Oriental Insurance categorised as public shareholder in Axis Bank

Axis Bank has announced the approval to reclassify Oriental Insurance Company Ltd (OICL) from promoter category to public category shareholder in the bank. In October, applications were made to BSE and NSE for reclassification of The New Oriental Insurance Co to the public category from the promoter category.

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At present, OICL holds a 0.16 per cent stake in Axis Bank. Currently, BSE & NSE gave approval for the reclassification of New Oriental Insurance Company to the public category from the promoter category.

Important takeaways for all competitive exams: 

• Axis Bank Founded: 3 December 1993;
• Axis Bank Headquarters: Mumbai;
• Axis Bank MD & CEO: Amitabh Chaudhary;
• Axis Bank Chairperson: Rakesh Makhija;
• Axis Bank Tagline: Badhti Ka Naam Zindagi.

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