Axis

  • Government sells Axis Bank stake for over $900 million: sources 21-03-2014 01:49 PM

    Mumbai: The government has raised more than $900 million by selling a 9 per cent stake in Axis Bank Ltd, two sources with direct knowledge of the development said on Friday. The government held 20.7 per cent in Axis Bank, India's third-largest private-sector bank by assets, via a trust fund...
  • Sensex ends 67 points up to end at record close 05-03-2014 04:36 PM

    Mumbai: The benchmark Sensex on Wednesday extended gains by rising 67 points to end near its record close on sustained buying driven by positive global cues. Thawing of Ukraine crisis and upbeat economic data from China helped domestic markets, said traders. After gaining 263.08 points in the previous session, the...
  • Sensex rises 66 points to end at 20,376.56 07-02-2014 09:47 AM

    Mumbai: The Sensex on Friday rose for the fourth straight day and ended 66 points up at one-week high levels led by gains in Tata Steel, Sun Pharma and Sesa Sterlite, amid volatility ahead of advance growth estimates for 2013/14. The index, which had gained 101 points in the previous...
  • Sensex at record high of 21,337.67; pharma, metal shares gain 22-01-2014 09:09 AM

    Mumbai: The BSE benchmark index Sensex on Wednesday closed at record high of 21,337.67 points gaining 86.55 points as buying emerged in pharma, metal and banking stocks on expectations of strong corporate earnings and rate cut by the Reserve Bank. The 30-share barometer, which rose for the third straight day,...
  • Sour start to 2014: Sensex plunges 30 points, logs first day-1 drop since 2006 01-01-2014 09:57 AM

    Mumbai: The benchmark Sensex gave up initial gains in a lacklustre session today following the absence of global triggers and ended with a 30-point loss, logging a drop on the opening trading day of the year for the first time since 2006. Most global stock markets, including those in Asia,...
  • Four Indians make to Fortune top 50 women business leaders 20-10-2013 12:15 PM

    Four Indians led by ICICI Bank CEO Chanda Kochhar have made to Fortune magazine's global list of top-50 women business leaders, while PepsiCo chief Indra Nooyi has been ranked second in a similar list for the US. Kochhar has been ranked fourth, followed by National Stock Exchange chief Chitra Ramkrishna...
  • Gang of robbers loot Rs 3.80 cr from cash delivery van in Thane 28-08-2013 10:57 PM

    In an audacious daylight heist, a six-member gang robbed Rs 3.80 crore from a van, carrying cash to be delivered at an ATM kiosk, at Nalasopara in this district adjoining Mumbai on Wednesday, police said. The robbery took place around 3.30 pm near the ATM of Axis bank at Pathankar...
  • ICICI Bank raises base rate by 0.25 per cent to 10% 22-08-2013 07:32 PM

    Mumbai: ICICI Bank, the country's largest private sector lender, on Thursday increased its lending rate by 0.25 per cent to 10 per cent with effect from Friday. The bank also effected a similar hike in its prime lending rates, which will be applicable to existing customers who are on the...
  • ATM skimming case: Police to seek information from Bulgaria 27-06-2013 12:46 AM

    Mumbai: Police will be issuing a letter rogatory (LR) to the Bulgarian Government in connection with its probe into the ATM skimming case where cloned debit cards were used to withdraw money from 37 accounts. During its probe, police had identified two Bulgarians Evanov (27) and Tsenev (28), who fitted...
  • Axis ATM skimming case: Police identifies 2 Bulgarian nationals 23-06-2013 02:15 PM

    Mumbai: Police have identified two Bulgarian nationals while scrutinising CCTV footage of the ATMs in Mumbai in the ATM skimming case where cloned debit cards were used to withdrawn money from 37 accounts. A total of 37 Axis bank accounts were hacked into and money was withdrawn from ATMs in...
  • Private banks step up hiring; top-five add over 15,000 staff 16-06-2013 01:07 PM

    Leading private sector lenders are in top gear when it comes to expanding their headcount and just five of them, including ICICI Bank and HDFC Bank, added more than 15,000 employees to their payrolls in the last fiscal. The expanded workforce also seems to be giving them rich dividends in...
  • Mumbai: Axis Bank reverses amount fraudulently withdrawn from accounts 15-06-2013 11:11 AM

    Mumbai: Axis Bank has reversed the amount withdrawn fraudulently from 37 accounts, including 12 being operated by Mumbai policemen. The accounts had been hacked and Rs 16 lakh withdrawn fraudulently through ATMs in Greece. Axis Bank spokesperson said, "A small number of our customers' accounts (less than 50) have been...
  • Salary accounts of Mumbai policemen hacked 14-06-2013 01:01 PM

    Mumbai: The salary accounts of many Mumbai Police personnel have been hacked. The Mumbai Police has formed a team headed by a DCP to investigate the hacking of salary accounts. The bank has been asked to investigate and give a report to the team. The police are in the process...
  • Cobrapost expose: RBI penalises Axis, HDFC, ICICI banks 10-06-2013 06:41 PM

    Mumbai: Three private banks, caught in the Cobrapost sting operation, have been let off the hook with paltry penalties. The Reserve Bank of India on Monday imposed penalties on Axis, ICICI and HDFC banks after a sting operation by online magazine Cobrapost exposed many loopholes. RBI imposed a penalty of...
  • Some truth in Cobrapost expose, will take action: RBI 30-05-2013 11:20 PM

    Ahmedabad: There is "some truth" in Cobrapost's allegations of wrong doings by banks and RBI has issued notices to their managements, central bank Governor D Subbarao said on Thursday. "We have done study of those banks, investigated them ... We have done a larger study of those banks and we...
  • I-T dept issues notices to ICICI, Axis, HDFC banks 28-05-2013 09:59 PM

    New Delhi: Income Tax department has issued notices to three top private lenders in the country - ICICI Bank, Axis Bank and HDFC Bank - in connection with alleged money laundering charges levelled by online portal Cobrapost. The department has asked these banks to produce documents for verification as part...
  • RBI probes Cobrapost report, reveals major violations by banks 13-05-2013 01:14 PM

    New Delhi: The Reserve Bank of India is probing the Cobrapost sting operation on alleged money laundering by top banks. The RBI report has revealed major irregularities in top banks. The report shows string of violations on several counts. Sources say the RBI report reveals dummy PANs, unknown NRO IDs,...
  • Difficult to cut interest rates soon: Banks 03-05-2013 03:03 PM

    Mumbai/ New Delhi: Big banks say it will be difficult for them to pass on the benefit to customers even though the Reserve Bank of India (RBI) cut repo rate by 25 basis points on Friday even though the cash reserve ratio was left untouched. The banks say RBI's move...
  • Fire at Axis Bank in Avinashi near Coimbatore, 4 dead 25-04-2013 12:52 PM

    Coimbatore: A fire at Axis Bank in Avinashi near Coimbatore has left four people dead. All four dead were women employees of the bank. The bank was on the third floor and there was no emergency exit at the bank. The fire has been doused and the situation was brought...
  • Is it easy to launder black money through private banks? 14-03-2013 11:27 PM

    A Cobrapost expose on Thursday revealed how employees at some private banks were brazenly carrying out money laundering operations. ...
  • Money laundering by banks: Have our regulatory public institutions failed? 14-03-2013 10:09 PM

    Every rule laid down by the Reserve Bank of India has a possible loophole - that's what the bankers exposed by the Cobrapost sting claimed. ...
  • News 360: Cobrapost expose reveals brazen money laundering at banks 14-03-2013 08:36 PM

    A sting operation conducted by Cobrapost across various branches of private financial institutions, including HDFC, ICICI and Axis banks showed how bank employees were helping customers convert black money into white. ...