Axis Bank hikes stake in Axis Max Life Insurance to 19.9%

Axis Bank has boosted its stake in Axis Max Life Insurance. The bank and its subsidiaries now hold 19.99 percent of the insurer. This move follows an investment of up to Rs 380 crore. The Reserve Bank of India granted approval for this investment. Axis Max Life Insurance reported a gross written premium of Rs 38,877 crore for FY26.

Raccontata dam.economictimes.com