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RIL rejigs investment portfolio; exits four banks 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 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 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 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.
Cobrapost sting: KPMG to do forensic audit at Axis Bank Cobrapost sting: KPMG to do forensic audit at Axis Bank Axis Bank Wednesday said it has appointed top accounting firm KPMG to do a forensic audit, following a sting operation done by Cobrapost that alleged executives of the private lender had indulged in money laundering.
Axis Bank net up 22% at Rs 1,555 cr on core income growth Axis Bank net up 22% at Rs 1,555 cr on core income growth The country's third largest private sector lender had posted a post-tax net of Rs 1,277 crore the corresponding quarter of last fiscal.
RBI, FIU examining reports on ICICI Bank, HDFC Bank, Axis Bank RBI, FIU examining reports on ICICI Bank, HDFC Bank, Axis Bank The statutory reports include cash transaction report and suspicious transaction report.
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