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Latest Articles in axis bank

Axis Bank Slashes Interest Rate, Get 3.5% On Rs 50 Lakh

However, the bank will continue to pay 4 per cent interest on deposits of above Rs 50 lakh

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Axis Bank To Acquire Payments Wallet Freecharge For Rs 385 Crore

Axis Bank's chief financial officer Jairam Sridharan said the acquisition will double the customer base of the bank and leapfrog its digital journey by multiple years

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Axis Bank Posts Smaller-than-expected Fall In Q1 Net Profit

Axis Bank, India's third-biggest private sector lender by assets, reported a smaller-than-expected fall in first-quarter net profit as its bad loan additions slowed

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Axis Bank To Provide Rs 1330 Crore For Mopa Airport Project

GMR Airports Ltd had won the bid to develop & operate the Greenfield airport at Mopa in North Goa last year and the concession agreement was signed on 8 November 2016.

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Axis Bank Follows Suit, Cuts Home Loan Rate By 0.3%

Following the current trend of reducing interest rate on home loan, Axis Bank truncated its current interest rate by 30 basis points (or 0.3 per cent) on Thursday

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Kotak Mahindra Seeks Major Fundraising Amid Deal Speculation

Kotak Mahindra Bank Ltd said on Thursday it planned to sell up to 62 million shares worth as much as Rs 5,320 crore at current market valuations, to fund potential acquisitions in the sector among other things

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Taking On Challenges

Shikha Sharma has kept her focus on growing Axis Bank’s retail franchise and has proved to be an excellent manager of change

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HDFC Bank, ICICI, Axis Resume Levy On Cash Transactions

The banks have started charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month

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Axis Bank Q3 Net Dips 73 Per Cent To Rs 580 Crore On Bad Loan Woes

The bank's deputy managing director and chief financial officer Jairam Sridharan said the non-watchlist stress emanated from over five year-old loans in the iron and steel, infrastructure and construction sectors

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Axis Bank Becomes Third Lender To Offer Blockchain Service

Blockchain solutions is a distributed database that maintains a continuously growing list of ordered records called blocks

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Axis Bank Suspends Some Suspicious Accounts

Hit by irregularities by some of its employees, Axis Bank on Monday said it has taken "unprecedented step" of temporarily suspending some of the suspicious accounts and has a rigorous compliance procedure

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Embarrassed, Upset Over Handful Of Employees, Axis Bank Chief Shikha Sharma Reassures Customers

"Embarrassed and upset" over the conduct of a handful of employees bringing the organisation into disrepute, Axis Bank MD and CEO Shikha Sharma on Sunday said the bank has hired KPMG to conduct a forensic audit for enhanced due diligence and building more safeguards

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No Move To Cancel Axis Bank Licence, Says RBI

The Reserve Bank of India on Monday denied a media report that authorities were preparing to cancel the licence of Axis Bank Ltd over irregularities in transactions relating to the exchange of high-value bank notes

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Axis Bank Suspends Bullion Dealers Accounts

Axis Bank has suspended the bank accounts of some bullion dealers and jewellers after two of its executives at a branch were arrested over alleged money laundering

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Axis Bank Denies Local Media Report Of Threat To Its Banking Licence

Axis Bank on Monday slammed a regional newspaper report stating authorities were preparing to revoke the bank's licence as "false and malafide", saying it had strong systems and controls in place as per central bank rules

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