Axis Bank will form JV with Banque Privee

As per the latest reports Axis Bank likely to form asset management company with 50:50 Joint Venture with Geneva based Banquee Privee Edmond de Rothschild Europe to offer wealth management and private banking. Axis bank share price may witness upward momentum on Tuesdays trading. Axis Bank share price closed on Monday at Rs.662, and the share price gained Rs.109.70 in a single day. Axis Bank announced better than expected Q 2 results. Net interest income rose by 55% at Rs.913 cr. (thebullishtrends)