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Axis Bank will infuse Rs 1,612 crore in Max Life Insurance through preferential allotment, which will result in the private sector lender’s direct stake in the life insurer increasing to 16.22 per cent and the collective stake of Axis Entities increasing to 19.02 per cent. This infusion will help Max Life support its future growth ambitions, augment its capital position, and improve solvency margins. Currently, Axis Entities holds a 12.99 per cent stake in Max Life and Max Financial Services holds 87 per cent. After the transaction, Max Financial’s stake in the life insurance company will come down to 80.98 per cent.
Cisco has signed an agreement with the Karnataka government to train 40,000 people in cybersecurity skills and awareness. According to the memorandum of...
Which of the following ministry recently launched the Citizen Perception Survey-2022?
Which new category has been introduced under the Pradhan Mantri Mudra Yojana to cover loans between ₹10 lakh and ₹20 lakh?
Consider the following statements with reference to Central Bank Digital Currency (CBDC):
I. The digital fiat currency or CBDC can be transact...
In a securitization, the issuer of asset-backed securities is best describes as the:
Which of the following is not true regarding CGTMSE Scheme?
I. Fund and non-...
Which currency did Zimbabwe launch and is backed by gold reserves to address economic instability?
What is the basic objective behind setting up NACH ?
"Consider the following statement regarding a Scheme SMILE - Support for Marginalized Individuals for Livelihood and Enterprise -"
I. It is launc...
What percentage of global GDP is contributed by MSMEs, as per the United Nations?