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No communication on Axis-Kotak merger: Finmin sources

No communication on Axis-Kotak merger: Finmin sources

The Finance Ministry has not received any communication with regard to reported merger of Kotak Mahindra Bank and Axis Bank, a senior official said.

Axis Bank shares up 5% on Kotak Mahindra merger buzz

Shares of Axis Bank on Tuesday rose by 5 percent amid reports of merger of the bank with another private lender even as the company denied any such development.

 Axis Bank Q3 net profit declines as bad loans rise

Axis Bank Q3 net profit declines as bad loans rise

India's third larget private lender Aix Bank's net profit fell to 5.80 billion rupees ($85 million) for the three months ended Dec. 31, from 21.75 billion rupees a year earlier. 

Loans to be cheaper as Axis Bank cuts MCLR by up to 0.70%

Loans to be cheaper as Axis Bank cuts MCLR by up to 0.70%

Loans will soon be cheaper as country's third largest private sector lender Axis Bank on Friday cut its interest offering by up to 0.70 per cent. The latest rate cut is being seen as a move following similar moves by all the major players in the system due to high liquidity post demonetisation.

Rs 13 crore deposited in dead account in Axis bank Noida branch

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Axis Bank assures govt of action against errant officials

Axis Bank assures govt of action against errant officials

Finance Minister Arun Jaitley on Tuesday said the Axis Bank management has assured the government that it is taking action against erring officials who are involved in irregularities post demonetisation.

Demonetisation: Axis Bank suspends some suspicious accounts

Demonetisation: Axis Bank suspends some suspicious accounts

Hit by irregularities by some of its employees, Axis Bank on Monday said it has taken "unprecedented step" of temporarily suspending some of the suspicious accounts and has a rigorous compliance procedure.

Embarrassed and upset over conduct of handful of employees: Axis Bank MD Shikha Sharma

Embarrassed and upset over conduct of handful of employees: Axis Bank MD Shikha Sharma

The Income Tax Department had last week conducted a raid at an Axis Bank branch in Noida and unearthed Rs 60 crore from the accounts of 20 shell companies.

Axis bank-Noida: Enforcement Directorate files money laundering case?

Axis bank-Noida: Enforcement Directorate files money laundering case?

A money laundering case has been registered by the Enforcement Directorate (ED) in the alleged forging of a customer's identity to conduct huge illegal transactions in an Axis Bank branch in Noida.

IT department sends notice to Axis bank branch over fake accounts case

IT department sends notice to Axis bank branch over fake accounts case. Watch the full segment for more details.

Axis Bank cuts lending rates by up to 0.15%

Axis Bank cuts lending rates by up to 0.15%

Country's third largest private lender Axis Bank Friday announced up to 0.15 percent reduction in its lending rates, signalling a further downward trend in borrowing costs.

 Another branch of Axis Bank under scanner: I-T dept traces 12 fake accounts

Another branch of Axis Bank under scanner: I-T dept traces 12 fake accounts

After raiding Noida and Connaught Place branches of Axis Bank yesterday, Income Tax Department has raided Krishna Nagar branch of the lending institution on Friday morning

Note ban: Axis Bank suspends 24 employees, 50 accounts for suspicious activities

Note ban: Axis Bank suspends 24 employees, 50 accounts for suspicious activities

Private sector lender Axis Bank on Thursday said it has so far suspended 24 employees and 50 accounts for suspicious activities related to black money.

Buzzing News: I-T raids Axis Bank's Noida branch, seizes Rs 60 crore from 20 fake accounts

I-T raids Axis Bank's Noida branch, seizes Rs 60 crore from 20 fake accounts.

After Noida, IT dept raids Axis Bank branch in Connaught Place

After Noida, IT dept raids Axis Bank branch in Connaught Place

Just after raiding its Noida branch earlier in the day, Income Tax department has conducted raids on Connaught Place branch of Axis Bank.

Demonetisation: Axis Bank Noida branch raided by IT dept; Rs 35 lakh new notes recovered in Rajasthan ​

Demonetisation: Axis Bank Noida branch raided by IT dept; Rs 35 lakh new notes recovered in Rajasthan ​

Keeping up with the schedule of the last many days, Income Tax Department officials once again on Thursday conducted raids across different parts of the country seizing sizable amount of unaccounted cash. 

Axis Bank's Noida branch raided, over Rs 60 crore found in fake accounts

Axis Bank's Noida branch raided, over Rs 60 crore found in fake accounts

Amid the series of raids conducted all across the country by Income Tax Department officials to seize black money, the latest crackdown is upon the Axis Bank branch located in Noida.

Axis Bank denies reports of licence cancellation; RBI says no such action initiated

Axis Bank denies reports of licence cancellation; RBI says no such action initiated

Coming to the bank's rescue, the Reserve Bank of India (RBI) also said it has not initiated any action against Axis Bank for cancellation of its license, as held by some media reports.

Axis Bank license faces cancellation threat?

Axis Bank license faces cancellation threat?

Axis Bank on Monday strongly denied a report in the regional daily that authorities are likely to scrap its licence in the wake of its involvement in a multi-crore black-money scam.

Demonetisation: I-T dept carries out raids in Chandni Chowk branch of Axis Bank; discovers 15 fake A/Cs

Demonetisation: I-T dept carries out raids in Chandni Chowk branch of Axis Bank; discovers 15 fake A/Cs

I-T department discovered 15 fake accounts and found over Rs 450 crores.