Axis Bank
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Sebi rejects Axis Bank's plea in Karvy Stock Broking matter
Business | Jan 15, 2020, 02:36 PM ISTMarkets regulator Sebi has rejected Axis Bank's plea to allow the lender to invoke the pledge on shares in the Karvy Stock Broking Ltd (KSBL) matter. The order comes after the Securities Appellate Tribunal (SAT) on December 20 had asked Sebi to pass an order by January 15, 2020 in the case. The tribunal had modified its earlier directive passed on December 17, wherein it had asked the markets watchdog to pass an order within 15 days in the case.
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Amruta Fadnavis at centre of row as Maharashtra moves Axis Bank accounts
India | Dec 29, 2019, 08:14 PM ISTThe Axis Bank finds itself in the middle of a controversy with its employee, Amruta Fadnavis, wife of former Maharashtra Chief Minister Devendra Fadnavis, facing fire from the BJP's erstwhile ally, Shiv Sena, over conflict of interest.
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Sensex rises over 250 pts on strong global cues; Nifty above 12K
Business | Dec 13, 2019, 10:06 AM ISTAfter rising 284 points in early session, the 30-share index was trading 244.04 points or 0.60 per cent higher at 40,825.75. Similarly, the broader Nifty was trading 66.20 points or 0.55 per cent up at 12,038.
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Axis Bank betting big on Fastags
Business | Nov 27, 2019, 09:49 PM ISTRival Kotak Mahindra Bank has also announced free tags till December 1 with a similar limited period offer, an official statement said, while an HDFC Bank official said the lender has waived off the processing charges of Rs 100 till December 31.
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Six men loot bank in Jharkhand at gunpoint
Crime | Oct 01, 2019, 06:21 PM ISTAccording to the police, six criminals entered an Axis Bank branch situated at Nirsa town of Dhanbad district.
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Demonetisation: ED attaches over Rs 2 crore assets in Axis Bank PMLA case
India | May 13, 2019, 09:08 PM ISTThe ED on Monday said it has attached assets worth over Rs 2 crore in connection with a money laundering case registered against former officials of an Axis Bank branch here and others, post the 2016 demonetisation exercise.
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RBI slaps penalties on Axis Bank, UCO Bank and Syndicate Bank
Business | Feb 05, 2019, 09:28 PM ISTA penalty of Rs 2 crore has also been imposed on UCO Bank and Rs 1 crore on Syndicate Bank for violation of norms.
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Axis Bank Q3 net profit jumps over two-fold to Rs 1,681 crore
Business | Jan 29, 2019, 06:17 PM ISTThe bank had posted a net profit of Rs 726.44 crore in the corresponding period of the previous fiscal.
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Axis Bank board agrees to curtail Shikha Sharma's tenure as chief till Dec 2018
Business | Apr 09, 2018, 10:20 PM ISTThe Axis Bank board accepted her request for a shorter seven-month term (from June 1 to December 31, 2018), subject to the approval of the Reserve Bank of India (RBI), the bank said in a regulatory filing.
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RBI bars Axis Bank from importing bullion for FY19
Business | Apr 03, 2018, 07:59 PM ISTThe RBI published the list of 16 banks which have been allowed to import the precious metals yesterday on its website, wherein Axis Bank is excluded.
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ICICI's Chanda Kochhar, Axis Bank's Shikha Sharma summoned in PNB fraud case
Business | Mar 06, 2018, 03:32 PM ISTKochhar and Sharma will appear before the Serious Fraud Investigation Office in Mumbai on Tuesday afternoon, sources in the agency said.
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RBI slaps penalty of Rs 3 cr on Axis Bank, Rs 2 cr on IOB
Business | Mar 05, 2018, 11:10 PM ISTA statutory inspection of Axis Bank, with reference to its financial position as on March 31, 2016, revealed "violations of various regulations issued by RBI in the assessment of NPAs", or bad loans, the central bank said in a statement.
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Axis Bank raises MCLR by 10 basis points, effective from Feb 17
Business | Feb 20, 2018, 09:31 AM ISTWith one basis point being equivalent to 0.01 percentage point, the revised one year MCLR now stands at 8.40 per cent, Axis Bank said in a stock exchange filing.
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New NPA framework not to cut Axis Bank too deep, says chief Shikha Sharma
Business | Feb 14, 2018, 07:29 PM ISTBanks are already bleeding due to the systemic clean-up of their books undertaken by RBI over the past three years and the newer accounting system may only aggravate the pains.
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Banks fear additional Rs 40,000-cr NPAs as RBI reclassifies Axis Bank's accounts
Business | Oct 22, 2017, 08:40 PM ISTThe banking sector fears accretion of more than Rs 40,000 crore of bad loans to its books following recent classification of eight consortium accounts of Axis Bank as NPAs by RBI.
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Axis Bank offers waiver of 12 EMIs on home loans up to Rs 30 lakh
Aug 18, 2017, 11:45 AM ISTThe third largest private sector lender will waive off four equated monthly instalments (EMIs) each at the end of the fourth, eighth and the 12th year of a two-year loan.
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Axis Bank puts rumours to rest, reappoints Shikha Sharma as CEO and MD for three years
Jul 27, 2017, 06:02 PM ISTThe reappointment of Shikha Sharma puts to rest all speculation regarding her possible entry into the Tata Group
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Axis Bank to acquire payments wallet Freecharge for Rs 385 cr
Jul 27, 2017, 02:03 PM ISTThe bank's managing director and chief executive, Shikha Sharma, told reporters that the agreement was signed earlier in the day and the deal is important from a strategic perspective for the bank.
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After SBI and other rivals, Axis Bank cuts home loan rates to 8.35 pc
May 18, 2017, 02:33 PM ISTTaking a cue from its larger rivals, private sector lender Axis Bank today announced a rate cut of up to 0.30 per cent for home loan borrowers
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Axis Bank cuts lending rates by upto 0.70 per cent
Jan 14, 2017, 07:49 AM ISTFollowing similar move by other banks after a bulk infusion of liquidity arising from the demonetisation move, Axis bank, country’s third largest private sector lender, on Friday announced to reduce its lending rates by 0.65-0.70 per cent across vari