Hemant Kaul, the executive director who spearheaded Axis Bank’s retail initiatives for the past five years, has put in his papers. He will take over as the CEO of Bajaj Allianz General Insurance.

Axis Asset Management Co, the fund arm of India's private-sector lender Axis Bank, has regulatory approval to start operations and expects to launch first set of products in October.

The declining inflation will touch zero per cent by the end of this month on account of cut in excise duty, strong base effect and easing of jet fuel prices, according to Axis Bank."WPI (whole price index) inflation will touch zero per cent by March end 2009, on the back of 2 per cent excise duty cut, a 7 per cent cut in ATF prices and a strong base effect," Azis Bank said in a note.
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