Axis Bank | The Asian Age

Tuesday, May 07, 2024 | Last Update : 10:49 AM IST

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The RBI has asked Axis Bank's board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

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

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

02 Apr 2018 7:50 PM

Digital payment discounts are on top of all other offers that Snapdeal would be running throughout the year.

Digital payment cos line up Rs 100 cr worth discounts on Snapdeal

Visa cardholders will get instant discounts using a unique code every time they shop on Snapdeal.

20 Mar 2018 1:22 PM

Axis Bank said its mobile banking spends touched Rs 51,030 crore in Q3 FY18, increasing 71 per cent YoY, thereby, reinforcing the Bank's commitment to accelerate the 'Digital India' agenda.

Axis Bank to soon process payments over WhatsApp

It is India's third largest private sector bank. The bank termed the Unified Payment Interface (UPI) as a

14 Mar 2018 12:56 PM

A notice dated January 15, 2018 was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with guidelines and directions issued by RBI. (Photo: AFP)

RBI imposes Rs 5 crore penalty on Airtel Payments Bank

RBI imposed penalty on Airtel Payments Bank for violating operating guidelines and KYC norms.

10 Mar 2018 10:54 AM

Facebook-owned app is already in the test phase of its payments application.

Axis Bank set to partner with WhatsApp for UPI

WhatsApp has tied up with ICICI Bank to launch its payment service last month.

08 Mar 2018 11:12 AM

The chief executive officers of ICICI and Axis banks, Chanda Kochhar and Shikha Sharma, were summoned for questioning Tuesday in the Nirav Modi-Mehul Choksi perpetrated PNB fraud. (Photo: PTI | File)

PNB fraud: Top bankers Chanda Kochhar, Shikha Sharma summoned

ICICI Bank led a consortium of 31 banks that lent money to Mehul Choksi’s Gitanjali group.

06 Mar 2018 11:47 AM

RBI has imposed, on February 27, 2018, a monetary penalty of Rs 30 million on Axis Bank Limited for non-compliance with directions issued by RBI on IRAC norms. (Photo: PTI)

RBI slaps Rs 3 crore penalty on Axis Bank, 2 crore on IOB

RBI carried out a statutory inspection of Axis Bank with reference to its financial position as on March 31, 2016.

06 Mar 2018 10:48 AM

Axis Bank users can avail 10 per cent instant discount.

Panasonic launches P100 on Snapdeal with big cash back offers

Lucky P100 buyers also get a chance to win special gifts of up to 10 gram gold.

27 Feb 2018 3:06 PM

SEBI had sent a direction to Axis Bank on the issue in December asking it to conduct a similar inquiry. (Photo: YouTube)

SEBI orders HDFC Bank to probe suspected results leak

SEBI ordered HDFC Bank to conduct an internal inquiry into suspected leaking of key unpublished financial information.

24 Feb 2018 10:21 AM

The bank said these fraudulent transactions had taken place over a number of years and amounted to Rs 11,400 crore. (Photo: File)

Indian banks take hit of at least Rs 17,632 cr from PNB fraud: Tax dept

As of March 2017, banks had extended loans and guarantees worth Rs 17,632 crore to companies tied to Nirav Modi and Choksi, tax dept said.

18 Feb 2018 8:47 AM

Bank's gross non performing assets were 5.28 per cent during quarter under review, compared to 5.22 per cent a year ago. (Photo: PTI)

Axis Bank's Q3 net profit up 25 per cent at Rs 726 crore

Axis Bank's scrip was trading at Rs 618.45 a share on BSE, up 4.78 per cent.

22 Jan 2018 3:34 PM

Bank will work with Sebi and the best experts in the field to investigate the matter and will take action as appropriate.

Axis Bank dives 2 per cent after Sebi order to probe data leak

The stock slumped to a low of Rs 544.35, down 1.83 per cent from its previous close on the BSE.

28 Dec 2017 10:44 AM

The actual results were announced at exchanges on July 25, 2017 at 4:23 PM while the message was in circulation on July 25, 2017 since 9:12 AM.

Axis Bank told to conduct inquiry on leak

The bank has also been directed to strengthen its internal control and processes to ensure that such leakage of UPSI do not recur in future.

28 Dec 2017 12:09 AM

The bank's board had earlier approved the proposal to raise the money on November 10.

Axis Bank gets shareholder nod to raise Rs 11,626 crore

Axis Bank will mop up Rs 9,063 crore through share sale and Rs 2,563 crore from sale of warrants.

09 Dec 2017 11:37 AM

Board of the bank approved the sale of up to 17.2 crore shares at Rs 525 each and 4.5 crore convertible warrants at Rs 565 each on a preferential basis. (Photo: PTI)

Axis Bank to raise Rs 11,626 crore from investors

Bank will raise Rs 9,063 crore from the share sale and Rs 2,563 crore from the sale of warrants.

11 Nov 2017 11:09 AM

At NSE, shares of the company soared 8 per cent to end at Rs 523.15.

Axis Bank shares surge 8 pc, mcap rises by Rs 9,295 cr

In terms of equity volume, 24.36 lakh shares of company were traded on BSE and over 3 cr shares changed hands at NSE.

01 Nov 2017 9:19 AM

Bank expanded its credit costs guidance, which denotes a jump in provisions it expects, by 0.35 per cent.

Axis Bank laggard, non-prudent in recognising NPAs: Moody's

Axis Bank which is rated Baa3 with a stable outlook by Moodys, reported a 24 per cent increase in NPAs.

26 Oct 2017 3:43 PM

Shares of Axis Bank on Wednesday tumbled over 9 per cent following rise in bad loans in the second quarter ended September 30. (File Photo)

Axis Bank shares tank 9 per cent post bleak Q2 earnings

The stock after making a weak opening further tanked 8.51 per cent to Rs 469.50 on BSE.

18 Oct 2017 12:51 PM

Total income increased to Rs 13,821 crore in the period under review from Rs 13,698.7 crore. (Photo: PTI)

Axis Bank Q2 net profit rises 38 per cent to Rs 432 cr

Bank had posted a net profit of Rs 319 crore for the July-September period of 2016-17.

17 Oct 2017 5:40 PM

Axis Bank said the Reserve Bank has asked it to finalise the resolution plan for 12 accounts by December 13.

RBI directed resolution of 12 bad loan accounts by December: Axis Bank

It said around 75 per cent of the outstanding was secured and the provision held for this outstanding was Rs. 862 crore.

02 Sep 2017 11:26 AM

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Aakar Patel