Axis Bank De­nies Merger Plan; Bank Shares up on Deal Buzz

The Economic Times - - Front Page -

Shares of Axis Bank rose up to 5% on Tues­day after a TV chan­nel re­ported that ICICI Bank, HDFC Bank, In­dusInd Bank and Ko­tak Mahin­dra Bank have ap­proached the gov­ern­ment with an in­for­mal merger pro­posal with the pri­vate lender. The bank called the re­port base­less.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.