Axis Bank Ltd: News
#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.
#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.
#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.
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.
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.
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.
#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.
#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.
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.
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.
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.
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.
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.
IIM-Indore placements: Highest package touches Rs. 63.45LPA
IIM-Indore has completed its placement session for the 2016-18 batches.
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.
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.
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.
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.
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.
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.
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.
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.
Guarding against ATM hacking
In 2016, India witnessed a massive financial data breach affecting thousands of customers.
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.
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.
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.
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.
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.
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.
Kotak to acquire micro finance company
Kotak Mahindra Bank (Kotak) is in discussions to acquire a Karnataka based micro finance company, BSS Microfinance.
HDFC and Max to merge their life insurance businesses
HDFC and Max Group announced the merger deal of their life insurance businesses.