scorecardresearch
Thursday, March 28, 2024
TopicAxis Bank

Topic: Axis Bank

Adani Group market value fell 52% in 6 months up to April, 6.4% drop for India’s top 500 pvt firms

According to 'Burgundy Private Hurun India 500-Special Report’, Adani Group saw its market value nosedive by Rs 10.25 lakh crore. Tata topped the list of most valued industrial groups.

How a ‘jadugar’ at Axis Mutual Fund used WFH & social distancing to ‘swindle Rs 30.56 crore’

SEBI has barred Axis Mutual Fund’s former fund manager Viren Joshi and 20 others from accessing securities markets, and has confiscated Rs 30.56 crore in a front-running case.

Axis Bank completes deal to buy Citi’s India consumer, non-banking finance businesses

The Rs 123.25-billion deal, when announced last year, was Axis Bank's biggest-ever acquisition. Citi was among the first international lenders to introduce credit cards in India in 1987.

Indian government investment vehicle to sell 1.55% stake in Axis Bank, making complete exit

The Specified Undertaking of the Unit Trust of India will sell 46.5 million shares, with the floor price being 830.63 rupees per share.

Card not working, or lost? Here are 5 easy ways to contact Axis Bank credit card customer care

You can get in touch with the customer care team via calls, emails, SMS, the ‘AHA’ digital support system on the Axis Bank website, or by writing a letter.

RBI imposes Rs 25-lakh penalty on Axis Bank for non-compliance with KYC norms

According to Reserve Bank of India, Axis Bank failed to comply with certain provisions of the KYC directions during February and March 2020 in a customer account.

After HDFC & ICICI banks, Axis to now give salary hikes while others cut jobs and pay

Axis Bank Ltd. will increase staff salaries between 4% and 12% from October 1 based on performance, according to people with knowledge of the plans.

Why public sector banks are struggling to raise capital but private banks are having it easy

ICRA estimates that PSBs need around Rs 60,000 crore in the current fiscal, but these banks are struggling to raise capital despite asset quality challenges.

25-30% of bank loans under moratorium but only small portion of these expected to turn NPAs

Banks are relying on a pick-up in economic activity amid unlock phase and borrower profiles to expect that majority of loans under moratorium won’t turn bad.

Modi govt’s relaxed lockdown not enough to revive India economy, says Axis Bank study

Though Modi govt eased restrictions after 40 days, a majority of bank loans and deposits are concentrated in areas designated red zones, noted the study.

On Camera

Arvind Kejriwal can’t absolve himself ethically. Excise policy encouraged alcohol intake

The Kejriwal government in Delhi disregarded the Directive Principles of State policy with the corrupt excise policy on liquor.

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

BRO connects new axis to Ladakh, to be shortest route

The all-weather Nimmu-Padam-Darcha Road will connect Manali to Leh through Darcha and Nimmu on Kargil-Leh Highway.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.