STARTUP/TECHNOLOGY
Cognizant, Axis Bank Go Live With 5-Year AMS 2.0 Programme To Boost IT
Cognizant and Axis Bank have announced the successful implementation and go-live of Cognizant’s Application Management Services (AMS) under the bank’s AMS 2.0 initiative, aimed at strengthening IT operations, governance and automation across critical banking applications. The five-year agreement covers application management services across key business functions, including branch and operations, cards, corporate banking and treasury, […]
CW Bureau
·
Sep 17, 2026
BANKING & FINANCE
Axis Bank Q1 Profit Up 23% To ₹7,114 Cr On Strong Income, Asset Quality
Private sector lender Axis Bank reported a 23% year-on-year increase in net profit to ₹7,114 crore for the first quarter of FY27, driven by healthy growth in core income, improved operating efficiency and stable asset quality. The bank had posted a net profit of ₹5,806 crore in the corresponding quarter of the previous financial year. […]
CW Bureau
·
Jul 18, 2026
BANKING & FINANCE
Axis Max Life Insurance To Raise ₹389 Cr Via Preferential Issue To Axis Bank
Axis Max Life Insurance Ltd (formerly Max Life Insurance Co Ltd), a leading private insurer, has decided to raise ₹389 crore to support its future growth initiatives through a preferential issue of equity shares to Axis Bank. Accordingly, Axis Max Life will issue 2.51 crore equity shares of face value ₹10 each at a premium […]
CW Bureau
·
Apr 3, 2026
