This case study on the deal between Axis Bank (a private sector bank) and Enam Securities (a division of an investment bank) enables the participants / readers. The board of Axis Bank has approved the merger of the financial services business of Enam Securities Private Ltd (Enam) with itself by. 5 REASONS FOR MARRIAGE: BANK AXIS ENAM SECURITITIES for other deals in future– Insurance company or their division can be merged with banks.
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It is a month trade and I do see earnings growth coming back.
The board of directors of the bank have written to the RBI saying that Sharma has requested them to reduce her 4th term to Dectriggering a hunt for her successor. Manish Chokhani, Director, Enam Holdings, says bond markets don’t suggest an end of low rate regime. While the first one is being questioned over allegations of quid pro quo in extending a loan, the second one’s fourth term as CEO has invited RBI’s attention.
Recently it was reported that Sharma was headed to the Tata Group to head its financial services business which was later vehemently denied by the bank. Axis Capital, which did not figure even among the top 10 in the equities market ranking before the buy, topped the table for the previous fiscal.
ICICI Bank and Axis may have fallen on bad times, but the two powerful women of Indian banking built and ran institutions that many could only envy. As NBFCs grow, they will have their own funding issues and the banks are not growing their asset book but as the economy turns around, it is going to be much easier for the banks to capture some of the market.
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Major exits banking sector saw in ICICI Bank CEO Chanda Kochhar bid goodbye in October to the bank, her second home for three decades, following a probe that did not end quickly enough, so that she could have continued.
Axis Bank to acquire Enam units – Livemint
Axis Bank’s deputy managing director V Srinivasan to quit in December Srinivasan has been at the bank for nine years and has served the last All News Videos Photos. Sridhar Sivaram, Enam Holdings 4 Jul, Shikha Sharma seeks shorter term at Axis Bank 10 Apr, Axis Bank board is doing an orderly succession planning: Shikha Sharma 28 Jul, Axis Mfrger set to use solutions from its accelerator project 22 Jul, Markets grappling with excess liquidity: Two bank bosses in the eye of the storm 3 Apr, Is Enam Securities buy paying off for Axis bank, at last?
What does the future hold for Chanda Kochhar and Shikha Sharma, and the banks they lead 15 Apr, Bet on private banks and not on NBFCs: Sridhar Sivaram, Enam Holdings 22 Aug, Sridhar Sivaram, Enam Holdings 7 Nov, ,