Source: Reuters (via feed)
India’s Axis Bank said its board approved a plan to infuse 15 billion rupees ($162.28 million) into its consumer lending arm, Axis Finance.
The decision was announced in a statement alongside an image linked on Reuters.
No further details on the use or timing of the funds were provided in the announcement.
BizTrendWire Insight:
Axis Bank’s board approved a capital infusion into Axis Finance. This reflects an internal financial decision by the bank.
Axis Bank’s board approved a capital infusion into Axis Finance. This reflects an internal financial decision by the bank.
