Axis Bank

Axis Bank shares climb over 6.5 per cent post earnings announcement

On a standalone basis, the third largest private sector lender reported a 70 per cent increase in its profit after tax for the July-September period at Rs 5,329.77 crore.

published on : 21st October 2022

Axis Bank net profit jumps 70% at Rs 5,330 crore

Bank’s income from investments rose at a good pace of over 27% to Rs 4,477.47 crore in the quarter, as against Rs 3,521.64 crore.

published on : 21st October 2022

Competition Commission clears Axis Bank-Citi deal

The regulator said it has cleared the "acquisition of Citibank, N.A.'s and Citicorp Finance (India) Limited's undertakings comprising of their consumer banking activities by Axis Bank".

published on : 26th July 2022

Axis Bank Q1 net up 86% to Rs 4,381 crore

 The overall non-interest income fell 11% to Rs 2,999 crore, mainly driven by a Rs 667 crore reversal in treasury operations due to mark-to-market losses as the yields harden.

published on : 26th July 2022

Private sector banks to provide financial services in overseas procurement by Defence Ministry

Till now, only authorised public sector banks were utilised to provide services like issuance of letter of credit and direct bank transfers to the ministry for overseas procurement.

published on : 7th July 2022

Axis MF says cooperating with regulatory authorities in front-running case 

Axis AMC has been conducting a Suo moto investigation since February 2022, with assistance from reputed external advisors.

published on : 30th May 2022

More banks raise MCLR as cost of deposits go up

The MPC next meets on June 6-8 where financial market analysts broadly expect rates to be raised by 35/40-75 bps.

published on : 19th May 2022

Loans set to get costlier as several banks raise MCLR

SBI raised its MCLR by 10 basis points or 0.1 percentage point across all tenures, while the other three have raised it by 5 bps, or 0.05 percent across the board.

published on : 20th April 2022

Axis Bank buys Citibank’s retail business

Purchased for $1.6 bn in an all-cash deal; to integrate 3 mn unique Citibank customers.

published on : 31st March 2022

Axis Bank rolls out 'HouseWorkIsWork' initiative; to bring educated women to workforce

The intent behind this initiative is to give these women the confidence that they are employable, they have skills and they can fit in various job roles in a bank.

published on : 8th March 2022

All India Bank Employees' Association demands nationalisation of ICICI Bank, Axis Bank in view of recent scams

AIBEA demands Union Government to Nationalise ICICI Bank and Axis Bank as there are serious charges of corruption and nepotism in sanction of loans.

published on : 14th April 2018

Axis bank writes to BSE over disclosure requirements in Nirav Modi fraud case

In wake of the fraud being detected by Punjab National Bank, Axis Bank on Thursday wrote to National Stock Exchange and Bombay Stock Exchange.

published on : 15th February 2018

Punjab National Bank identifies lenders over LoU's issued in Nirav Modi fraud case

The fraudulently issued Letters of Undertaking (LoUs) from the Mumbai branch of Punjab National Bank (PNB) were in favour of Hong Kong branches of Allahabad Bank and Axis Bank.

published on : 15th February 2018

Rs 11,363 crore fraud case: Axis Bank says has sold transactions guaranteed by Punjab National Bank

Axis Bank said on Thursday that it had dealt in transactions that had been guaranteed with letters of undertaking from Punjab National Bank, but it had since sold those transactions.

published on : 15th February 2018

HDFC Bank, ICICI and Axis to charge Rs 150 after four free transactions per month

The charges would apply to savings as well as salary accounts effective from today, leading private sector player HDFC Bank said in a circular.

published on : 1st March 2017