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Axis launches home loan scheme for below Rs 10K earners

Last Updated: Wednesday, April 02, 2014, 19:37

Private sector lender Axis Bank has launched a home loan product for households earning as low as Rs 8,000 a month, targeting disbursals of up to Rs 1,000 crore in a year's time, a senior bank official said on Wednesday .

Axis Bank to open 750 urban branches over next two years

Last Updated: Sunday, March 30, 2014, 15:20

Private sector Axis Bank has opened 250 branches in unbanked areas in FY 2014 as per the regulatory requirement, which qualifies it to launch 750 more urban branches over the next two fiscals, a top official said.

Axis bank launches 'Kisan Card'

Last Updated: Thursday, March 27, 2014, 19:08

Over a decade after the state-run banks launched Kisan Credit Cards, private sector lender Axis Bank on Thursday introduced its own card which is aimed at helping farmers access liquidity round-the-clock.

Axis Bank surges, RIL falls on FTSE adjustment

Last Updated: Friday, March 21, 2014, 19:19

Axis Bank surged 2.7 percent on speculation that its weightage in FTSE indices is due to increase when the index provider rejigs the composition of its benchmarks after the close of markets on Friday.

Axis Bank falls on govt's Rs 5,700 crore stake sale offer

Last Updated: Friday, March 21, 2014, 10:39

Shares of Axis Bank Ltd fell after the government launched an offer to sell up to a 9 percent stake held through SUUTI in India`s third-largest private-sector bank by assets to raise up to Rs 5,700 crore.

Govt receives over Rs 8,500 cr from Axis Bank stake sale, ETF

Last Updated: Friday, March 21, 2014, 08:41

Encouraging response from investors has helped the government raise over Rs 8,500 crore through CPSE ETF and Axis Bank share sale.

Axis Bank stake sale Friday, price band at Rs 1290-1357/share

Last Updated: Thursday, March 20, 2014, 19:10

Government will sell less than half of its stake held through SUUTI in the country's third largest private sector lender Axis Bank on Friday through a block deal for upto Rs 5,700 crore.

RBI allows more banks to import gold

Last Updated: Wednesday, March 19, 2014, 21:21

The Reserve Bank of India (RBI) has allowed more banks, including Axis Bank and Kotak Mahindra Bank, to import gold under the 80:20 scheme, a move seen as a precursor to easing restrictions on inward shipments of the metal.

Morgan Stanley turns ''overweight'' on private banks

Last Updated: Monday, March 10, 2014, 12:20

Morgan Stanley turns "overweight" across all private sector lenders in India, after previously having that stance for only HDFC Bank, Housing Development Finance Corp, ICICI Bank, and Axis Bank.

Axis launches Aadhaar-based eKYC facility for rural banking

Last Updated: Wednesday, February 26, 2014, 18:54

The facility, which uses the Aadhar database, will enable a bank account to be opened within 24 hours as against the 7-15 days taken in villages at present, said a senior bank official.

Public sector bank staff start two-day strike; operations hit

Last Updated: Monday, February 10, 2014, 12:50

Private sector banks such as ICICI Bank, HDFC Bank and Axis Bank were functioning normally because their staff are not on strike.

LIC stake in Axis Bank crosses 10%

Last Updated: Wednesday, January 22, 2014, 16:38

The stake of country's largest life insurer LIC in Axis Bank has crossed 10 percent after it picked up the private lender's shares through open market transactions.