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BFSI ODISHA(A group of all odias working in BFSI sector worldwide)

Axis Bank to continue with pre-Covid provisions

In the last 12 months, Axis Bank NSE 0.15 % has raised Rs 22,500 crore of equity. It has used Rs 6,898 crore to make excess provisions for the Covid crisis. In an interview with TOI, MD & CEO Amitabh Chaudhry speaks of how this enables the bank to take on pandemic risks and even grow its business this year. Excerpts:

HDFC Bank faces probe by US-based law firm

According to the law firms, HDFC Bank reported its financial results for the three months ended 30 June, missing analysts’ earnings estimates and reporting a deterioration in its asset quality.Two US-based law firms have announced independent investigations to build securities-fraud class-action lawsuits against HDFC Bank Ltd. The investigations by Rosen Law Firm and Schall Law Firm follow allegations that India’s largest private sector lender may have issued materially misleading business information to its investors.

About Us

Address

N1-14, N1, Block N1, IRC Village, Nayapalli, Bhubaneswar, Odisha 751003

 

Who Are We?

We are a apolitical , non profit making, non-religious society dedicated to social service , keeping the development of Odisha in perspective. We strive to organize and undertake activities to promote the social , economic and educational advancement of Odisha and its people including natives and people of Odisha origin or associated with Odisha residing in India and abroad.

Governing Body

It consists of five (or more as decided by GB) eminent personalities and two from Governing Body i.e. President and Secretary. The members of the Advisory Board are selected in the Governing Body Meeting from time to time. It will render advice to the Governing Body and the Members Council whenever necessary. The duration of the Advisory Board is one year. It may be modified within one year if Governing Body will require so.