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Axis Bank News
WhatsApp to offer this bank's payments feature soon?
Tue, Mar 13, 2018
Whatsapp may become even more integral to its fans' lives as the messenger app is all set to offer a bank's service on its platform. India's third largest private sector bank Axis Bank today said it would soon be able to process payments over the popular chatting application 'WhatsApp'.
PNB fraud case crackdown: ICICI Bank chief Chanda Kochhar, Axis Bank MD Shikha Sharma get SFIO summons
Tue, Mar 06, 2018
Punjab National Bank (PNB) fraud case: The SFIO was investigating loans of Rs 5,280 crore to Gitanjali Gems by ICICI Bank-led consortium of 31 banks which gave loans to the company
RBI fines Axis for under-reporting NPAs, IOB for KYC lapse
Tue, Mar 06, 2018
The Rs 12,636 crore fraud at Punjab National Bank (PNB) is forcing Reserve Bank of India (RBI) to swing into action.
RBI cracks down against Axis Bank, Indian Overseas Bank, imposes hefty monetary penalty
Mon, Mar 05, 2018
RBI has imposed a Rs 3 crore penalty on Axis Bank, while on Indian Overseas Bank faces Rs 2 crore fine.
Indian regulator orders HDFC Bank to probe suspected results leak
Sat, Feb 24, 2018
The direction comes in the wake of a probe last year that prescient messages about company results had been circulated in private WhatsApp chatrooms before their official release
Sensex closes below 34,000, Nifty fails to hold 10,500
Mon, Feb 19, 2018
The Nifty PSU Bank index closed 2.38% down after falling as much as 6% during the day
PNB Fraud: Officials of other banks under scanner
Sun, Feb 18, 2018
As investigations into the Rs 11,400 crore scam at PNB gather momentum, officials at overseas branches of other banks, where the fraudulently issued Letter of Undertakings (LoUs) were encashed, are under scanner, sources said.
Nirav Modi scam: Crisil puts PNB ratings on the watch
Sun, Feb 18, 2018
Rating agency Crisil has put the scam-ridden Punjab National Bank's ratings on 'watch', following the Rs 11,400-crore fraud detected by the lender at one of its Mumbai branches.
How a jeweller 'designed' Rs 11,300 crore fraud?
Thu, Feb 15, 2018
By Anisha Nayar Dhawan Is this going to be the biggest fraud case in India's banking history? For now, it seems so. The fraud, involving state-owned Punjab National Bank (PNB), is estimated to include transactions to the tune of Rs 11,300 crore.
ONGC borrows Rs 4K cr from ICICI Bank for buying HPCL
Wed, Jan 24, 2018
The company is likely to sign-up more loan agreements to pay Rs 36,915 crore to the government before the month-end.
Axis Bank's Q3FY18 net profit comes at Rs 726 crore; gross NPAs stable
Mon, Jan 22, 2018
A Bloomberg poll of analysts estimated Axis Bank’s net profit to come in at Rs 830 crore during the quarter.
Soon, you can make payments through WhatsApp
Thu, Jan 18, 2018
WhatsApp's payments feature is highly anticipated because of the huge popularity of the app across diverse populations in India.
Facing margin pressure, Axis Bank ups loan rates by 5 bps
Wed, Jan 17, 2018
The move to increase MCLR comes days after the nation's largest lender SBI had lowered its rates
Sensex rebounds 123 points in opening trade on Asian cues
Thu, Jan 04, 2018
The 30-share index rebounded by 123.37 points, or 0.36 per cent, to 33,916.75. The gauge had lost 263.45 points in the previous three sessions.
SEBI faces legal challenge in probe over prescient messages
Sat, Dec 30, 2017
Dozens of SEBI officials raided offices and homes of brokers on Dec 22, seizing mobile phones and laptops, one regulatory source told Reuters. As many as 30 brokers were targeted in the action, according to local media.
Axis Bank dives 2% after SEBI order to probe data leak
Thu, Dec 28, 2017
Axis Bank late last night had said it would work with Sebi on the issue of 'leakage' of unpublished price sensitive information and take appropriate action.
Sebi orders Axis Bank to probe results leak, beef up systems
Wed, Dec 27, 2017
Axis Bank has to complete the inquiry within three months and file a report to Sebi within seven days thereafter, the regulator said, after it found that the company's results for the April-June 2017 quarter were "either identical or matched closely with the figures" that were in circulation on WhatsApp prior to an official announcement.
Microsoft launches Azure Stack for India
Wed, Dec 13, 2017
To further hasten Indian customers` move to the Cloud, Microsoft on Wednesday launched Azure Stack for India which is an extension of the company`s Azure Cloud platform.
Sensex zooms 195 points on strong global cues
Mon, Dec 11, 2017
Benchmark BSE Sensex advanced by 195 points in early session today on continuous buying by domestic institutional investors amid strong global leads. The NSE Nifty also went past the 10,300-mark.
Sensex falls 205 points after RBI holds rate; banks bleed
Wed, Dec 06, 2017
The wider Nifty hit a low of 10,033.35 before finishing at 10,044.10, down 74.15 points or 0.73 per cent. It had touched a high of 10,104.20 in early trade.