Axis Bank has listed its USD 600 million Additional Tier 1 sustainable bonds on IFSC exchanges at Gujarat International Finance Tec-City.
The lender said that its policies will ensure account holders from the LGBTQIA+ community people are able to nominate their partners in their bank accounts.
This is the maiden USD AT1 bond by an Indian issuer in a sustainable format and first time that the bank has accessed international bond markets after a 4-year hiatus.
The shareholders of the bank had approved the proposal in bank's annual general meeting in July.
Tata Steel was the top gainer in the Sensex pack, rising over 2 per cent, followed by NTPC, SBI, Axis Bank, HDFC Bank and PowerGrid, while Tech Mahindra and Dr Reddy's were among the laggards.
Titan was the top gainer in the Sensex pack, rising around 2 per cent, followed by Axis Bank, Bharti Airtel, HDFC, Maruti, Bajaj Finserv, Infosys and Reliance Industries.
Launched in July 2019, there are about 1.2 million such co-branded credit cards, where Mastercard is the sole card network.
Amazon Web Services (AWS) has clinched a multi-year contract for transforming the digital operations of India’s third largest private lender Axis Bank.
Axis Bank awaiting regulatory, stakeholders nod to reclassify three promoters as public shareholders
Three entities United India Insurance, National Insurance and New India Assurance have made a request to reclassify them to 'public' category from 'promoter' category.
The appointment will be subject to the approval of the Reserve Bank of India and shareholders of the bank, Axis Bank said in a regulatory filing.
Private lender sector Axis Bank expects collections to slow down in the coming weeks as the second wave of Covid-19 sweeps the country, impacting movement of executives on the ground.
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.
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.
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.