Beyond The Time News

Axis Bank Misses Profit Estimates as Trading Income Falls, Approves $2.1 Billion Fundraise

India’s Axis Bank reported weaker-than-expected quarterly earnings after a sharp drop in trading income, even as it approved a major capital-raising plan worth about $2.12 billion. According to Beyond Time News, the bank’s board cleared a fundraising proposal of up to 200 billion rupees through equity shares or similar instruments, pending regulatory approval. Profit Declines…