RBI imposes penalty of Rs 25 lakh on Axis Bank
Business | September 01, 2021 20:54 ISTThe Reserve Bank of India (RBI) on Wednesday imposed a monetary penalty of Rs 25 lakhs on Axis Bank Limited.
The Reserve Bank of India (RBI) on Wednesday imposed a monetary penalty of Rs 25 lakhs on Axis Bank Limited.
A gamut of financial services - both transactional and informational - such as checking account balance, checking of credit card bill amount, knowing nearest branch or ATM location and the like can be availed by customers through this solution.
Equity benchmark indices remained bullish despite trimming some early gains on April 26 following some reports that India's second wave of coronavirus will peak soon. The BSE SandP Sensex closed 508 points or 1.06 per cent higher at 48,387 while the Nifty 50 ticked up by 144 points or 1 per cent to 14,485.
A security guard working at Axis Bank branch in Sector 34A of Chandigarh allegedly ran away with Rs 4.04 crores in cash, the police said on Sunday.
A security guard working at Axis Bank branch in Chandigarh's Sector 34A allegedly ran away with Rs 4.04 crore in cash, as per police. "A case has been registered and raids are being conducted at suspected places to nab the culprit," said police.
State Bank of India, ICICI, HDFC, Axis Bank and Punjab National Bank (PNB) customers have been warned about a serious security flaw.
Equity benchmark indices gave up early gains during volatile trade on Tuesday and closed in the red. Market experts said traders booked profit across counters to realign their portfolios.
After two years of waiting, Facebook-owned WhatsApp payment service received approval from the National Payments Corporation of India (NPCI) in November to go live on Unified Payment Interface (UPI) with over 160 supported banks.
Earlier in October, the Reserve Bank of India (RBI) did not approve Axis Bank's proposal to raise its stake up to 29 per cent but scaled it down to an aggregate of 19.02 per cent with the subsidiaries of private sector lenders.
As of November 13, Axis Bank is offering an interest rate of 2.50% on FDs to its customers with maturity between 7 days and 29 days, 3% for FDs maturing between 30 days and less than 3 months, 3.5% for FDs between 3 months and less than 6 months.
‘Dil Se Open Celebrations’, a festive campaign by India’s third largest private lender Axis Bank has come as a boon for its debit and credit cardholders who can avail offers on more than 1,00,000 products from well-known brands and get up to 10X EDGE reward points on purchase of gift cards from popular brands.
After touching a high of 38,556.27, the BSE Sensex pared some gains to end 224.93 points or 0.59 per cent higher at 38,407.01.
Last week, Axis Bank had set a floor price of Rs 442.19 per equity share for its proposed Rs 15,000-crore qualified institutional placement (QIP).
Shares of Axis Bank on Wednesday jumped over 7 per cent after the lender's asset quality showed improvement in the June 2020 quarter.
Traders booked profit and equity benchmark indices ended marginally lower on July 10 following a decline in global peers amid surging coronavirus cases.
The third largest private sector lender Axis Bank on Monday said its executive director Pralay Mondal has resigned due to "personal compulsions" within one year of joining the bank.
Equity benchmark indices were on a low swing during early hours on Friday ahead of the release of GDP data for January to March quarter (Q4 FY20).
Shares of Axis Bank on Wednesday zoomed over 14 per cent amid reports of fund infusion by private equity firm Carlyle.
The losses in the last quarter were reported despite a 19 per cent increase in Axis Bank's net income, which grew to Rs 6,808 crore
Sensex has surged 900 points on global cues as Nifty regained the 9,000 mark. At 9:41 am Sensex is trading in the upper 30,000 mark as Axis Bank and Tata Motors are up 4 per cent. Pharmaceutical companies like Sun Pharma are also in the green on the back on high use of products due to COVID-19 outbreak.
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