd. [3] Chaudhry began his career with Bank of America in 1987 and undertook diverse roles such as Head of Technology Investment Banking for Asia, Regional Finance Head for Wholesale Banking and Global Markets, and Chief Finance Officer of Bank of America (India). [2]
Investment banking has also been criticized for its opacity. [51] However, the lack of transparency inherent to the investment banking industry is largely due to the necessity to abide by the non-disclosure agreement (NDA) signed with the client. The accidental leak of confidential client data can cause a bank to incur significant monetary losses.
Drexel Burnham Lambert was the investment bank most responsible for the boom in private equity during the 1980s due to its leadership in the issuance of high-yield debt. The firm was first rocked by scandal on May 12, 1986, when Dennis Levine, a Drexel managing director and investment banker, was charged with insider trading.
In summer, the average maximum temperature is approximately 25 °C (77 °F), however, temperatures occasionally reach 35 to 40 °C (95 to 104 °F) in mid-summer in downtown. Although average humidity during summer is relatively low, most of the annual precipitation occurs during summer, causing infrequent yet heavy storms.
Axis Direct provides a 3-in-1 Online Investment Account [2] which is a combination of Axis Bank Savings along with an Axis Direct trading and Demat account services: Equities – Invest online in stocks of listed companies; Mutual Funds – Invest in mutual funds including equity, hybrid, tax saving or debt schemes from asset management companies
The expansion aimed to reduce transit times from 18 to 11 hours and significantly cut waiting periods for ships. The project, costing about $8 billion [61], was financed exclusively through domestic investment, with Egyptians contributing via bank certificates of deposit yielding 12%, later raised to 15.5%. [62]