The card has locked-in exchange rates and the cardholder will accrue 3 award points on Club Vistara for every USD 5 or an equivalent value spent, the airline said in a press release.
Chaudhry said that the bank has received restructuring requests from both corporate and retail borrowers, and is presently formulating a framework under which such cases will be resolved.
'Gig-a-Opportunities' typically will have full-time permanent jobs and also project specific jobs with a fixed term that can finish in 8 months or a year.
The private lenders have raised Rs 10,000 crore equity capital each to enhance capital adequacy amid Covid-19 stress
The two partners will leverage the strong reach of over 3,000 Maruti Suzuki outlets and more than 4,500 Axis Bank's branch network.
While Axis Bank's asset quality is superior to the Indian banking sector average, its level of non-performing assets will likely remain high compared to international peers, it noted.
As on March, the bank’s gross and net NPAs stood at 4.86 and 1.56 per cent respectively, against 5 and 2.09 per cent, respectively as on December 2019.
Interestingly, the deal comes at a time when the economy is hit by COVID-19 crisis impacting all sectors of the economy including the financial sector.
The offer of flexibility is in line with most of its peers in the private sector such as HDFC Bank, ICICI Bank and Kotak Mahindra Bank.
The government has imposed a lockdown on various parts of the country to contain the spread of the virus, which has already claimed eight lives and infected over 400 people.
Axis Bank MD & CEO Amitabh Chaudhry said the bank is constantly monitoring the evolving situation around the pandemic and taking 'proactive steps' to safeguard all employees and customers.
The government on Friday approved a bail out plan for Yes Bank proposed by the Reserve Bank under which SBI would infuse Rs 7,250 crore in the lender for 49 per cent equity.
The petition filed by Mohnish Jabalpure alleged that Fadnavis misused his powers as chief minister to help Axis Bank at the expense of public sector lenders.
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.
In wake of the fraud being detected by Punjab National Bank, Axis Bank on Thursday wrote to National Stock Exchange and Bombay Stock Exchange.