Country's third largest private sector lender Axis Bank on Wednesday said it has launched a 'display variant' debit card which does away with the hassles of generating one time password (OTP) over SMS while transacting.
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Microsoft chief Satya Nadella will meet industry leaders like Mahindra Group Chairman Anand Mahindra, Axis Bank head Shikha Sharma and Tata Starbucks CEO Avani Davda during his one-day visit to India on November 5.
Shares of Axis Bank Wednesday slumped over 7 percent, wiping out Rs 9,119 crore from its market valuation after the company's September quarter results sparked concerns related to impairments of assests.
Former chairman of Axis Bank P J Nayak, who headed a government panel on banking reforms, has criticised government's move to consolidate state-run banks which are facing serious asset quality issues, saying it will only lead to bigger weaker banks.