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May 25, 2013
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Axis Bank
RIL rejigs investment portfolio; exits four banks
In a major revamp of its investment portfolio, Reliance Industries Ltd has sold off its holdings in four banks, HDFC Bank, Axis Bank, Canara Bank and PNB, but has tanked up its holdings in two others -- SBI and ICICI Bank.
Axis Bank gets NPS trustee bank mandate
According to Pension Fund Regulatory and Development Authority (PFRDA), Axis Bank has been "appointed as the new NPS Trustee Bank with effect from July 1, 2013 in place of Bank of India (current Trustee Bank)".
No clean-chit to ICICI, HDFC, Axis; show-cause notices on way: RBI
The Reserve Bank on Friday said it has not given clean-chit to ICICI Bank, HDFC Bank and Axis Bank, which are accused of money laundering and flouting KYC norms, and stated the probe against the three banks is still on.
Axis Bank shares jump over 4% on smart earning nos
Shares of Axis Bank Thursday rose by over 4 percent, after the private sector lender reported 22 percent jump in net profit for the March quarter.
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