Axis Bank Ltd: News

30 Jul 2018


#FinancialBytes: Top 5 student credit cards in India

With the ever-rising cost of living in cities, and expanding fee-structures, students run out of money, especially during month-end.

28 Jul 2018


#FinancialBytes: All about savings account with SBI, HDFC, ICICI, Axis

Gone are the days when opening a new bank account was a hassle - the advent of the internet has made the process easier.

27 May 2018


#BusinessBytes: All about the top 7 debit cards in India

Debit cards are payment cards linked to one's savings account. Customers can conveniently withdraw money at ATMs, deposit cash, shop offline/online, etc.

10 May 2018

Bharti Airtel

Sensex rises over 128 points on firm global cues

The BSE Sensex rallied over 128 points to 35,447.43 in early session today, maintaining its positive form for the fourth straight day on positive cues from global markets.

07 May 2018

Bharti Airtel

Sensex surges over 146 points in opening trade

Market benchmark Sensex surged over 146 points in opening trade today on fresh buying by domestic institutional investors amid a strengthening rupee.

Journalist Upendra Rai arrested for extorting Rs. 15cr from builder

CBI has registered a fresh case against arrested journalist Upendra Rai and his associate Rahul Sharma for allegedly extorting Rs. 15cr from a Mumbai-based builder by portraying himself as an income tax "power broker", officials said.

18 Apr 2018

Madhya Pradesh

Cash situation at ATMs improving, availability increased: SBI

The State Bank of India (SBI), the country's largest lender said today that cash availability at its ATMs has increased in the past 24 hours following reports of currency shortages and ATMs running dry from different parts of the country.

17 Apr 2018


#FinancialBytes: Planning to buy house? Here are 6 home-loan options

All major banks and house financing companies offer home loans that provide funding for buying or constructing houses and residential properties.

16 Apr 2018


#BusinessBytes: All about the top 7 debit cards in India

Debit cards are payment cards linked to one's savings account. Customers can conveniently withdraw money at ATMs, deposit cash, shop offline/online, etc.

10 Apr 2018


After RBI-snub, Axis wants to cut CEO Shikha Sharma's tenure

In an unusual move, Axis, India's seventh largest bank, has sought permission from RBI to cut down the tenure of CEO Shikha Sharma from three-years to seven-months.

06 Apr 2018


Year-end bonuses to ICICI, Axis, HDFC bank CEOs on hold

The Reserve Bank of India (RBI) is yet to approve the year-end bonuses to the CEOs of India's top private banks as it's questioning their payout size with respect to their performance.

05 Apr 2018


CBI books Vadodara firm for Rs. 2,654cr fraud; raids premises

The CBI on Thursday said it had registered a criminal case against a Vadodara-based company dealing in electric cable and equipment, and its directors for allegedly cheating various banks to the tune of Rs. 2,654cr.

02 Apr 2018


Sensex begins FY19 on firm note, rises over 100 points

Domestic equities opened on a firm note on the first trading day of the new financial year 2018-19 today, with Sensex reclaiming the 33,000-mark by rising over 100 points amid positive global cues.

14 Mar 2018


Rajasthan Digifest job fair sees good participation; 2,500 receive offers

As many as 2,500 job-seekers have received employment offers, while 5,500 candidates have been shortlisted for further evaluation at a job fair organized in Jaipur by the Rajasthan government, a senior official said on Wednesday.

20 Mar 2018


IIM-Indore placements: Highest package touches Rs. 63.45LPA

IIM-Indore has completed its placement session for the 2016-18 batches.

19 Mar 2018


How this Mumbai-based firm duped lenders of Rs. 4,000cr

Investigators have taken action against businessmen accused of duping over 20 lenders of Rs. 4,000cr, reports TOI.

09 Mar 2018

Bharti Airtel

Sensex rebounds 274 points, Nifty above 10,200-mark, seeing opening gains

Snapping their six-day losing streak, stocks staged a strong comeback in early trade today, with BSE Sensex rebounding by 274 points and Nifty recapturing the 10,200-mark on fresh buying by domestic institutional investors.

08 Mar 2018


International Women's Day: A look at some of Indian 'Sheroes'

Even today, few Indian woman are emancipated, educated, independent and doing what they want. But they wish to, and that's a big leap forward.

RBI fines Axis Rs. 3cr, IOB Rs. 2cr for violations

The RBI has levied Rs. 3cr fine on Axis Bank and Rs. 2cr penalty on Indian Overseas Bank (IOB) for various violations.

07 Feb 2018


How this Jaipur cop prevented biggest ever bank robbery

A Jaipur cop's presence of mind foiled a Rs. 925-crore robbery bid in what would have arguably been India's biggest bank heist ever.

20 Nov 2017


SBI to integrate "Blockchain" for Smart Contracts, KYC next month

State Bank of India has announced that it would soon start using "Blockchain Technology" for its products.

31 Jul 2017


FreeCharge staff gets retention bonus, Snapdeal 2.0 begins

Post announcement last week that FreeCharge will now be sold to private sector lender Axis Bank for Rs. 385 crore, employees are now being given six-month retention bonus to ensure that the integration takes place without any hiccups.

27 Jul 2017


Axis Bank reappoints CEO Shikha Sharma for 3 years

The Axis Bank board has reappointed Shikha Sharma as the bank's CEO and Managing Director, finally putting an end to speculations of her exit.

30 May 2017


ICAI to check if banks misreport bad loans

According to reports, Institute of Chartered Accountants of India (ICAI) has requested information pertaining to the bad-loan estimates provided by certain lenders and the central bank, from Reserve Bank of India.

23 Apr 2017


Guarding against ATM hacking

In 2016, India witnessed a massive financial data breach affecting thousands of customers.

22 Mar 2017

Delhi Police

Delhi: Four Bhondsi jail-mates in Limca Book of Records

The Limca Book of Records now features four inmates of the Bhondsi jail for installing 'Phoenix' (a prison-management software) in 11 prisons of Haryana.

Axis-Kotak merger talk rife in spite of official denial

Shares of private banks Axis Bank Ltd and Kotak Mahindra Bank Ltd have shot up by 3.38% and 8.31%, respectively, since December amid speculations of a potential merger among them.

31 Dec 2016

Ratan Tata

The Top 10 business scandals of 2016

Businesses across the world have faced their share of scandals this year, ranging from sexual harassment, to fraud, to providing politically biased news.

29 Dec 2016


Demonetization sees banks enter the corruption spotlight

Amidst rising bad loans, the country's banks are battling corruption scandals of money laundering with the demonetization move.

22 Dec 2016


Government requests RBI for report on bank norms post demonetization

With the onset of demonetization, reports surged on instances where bank employees aided money laundering through means of unauthorized documents or flouting KYC norms.

28 Nov 2016


RBI raises cash reserve ratio to 100%

India's central bank, the Reserve Bank of India, directed the country's banks to maintain a cash reserve ratio of 100% to help absorb the excess deposits being collected in banks.

11 Oct 2016


Number of credit cards in India to touch 30 million

With credit-card numbers increasing every year, bankers said that this year, the number of credit cards issued is set to cross the 28 million mark it touched in March 2008.

02 Oct 2016


Kotak to acquire micro finance company

Kotak Mahindra Bank (Kotak) is in discussions to acquire a Karnataka based micro finance company, BSS Microfinance.

10 Aug 2016


HDFC and Max to merge their life insurance businesses

HDFC and Max Group announced the merger deal of their life insurance businesses.