Amitabh Chaudhry Re-Appointed as MD and CEO of Axis Bank by RBI Introduction to Amitabh Chaudhry’s Re-Appointment In a significant development for the banking sector, the Reserve Bank of India (RBI) has re-appointed Amitabh Chaudhry as the Managing Director and Chief Executive Officer (MD & CEO) of Axis Bank. This decision underscores the confidence placed…
India’s First Blue Loan of $500 Million: IFC Partners with Axis Bank Introduction to Blue Loans The International Finance Corporation (IFC) has announced its partnership with Axis Bank to provide India’s first blue loan, amounting to $500 million. This landmark initiative aims to enhance the country’s efforts towards sustainable development and marine conservation. Blue loans…
RBI Fines Axis Bank and HDFC Bank for Non-Compliance: What You Need to Know Overview of the News In a significant regulatory action, the Reserve Bank of India (RBI) has imposed substantial fines on Axis Bank and HDFC Bank for non-compliance with certain regulatory norms. This move underscores the RBI’s ongoing efforts to enforce adherence…
Axis Bank Acquires Additional Stake in Max Life Insurance for ₹336 Crore Board Approval Axis Bank’s Board of Directors, through its Acquisitions, Divestments, and Merger Committee, approved the acquisition of an additional stake in Max Life Insurance. The proposal, approved on June 19, 2024, involves an investment of ₹336 crore, increasing Axis Bank’s shareholding in…
Axis Bank and Mastercard Introduce NFC Soundbox Axis Bank, in collaboration with Mastercard, has launched an innovative NFC (Near Field Communication) Soundbox. This device aims to revolutionize the payment experience for merchants and customers alike, offering a seamless and efficient method of transaction confirmation. The introduction of the NFC Soundbox is a significant advancement in…
Axis Bank Re-appoints Amitabh Chaudhry as MD & CEO for Three More Years Axis Bank, one of India’s leading private sector banks, has announced the re-appointment of Mr. Amitabh Chaudhry as its Managing Director (MD) and Chief Executive Officer (CEO) for another three years. This decision comes after careful consideration by the board of directors…
Axis Bank Partners with IRMA to Promote Financial Inclusion and Literacy in India Axis Bank, one of India’s leading private sector banks, has recently joined hands with the Institute of Rural Management Anand (IRMA) to launch a groundbreaking initiative aimed at promoting financial inclusion and literacy across the nation. This partnership marks a significant step…
Axis Bank Introduces Infinity Savings Account with Zero Domestic Transaction Fees Axis Bank has recently unveiled its new savings account offering, the “Infinity Savings Account,” which comes with a remarkable feature – zero domestic transaction fees. This move has significant implications for students preparing for various government exams, including those aspiring to become teachers, police…
Axis Bank Partners with RBI Innovation Hub to Launch Kisan Credit Cards Axis Bank recently announced a groundbreaking partnership with the Reserve Bank of India (RBI) Innovation Hub to introduce Kisan Credit Cards (KCC) for farmers. This initiative is set to bring about a significant transformation in the agricultural credit landscape of the country. Why…
Axis Bank business management solution : Axis Bank Launches Business Management Solution for Merchants Axis Bank, one of India’s leading private sector banks, has recently launched a new digital solution for merchants that aims to simplify their business management tasks. The solution, called “Merchant Suite,” offers a range of features that enable merchants to manage…
