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Axis Bank

SEBI sends notices to Axis Bank, Axis Securities, Axis Capital over Max Life deal; more pain ahead for investors?

SEBI sends notices to Axis Bank, Axis Securities, Axis Capital over Max Life deal; more pain ahead for investors?

Mon, Oct 28, 2024

Axis Bank stated that the show-cause notice is being reviewed and that they will file responses with SEBI, citing requisite regulatory approvals for the transactions. In August, the Delhi High Court directed SEBI, RBI, and IRDAI to investigate the matter. Axis Bank acquired additional Max Life Insurance equity shares worth Rs 336 crore, increasing their stake to almost 20% from 19.02% after receiving insurance regulatory approval.

Axis Bank shares zoom up 4% despite weak Q2; Here's what global brokerages suggest

Axis Bank shares zoom up 4% despite weak Q2; Here's what global brokerages suggest

Fri, Oct 18, 2024

As global brokerages remained bullish on the stock despite its weak Q2, the stock gained sharp momentum and rallied up to 4 per cent in intraday trade.

Axis Bank Q2 preview: PAT likely to increase 8.5% YoY; asset quality may be affected marginally

Axis Bank Q2 preview: PAT likely to increase 8.5% YoY; asset quality may be affected marginally

Wed, Oct 16, 2024

The country's leading private sector lender Axis Bank is set to release its quarterly results tomorrow. Zee Business research inputs suggest profit after tax (PAT) at the lender to grow by 8.5 per cent in the September quarter to Rs 6,366 crore.

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Axis Bank clarifies on CBI's searches in Ahmedabad branch

Axis Bank clarifies on CBI's searches in Ahmedabad branch

Tue, Apr 11, 2017

Axis Bank on Tuesday clarified that the bank has "zero tolerance" towards any devious procedures and is fully co-operating with the Central Bureau of Investigation (CBI) during investigations at Ahmedabad Axis Bank branch.

Axis Bank officials come under CBI scanner for allowing deposit of Rs 100 crore during demonetisation period

Axis Bank officials come under CBI scanner for allowing deposit of Rs 100 crore during demonetisation period

Fri, Apr 07, 2017

It was also alleged that during grace period of depositing demonetised notes, huge cash deposits were made in the bank several times during a day by a single person, the release mentioned.

Weekend Online Deals: Flipkart, Amazon offers heavy discounts on ACs, refrigerators, others

Weekend Online Deals: Flipkart, Amazon offers heavy discounts on ACs, refrigerators, others

Fri, Apr 07, 2017

Flipkart and Amazon India have started their three-day sale on electronics products starting from April 7 this week and ending on April 9.

Reliance Retail in partnership with NPCI announces UPI Payments app facility across 200 stores in Mumbai

Reliance Retail in partnership with NPCI announces UPI Payments app facility across 200 stores in Mumbai

Thu, Mar 30, 2017

Reliance Retail in partnership with National Payments Corporation of India (NPCI) on Thursday launched mobile-based in-store UPI Payments facility app over 200 stores in Mumbai.

Axis Bank to open international finance branch at GIFT City: Shikha Sharma

Axis Bank to open international finance branch at GIFT City: Shikha Sharma

Sun, Mar 26, 2017

Sharma referred to the recent Income Tax department raids and unearthing of suspicious financial activities at one of Axis Bank branches and said the Bank and she had more than "fair share of public gaze."

Bank stocks surge as FM promises solution to bad loans

Bank stocks surge as FM promises solution to bad loans

Fri, Mar 24, 2017

Shares of public sector banks rose by up to 4.5 % today after Finance Minister Arun Jaitley promised a solution to the growing NPA problem within next few days.

Sensex, Nifty trade positive; Axis Bank up 1.27%

Sensex, Nifty trade positive; Axis Bank up 1.27%

Thu, Mar 23, 2017

HDFC Securities said, "Markets are likely to open with a tinge of green this morning after a large sell off yesterday. We are expecting nifty to find buying support near 8980-9020 range. Mid caps and small caps are the ponds where we will find more fish. Stocks like Hindustan zinc who have announced large interim dividend will be in limelight."

Samsung officially launches Samsung Pay in India

Samsung officially launches Samsung Pay in India

Wed, Mar 22, 2017

Samsung Electronics on Wednesday officially announced the launch of Samsung Pay in India. The company had earlier during the month unveiled the mobile payment platform and had already opened for registrations in India on its official website.

ICICI Bank, SBI, StanChart top bank frauds list: RBI

ICICI Bank, SBI, StanChart top bank frauds list: RBI

Sun, Mar 12, 2017

The data provided by RBI to the Finance Ministry also revealed the involvement of bank staffs in fraud cases.

Digital Currency: Can Samsung Pay dent the Indian market?

Digital Currency: Can Samsung Pay dent the Indian market?

Tue, Mar 07, 2017

While Samsung Pay offers a safer option for payment instead of using card, the limited availability of the service on all its smartphone devices is a big hurdle.

Only 70% citizens feel charges on cash transaction are a bad decision: Survey

Only 70% citizens feel charges on cash transaction are a bad decision: Survey

Tue, Mar 07, 2017

The survey said, “Consumers are of the opinion that instead of reducing the cost of digital transactions, private banks are trying to show the stick to the customer and forcing them to go digital. Consumers are very concerned with the cost of digital transactions and many of them have reported that merchants are still charging 2% additional for debit, credit or wallet transactions.”

Reconsider penalty for not keeping minimum balance: Govt to SBI

Reconsider penalty for not keeping minimum balance: Govt to SBI

Tue, Mar 07, 2017

SBI has also imposed restrictions on withdrawals of cash from its branches as well as ATMs.

Samsung launches Samsung Pay platform in India; here's how it works

Samsung launches Samsung Pay platform in India; here's how it works

Mon, Mar 06, 2017

Some of the Samsung devices on which Samsung Pay is supported includes Galaxy S7 edge, Galaxy S7, Note 5, S6 edge plus, A5 (2016) and A7 (2016) and all other new models of Samsung to follow.

Charge on cash deposit: Why blame the banks when RBI approved move

Charge on cash deposit: Why blame the banks when RBI approved move

Mon, Mar 06, 2017

One of the reasons could be the rise in cash withdrawals since January 2017. RBI data show that people have already started withdrawing cash from their bank accounts in large numbers which has led to slowdown in digital transactions.

Traders term banks' cash transaction fee as "financial terrorism"

Traders term banks' cash transaction fee as "financial terrorism"

Fri, Mar 03, 2017

Axis Bank said that five transactions or Rs 10 lakh, whichever is earlier, for cash deposits or withdrawals are free.

To discourage cash transactions, HDFC Bank & others begin minimum levy of Rs 150 on cash deposits & withdrawals

To discourage cash transactions, HDFC Bank & others begin minimum levy of Rs 150 on cash deposits & withdrawals

Thu, Mar 02, 2017

To discourage cash transactions and boost the digital payments, banks like HDFC Bank and others have started charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.

Banks look to charge withdrawals as cash crunch eases

Banks look to charge withdrawals as cash crunch eases

Thu, Mar 02, 2017

Prime Minister Narendra Modi-led Government is foucssed on making India a less-cash society. In this bid, the government has taken many initiatives to promote digital currency and dissuade citizens from using cash. The latest step in this direction is banks charging customers for withdrawing their own cash.

Sensex crosses 29,000-mark, Tata Motors rise3%

Sensex crosses 29,000-mark, Tata Motors rise3%

Thu, Mar 02, 2017

Analysts at HDFC Securities said, "The markets are likely to open positive today, driven by positive domestic and global cues, following US President Donald Trump's Joint Congress address. Realty and Metal is expected to trade in positive zone, while Auto and Energy sectors are likely to trade in the negative zone."

10 lakh bankers go on strike today; will your salary credit be affected?

10 lakh bankers go on strike today; will your salary credit be affected?

Tue, Feb 28, 2017

About 10 lakh bankers have observed one-day strike across India on Tuesday to protest against the government's "anti-people banking reforms" and to press their demands to the government for compensation for the extra work done during the demonetisation period.

Bank strike likely on Feb 28, may dent services

Bank strike likely on Feb 28, may dent services

Sun, Feb 26, 2017

Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off.

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