Updates include changes to finance/interest charges, NACH payment failure fees, cash payment fees, late payment charges, reward redemption fees, and fees for online skill-based gaming
Zero rental fees on small and medium lockers for the first year, followed by a 50% discount from the second year
Stocks to Watch, Dec 12: From Swiggy to Jubilant Foodworks, here are some stocks that will be on investors radar today
A bench of the court issued the notice to the parties for disobeying the court's orders to refund the money to DMRC that it had deposited in the escrow account
A rate cut will not be possible for the next 13-14 months due to the inflation outlook, said Mishra, who is also a part-time member of the PM's Economic Advisory Council
From the robust banking and financial services domain, Axis Bank and Nippon AMC make the cut. The auto industry sees Maruti Suzuki and Samvardhana Motherson International (SAMIL) in the spotlight
Credit card updates relate to reward point structures, fees, and payment conditions, impacting various customer categories
Stocks to Watch, Dec 3: From Adani Group to Cipla here are few stocks that will be eyed today
Options under consideration include absorbing non-banking financial company (NBFC) into bank, pursuing a public listing, or reducing its shareholding in NBFC below a specified threshold
''Our ambition at that time was to become the number one player in our identified areas of businesses''
Private lender Axis Bank on Wednesday said the asset book of its IFSC Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar has doubled to USD 4 billion from USD 2 billion in 2019. The bank unveiled a spacious IBU office at GIFT City here that spans nearly 8,000 square feet and is nearly three times bigger than the previous facility located here. "In terms of size, today our asset book here is a little over USD 4 billion, which is among the largest in GIFT City. Similarly, on the liability side, we have a USD 1 billion deposit, which once again makes us among the highest in terms of deposits as well...from USD 2 billion in 2019, we have doubled our asset book," its Deputy Managing Director Rajiv Anand told mediapersons. "The office is an expression of our ambition aligned with the ambition for GIFT City to serve our customers. We continue to show very solid growth on multiple fronts," said Axis Bank's President and Head of Wholesale Banking Products
In FY25 so far, banks have raised Rs 8,000 crore through perpetual bonds. In comparison, banks raised Rs 20,706 crore in FY24 and Rs 31,394 crore in FY23
OfBusiness aims to seek approval for the IPO from India's market regulator between March and June
Bajaj Finance, one of the largest unsecured lenders, is cutting the number of clients with multiple loans, according to a presentation
Axis Bank spent nearly two years on so-called 'hyperpersonalization' for its app, which includes nudges for customers when their salaries get deposited or when bills come due, its digital head said
Private sector lenders Yes Bank and Axis Bank have subscribed to 30 per cent of the issue size as anchor investors. They are also the arrangers of the issue
Capital market regulator Securities and Exchange Board of India has issued a show cause notice (SCN) to Axis Bank and its subsidiaries in a case related to stake buy in Max Life Insurance. In a regulatory filing, Axis Bank said the SCN was issued on October 25 through email. Axis Bank, and its subsidiaries, Axis Securities Limited and Axis Capital Limited, have received an SCN through email from the Sebi, it said. The SCN is being reviewed and will be filing responses to the SCN with Sebi as the said transactions were undertaken with requisite regulatory approvals, it said. Meanwhile, Max Financial Services Limited, the holding company of Max Life Insurance also said a few directors and a few key managerial personnel of the company (in each case, 'both past and present) have received a SCN through email from Sebi. Earlier this year, the Axis Bank's board of directors approved the proposal to acquire Max Life shares, raising Axis entities' total holding in the insurance firm to 19.
The Bank has received the RBI's approval for the re-appointment of Amitabh Chaudhry as the MD & CEO for another 3-year term
Axis Bank share price: Brokerages have cut their earnings forecast by up to 5 per cent over FY25-27 to factor in Q2 results
Stock Market Today: Infosys has raised its sales forecast for FY25 to 3.75-4.5 per cent, reflecting a revival in demand, particularly in banking and financial services.