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RBI imposes Rs 27-crore penalty on 13 banks

RBI imposes Rs 27-crore penalty on 13 banks

Reserve Bank of India (RBI) has imposed Rs 27-crore penalty on 13 public and private sector banks of the country for violation of Know Your Customer (KYC) norms.

Read to know how much interest these private banks offer on savings accounts!

Read to know how much interest these private banks offer on savings accounts!

Read to know how much interest these private banks offer on savings accounts!

Vodafone appoints six investment banks for $3billion India IPO

Vodafone appoints six investment banks for $3billion India IPO

Telecom major Vodafone is getting closer to its initial public offering (IPO) plan in India and the company has already selected investment bankers for the issue.

ICICI, Axis cut home loan rate by up to 0.25%

The move follows rate cuts initiated by leading players State Bank of India and HDFC Ltd in the past few days.

Now pay Rs 20 for more than 3 ATM uses at SBI, HDFC Bank, Axis

Banking consumers will have to pay more if they are prolific with ATM transactions as largest lender SBI and its private sector peers HDFC Bank and Axis Bank have capped the free-usage at three in six metros.

Cobrapost expose: RBI penalises Axis, HDFC, ICICI banks

RBI imposed a penalty of Rs 5 crore on Axis Bank, Rs 4.5 crore on HDFC Bank and Rs 1 crore on ICICI Bank.

Some truth in Cobrapost expose, will take action: Subbarao

There is "some truth" in Cobrapost's allegations of wrong doings by banks and RBI has issued notices to their managements, central bank Governor D Subbarao said Thursday.

Cobrapost sting: I-T issues notices to ICICI, Axis, HDFC banks

The department has asked these banks to produce documents for verification as part of its tax evasion probe.

FIIs up stake in ICICI, Axis, HDFC Bank; non-institutions sell

Overseas investors seem to be on a share purchase spree in the country's three leading private sector lenders -- ICICI Bank, HDFC Bank and Axis Bank -- even as non-institutional investors are turning bearish.

Axis AMC launches 'Axis Focused 25 Fund'

The equity fund offer will be opened for subscription till June 25, and people can invest through monthly instalments of Rs 1,000 or a one-time investment of Rs 5,000, the company said.

Yahoo launches web browser 'Axis'

American web giant Yahoo has launched a web browser called Axis, in a bid to define the company and its goals.