Axis Bank Increases Branch Count Amid Staff Reduction Due to Tech Improvements
Axis Bank expanded its network by opening 400 new branches in fiscal year 2026, despite a 3% drop in its overall employee numbers compared to the previous year. This development reflects an evolving approach to growth in the banking sector, where physical presence grows alongside streamlined operations. According to CEO Amitabh Chaudhry during the earnings discussion, advancements in technology have boosted efficiency for both staff and branches. The bank also reported enhancements in its operational performance over the period. This shift is significant because physical locations continue to play a key role in attracting customers, facilitating loans, and handling deposits,...
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Foreign institutional investors reduced their stake in the leading fast-moving consumer goods firm ITC from 39.87% in March 2025 to 34.83% in March 2026, reflecting a decrease exceeding 500 basis points over the year, with cuts occurring every quarter. The shares have fallen almost 30% during the last 12 months, rendering it among the more
Indian Prime Minister Narendra Modi has commented on an assassination attempt targeting U.S. President Donald Trump, which took place on Saturday evening at the Washington Hilton in the United States. Modi used the social media platform X to voice his support for the American leader and to denounce acts of violence within democratic systems. ‘I
In a Birmingham college, groups of young trainees wearing safety vests and helmets practice constructing small walls and applying plaster to incomplete spaces. Some maneuver wheelbarrows through piles of bricks, while others verify wall alignment using leveling tools. Soon, these structures will be dismantled for incoming students to practice. These individuals represent the emerging workforce
IDFC First Bank’s net profit for the fourth quarter rose to Rs 319 crore, compared to Rs 304 crore in the same period last year. Provisions decreased to Rs 869 crore from Rs 1,451 crore previously. The net interest margin rose to 5.95% from 5.76% in the prior quarter and 5.93% a year earlier. Operating
New Delhi: The Reserve Bank of India (RBI) has revoked the operating license of Paytm Payments Bank Limited (PPBL) effective immediately, raising questions among customers about the Paytm application’s performance and related offerings. Below is an explanation of the implications for Paytm UPI users. One 97 Communications, Paytm’s parent firm, issued a clarification separating itself
| Index / Asset | Price | Day Chg | 52W High | 52W Low |
|---|---|---|---|---|
| SENSEX | 75398.72 | +789.74 (+1.06%) | 86159.02 | 71545.81 |
| NIFTY 50 | 23689.6 | +277 (+1.18%) | 26373.2 | 22182.55 |
| NIFTY BANK | 54128.95 | +672.8 (+1.26%) | 61764.85 | 49954.85 |
| USD/INR | 95.75 | +0.13 (+0.14%) | 95.96 | 82.1 |
| Gold (10g MCX) | ₹1,51,852 | +514 (-0.34%) | ₹2,02,797 | ₹1,24,218 |
| Brent Crude | $105.22 | -0.41(-0.39%) | $126.1 | $58.72 |

