Axis Bank license faces cancellation threat?
Axis Bank on Monday strongly denied a report in the regional daily that authorities are likely to scrap its licence in the wake of its involvement in a multi-crore black-money scam.
Dec 12, 2016, 15:45 PM IST
Demonetisation: I-T dept carries out raids in Chandni Chowk branch of Axis Bank; discovers 15 fake A/Cs
I-T department discovered 15 fake accounts and found over Rs 450 crores.
Dec 09, 2016, 16:20 PM IST
Demonetisation: CBI arrests three including Axis Bank official for money laundering
The Central Bureau of Investigation (CBI) on Thursday arrested three persons, including an Axis Bank official in Kolkata for their alleged involvement in money laundering post demonetisation.
Dec 08, 2016, 23:53 PM IST
Axis Bank suspends 19 staff; hires KPMG for forensic audit
Following arrest of two of its managers in Delhi by Enforcement Directorate in connection with money laundering probe, Axis Bank has hired KPMG to do forensic audit and strengthen mechanism to put check on such activities.
Dec 06, 2016, 23:49 PM IST
Demonetisation: ED arrests two Axis Bank managers for helping in conversion of black money
The ED has arrested two Axis Bank managers under PMLA case for their alleged involvement in settling of unaccounted money.
Dec 05, 2016, 11:14 AM IST
I-T dept raids residence of 2 Axis Bank managers for helping in conversion of black money
The raids were conducted after two people were held with Rs 3.5 crore new notes.
Nov 25, 2016, 14:23 PM IST
Axis Bank cuts cost of lending rate by 0.15-0.20% from Friday
Private sector Axis Bank on Wednesday announced a cut in its marginal cost of fund-based lending rate (MCLR) by 0.15-0.20 percent effective coming Friday.
Nov 16, 2016, 19:10 PM IST
Chetan Bhagat demands good execution of demonetisation move, says 'don't use patriotism as excuse for bad operations'
As banks and ATMs on continue to witness chaos, famous novelist Chetan Bhagat on Saturday opined, while demonetisation might be well-intentioned, the poor execution of an idea leads to problems for ordinary citizens.
Nov 12, 2016, 11:45 AM IST
Premium to be hiked by insurers for cyber security covers
Following the data theft that impacted 32 lakh debit cards recently, insurers see surge in demand for cyber insurance and have warned of a spike in cyber risk cover premiums.
Nov 06, 2016, 19:24 PM IST
Axis Bank stocks plunge over 8%; m-cap erodes by Rs 10,133 cr post Q2 numbers
Shares of Axis Bank slumped over 8 percent Wednesday after the company's July-September quarter net plunged by 83 percent.
Oct 26, 2016, 13:35 PM IST
Bad loans impact: Axis Bank's Q2 profit plunges 83% to Rs 319 crore
Private sector Axis Bank Tuesday reported 83 percent plunge in net profit for the July-September quarter at Rs 319 crore mainly due to higher provisioning for bad loans.
Oct 25, 2016, 21:11 PM IST
Banks looking at 'resolution' of Rs 1.5 lakh crore worth stressed assets in coming months
Enthused by speedy recovery of loans worth USD 2.5 billion by three lenders including ICICI Bank within days of mega USD 13-billion Essar deal, banks are now looking at resolution of stressed assets totalling Rs 1.25-1.50 lakh crore (nearly USD 20 billion) in coming months.
Oct 23, 2016, 17:38 PM IST
Axis Bank cuts lending rate by 0.05% across tenors
Private sector Axis Bank has cut the marginal cost of fund based lending rate by 0.05 percent across all tenors, effective tomorrow (Tuesday).
Oct 17, 2016, 19:26 PM IST
Freecharge partners with Axis Bank, launches UPI payment
Digital payment platform FreeCharge in partnership with Axis Bank on Monday launched Unified Payments Interface(UPI) that allows instant transactions from a smartphone using a virtual payment address(VPA).
Sep 12, 2016, 15:12 PM IST
Axis Bank cuts lending rate by 0.05%, EMIs to be lower
Private sector lender Axis Bank Wednesday cut lending rate by 0.05 percent, a move which will lower EMIs for its new borrowers.
Aug 17, 2016, 21:03 PM IST
Axis Bank ready with UPI app, to tie-up with Freecharge
Country's third largest private sector lender Axis Bank said it is ready with a Unified Payments Interface (UPI) app, while it also announced a tie-up with digital payments company Freecharge for it.
Aug 06, 2016, 09:43 AM IST
ICICI, Axis banks join Swift's global payments initiative
Global payments leader SWIFT on Monday said ICICI Bank and Axis Bank have become the first domestic lenders to sign up for its global payments innovation initiative, which already has over 70 other leading banks globally.
Jul 25, 2016, 15:04 PM IST
Axis Bank Q1 profit dips 21% at Rs 1,556 crore
Private player Axis Bank on Friday reported 21 percent decline in net profit at Rs 1,555.5 crore for the first quarter of the current fiscal on account of rise in bad loans.
Jul 22, 2016, 18:05 PM IST
Axis Bank cuts base rate by 10 bps to 9.35%
Axis Bank has slashed its minimum lending rate by 10 basis points to 9.35 percent, with effect from July 27.
Jul 20, 2016, 18:46 PM IST
CCEA allows Axis Bank to raise foreign shareholding to 74%
The proposal would lead to foreign investment of about Rs 12,973 crore.
Jul 05, 2016, 15:43 PM IST
