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Axis Bank Shares Rise Despite Profit Drop

By BPN News Desk October 16, 2025
Axis Bank
Business Finance
Axis Bank reported a 26 % year-on-year drop in net profit for Q2 FY26, down to ₹5,090 crore. The decline was driven by a sharp rise in provisions, including a one-time ₹1,231 crore standard asset provision linked to discontinued crop loans. Core performance shows resilience Despite the earnings
Axis Bank
Business Finance

Former Axis MF Manager Arrested in ₹200 Crore Scam

By BPN News Desk August 3, 2025
The Enforcement Directorate (ED) has arrested Viresh Gangaram Joshi, the former chief trader and fund manager at Axis Mutual Fund, on charges of front‑running and money laundering. He has been remanded in ED custody until August 8, 2025 by a court under the Prevention of Money Laundering Act (PMLA). Alleged Scam Involves Investor Losses According […]

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