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Axis Bank

LIC cuts 2% stake in Axis Bank

LIC sold 5,25,06,202 shares through open market, the filing said without disclosing the sale value.

Jun 25, 2019, 10:08 AM IST

Mitti Ke Sitare: Providing A Platform To Hidden Talents Across Indigent Areas of Mumbai

‘Mitti Ke Sitare’ is a social initiative by renowned social activist and Vice President-Corporate Head with Axis Bank, Mrs. Amruta Fadnavis organized by Divyaj Foundation, in association with MPower Foundation, to provide a platform for the hidden talents across indigent areas of Mumbai. To conduct this social welfare project, Divyaj Foundation associated with 1187 MCGM schools to connect, identify and select children from the underprivileged sector - those who are blessed with talent but lack resources to improve themselves.

Jun 24, 2019, 09:54 AM IST

Top private sector banks cut interest rates on deposits by up to 0.25%

Generally, an interest rate cut in deposits is seen as a precursor to a lending rate cut. The moves by lenders including ICICI Bank and Axis Bank come amid easing liquidity conditions and also within days of a rate cut by the Reserve Bank earlier this month.

Jun 18, 2019, 10:16 AM IST

Fitch downgrade ICICI Bank, Axis Bank rating by a notch

Fitch said it took the rating action after lowering its midpoint for India's operating environment to 'bb+' from 'bbb-' following a review of the banking sector's performance, particularly in the last three years, the regulatory framework for the sector, and the outlook in the near term.

Jun 04, 2019, 10:25 AM IST

RBI penalises UCO Bank, Axis Bank and Syndicate Bank

RBI penalised the banks over deficiencies in complying with different regulatory norms.

Feb 06, 2019, 17:49 PM IST

Axis offers home-loan with higher principal repayment component

However, the interest outgo for a borrower has been kept at a higher level of 9.05-9.25 percent as against 8.85- 9.05 percent for the older product.

Dec 13, 2018, 12:38 PM IST

Axis Bank Q2 net profit jumps 83% to Rs 790 crore

The bank had registered a net profit of Rs 432 crore in the July-September quarter of 2017-18, according to a statement by the bank.

Nov 02, 2018, 16:59 PM IST

Axis Bank shares up 1%

The stock was the biggest gainer among the 30-blue chips.

Sep 10, 2018, 17:27 PM IST

Axis Bank appoints Amitabh Chaudhry as MD and CEO, to take charge from January 1

Chaudhry, the MD & CEO of HDFC Standard Life Insurance Company at present, will take the charge at India's third largest private sector bank after incumbent Shikha Sharma steps down on December 31, 2018.

Sep 08, 2018, 20:39 PM IST

Axis Bank launches AI-powered chatbot for customers

The chatbot is hosted on the home page of the bank's website.

Jun 11, 2018, 10:06 AM IST

Indian Army inks MoU with Axis Bank for defence salary package

The Indian Army on Friday signed a Memorandum of Undertaking (MoU) with Axis Bank on the Defence Salary Package. The current MoU is tailor-made to suit the requirements of serving soldiers, pensioners and families.

Apr 14, 2018, 00:09 AM IST

Axis Bank shares surge over 5%; mcap increases by Rs 7,212 crore

The stock was the biggest gainer among the bluechips on Sensex and Nifty.

Apr 10, 2018, 17:20 PM IST

RBI bars Axis Bank from importing bullion for FY19

Axis Bank was one of the leading importers for gold and silver among all the 19 lenders which were given the licence last year.

Apr 04, 2018, 11:48 AM IST

RBI asks Axis Bank to re-consider another term for Shikha Sharma as MD

The move comes against the backdrop of persisting concerns over mounting Non-Performing Assets (NPAs) in the banking system.

Apr 03, 2018, 10:31 AM IST

Axis Bank's rating unaffected by not honouring guarantee: Fitch

The agency has a 'BBB-' rating with a stable outlook on the Shikha Sharma-led bank.

Mar 26, 2018, 15:18 PM IST

Axis Bank to process payments over WhatsApp soon

Axis Bank enjoys 20 percent market share in the UPI space.

Mar 14, 2018, 08:26 AM IST

RBI slaps penalty of Rs 3 crore on Axis Bank, 2 crore on Indian Overseas Bank

Axis Bank attracted fine for flouting NPA norms and state-run Indian Overseas Bank for KYC breach.

Mar 05, 2018, 20:31 PM IST

We need to create better credit culture for long-term benefits: Axis Bank chief Shikha Sharma

Axis Bank chief also said that defaulting promoters must be barred from bidding for their assets during insolvency proceedings.

Mar 04, 2018, 18:23 PM IST

WhatsApp leak case: Sebi orders Axis Bank to probe results leak, beef up systems

Sebi began a probe last month after a media report surfaced with respect to circulation of Unpublished Price Sensitive Information (UPSI) in various private WhatsApp groups about certain companies, including Axis Bank, ahead of their official announcements.

Dec 27, 2017, 20:46 PM IST

Markets retreat from record highs; Axis Bank slumps over 9%

The benchmark Sensex fell as much as 0.44 percent to 32,464.40, while the Nifty looked set to snap a four-session win streak, losing as much as 0.49 percent to 10,184.35.

Oct 18, 2017, 11:53 AM IST