Earlier in October, the Reserve Bank of India (RBI) did not approve Axis Bank's proposal to raise its stake up to 29 per cent but scaled it down to an aggregate of 19.02 per cent with the subsidiaries of private sector lenders.
Axis Bank on Thursday said it has entered into a confidentiality and exclusivity arrangement to explore the possibility of entering into a long-term strategic partnership with Max Life.
In a statement on Monday, Max Financial Services Ltd, Max India Ltd and Max Life confirmed that the proposed merger with HDFC Life has been called off
Embedded Value of HDFC Life rose to Rs 12,390 crore as on March 31, 2017 as against Rs 10,230 crore. Assets Under Management increased by 24 per cent to Rs 91,740 crore.
The proposed merger will create an insurance behemoth and India’s largest private sector life insurer, second only to state-run Life Insurance Corp. of India
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Chennai: Max Life Insurance and Max Financial Services have signed agreements in partnership with HDFC Standard Life Insurance Company Ltd to create the country's biggest private life insurer. However, neither side have disclosed how much
Mumbai:Private insurer Max Life Insurance today reported three per cent growth in profit after tax (PAT) at Rs 436 crore compared to last year.Max Life Insurance PAT stood at Rs 423 during 2012-13, the company
New Delhi, May 22: Max Life Insurance has reported 17 per cent rise in profit before tax at Rs 860 crore for the year ended March 2013.The company had earned profit before tax of Rs
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