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Latest Articles in axis bank

RBI Clears Re-Appointment Of Amitabh Chaudhry As Managing Director Of Axis Bank

The board of the bank had in April approved the extension of his tenure for a further period of three years subject to regulatory clearance.

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I-Bankers Make $ 761 Mn In Advisory Fees During Jan-Sept; Lowest In 3 Years: Report

Axis Bank got USD 46.7 million or 6.1 per cent share, Goldman Sachs stood at the fourth slot with USD 46.7 million or 6.1 per cent each of the market pie, and ICICI Bank (USD 40.4 million, 5.3 per cent) comes at the fifth slot.

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Axis Bank In-House Economists Don''t See Rate Hike In Policy Review On Friday: Bhattacharya

The central bank''s Monetary Policy Committee has not changed the key policy rates since May 22, 2020, when it had slashed the interest rate to a historic low of 4 per cent in an off-policy cycle to perk up demand.

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Axis Bank Forms Policies Favourable To Its Customers, Employees From LGBTQIA Community

The country''s third largest private sector lender said it recognises that employees could have a gender or gender expression that''s different from their sex assigned at birth.

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Moody's Assigns B1(Hyb) Rating To Axis Bank's Proposed AT-I Capital Bonds

The principal and any accrued but unpaid distribution on these capital securities would also be written down, partially or in full, if the RBI determines that without such a write-down, the bank would become non-viable, or a public sector capital injection is needed without which the bank would become non-viable, it added.

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Axis Bank Begins Issuing Debt Securities Under Rs 35,000 Crore Debt Raise Plan

The shareholders of the bank had approved the proposal in the bank's annual general meeting in July. "The bank has initiated the process of issuing of the debt instruments, in the form of the additional tier 1 notes (notes) in foreign currency, subject to market conditions," Axis Bank said in a regulatory filing.

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Xiaomi To Offer Full Spectrum Of Financial Services In India Via Partners

The top executive said Mi Credit will now offer a higher pre-approved loan of Rs 25 lakh (against Rs 1 lakh previously) and tenure of up to 60 months.

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SBI, Axis Bank, ICICI Bank, Others Buy Stakes In Fintech Firm IBBIC

DLT, more commonly known as blockchain technology, is a protocol to enable secure functioning of a decentralised digital database. It stores information securely using cryptography.

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Axis Bank Q1 Net Jumps 94 Per Cent To Rs 2,160 Crore

Income on investments jumped to Rs 3,428.20 crore in the latest June quarter from Rs 2,973 crore in the same period a year ago. Likewise, income from other sources also went up.

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ICICI Bank Ups Ante In Credit Card Space With Fuel Discount Offering

HDFC Bank's outstanding credit cards decreased to 1,48,58,375 as of May 2021 from 1,53,86,822 in November 2020, while the same number for ICICI Bank has increased to 1,08,73,007 from 97,10,535

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Fresh Card Issuance By 5 Pvt Banks To Be Impacted Due To Ban On Mastercard By RBI: Report

The issuance of new cards through another payment gateway would take 2-3 months because it involves technology integration and other modalities.

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Amid Worries Over Demand Revival, Axis Bank Sees 10 Times Growth In Online Shopping Fest

The bank is giving its debit and credit card holders a flat 15 per cent cashback on partner e-commerce portals like Flipkart and Amazon as part of the ten-day 'Grab Deals Fest' which is on till July 4.

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Axis Selects AWS For E-Services

The private sector bank will use AWS to build secure digital banking services in three months

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Axis Bank Stake In Max Life Likely To Rise To 20 % In 12-18 Months

Max Life Insurance recorded a 22 per cent rise in its total new business premium (individual and group) to Rs 6,826 crore in the financial year ended March 2021.

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