Jairam Sridharan, CFO of Axis Bank in an interview to CNBC-TV18 said, “There is no truth to the rumours of resignation of top personnel”.
Sidharth Rath, President and Head Treasury-Transaction Banking at Axis Bank says the bank will invest around Rs 25 crore capital to set up the trading system.
Axis Bank on Monday signed a USD 200-million, seven-year bilateral loan agreement with the Asian Development Bank.
The bank cut the base lending rate "as the cost of fund has eased due to softening of interest rates based on improving liquidity and other macroeconomic developments," Sidharth Rath, the bank's president of treasury, business banking and capital markets, said in a statement, without elaborating.
Market expectations from Federal Reserve‘s meeting, which ends tonight is also one key reason for rupee's slide