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Expansion▲ Bullish for Axis Bank
Axis Bank plans to double its ₹8,688 crore data-centre lending exposure
The brief
- Axis Bank's current data-centre exposure is ₹8,688 crore
- AI demand is prompting the bank to expand lending to data centres
- More data-centre lending may support Axis Bank’s credit growth, while increasing exposure to infrastructure financing
- Apple Pay enters India with Axis Bank, targeting card usage and broader partnerships
- Apple Pay launches in India with Axis Bank as first card partner
- Bank strike: Will ICICI Bank, HDFC Bank, Axis Bank and IndusInd Bank remain open?
- Stock markets bounce back on value buying; Sensex rises 315 points
- Nifty holds 23,000, Sensex up 44 pts; Axis Bank, Asian Paints gain as IT, Pharma drag