Axis Bank weighs raising stake in its insurance venture to 30%

Axis Bank is evaluating raising its stake in Axis Max Life Insurance from about 19.99 percent to 30 percent, which could cost roughly Rs 3,900 crore based on the last round's valuation. The move is now feasible under the RBI's December 2025 master directions that set out a tiered framework for bank ownership in insurance companies. Max Financial Services currently holds 80.01 percent in the unlisted life insurer, which reported a Rs 54 crore net profit in FY26 and manages Rs 1.75 lakh crore in assets.