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AXBKY Axis Bank Limited (PK)

0.00
0.00 (0.00%)
14 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Axis Bank Limited (PK) USOTC:AXBKY OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.71 70.35 0.00 21:00:01

Axis Bank to Close U.K. Subsidiary

03/07/2020 5:07am

Dow Jones News


Axis Bank (PK) (USOTC:AXBKY)
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From May 2019 to May 2024

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   By Kosaku Narioka 
 

Axis Bank Ltd. plans to close its U.K. subsidiary and surrender its banking license in the country by end-April 2021, as part of the review of its international strategy, it said late Thursday.

The Indian lender said it would ensure transparency and fairness in dealing with all the employees and customers of the subsidiary, Axis Bank UK Ltd., throughout the process of winding down.

The closure wouldn't have any material impact on the bank's financial position, it said.

 

Write to Kosaku Narioka at kosaku.narioka@wsj.com

 

(END) Dow Jones Newswires

July 02, 2020 23:52 ET (03:52 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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