Tag Archives: Axis Bank

Bain Capital to invest in Axis Bank

Reported by | Updated: November 15, 2017

Axis Bank has received an investment of $1.8 billion from a Bain Capital-led consortium. This largest ever private equity transaction is expected to help shore up the bank’s capital base. The bank has been having a series of disappointing earnings. The bank said it will raise Rs 11,626 crore in a share and warrants sale […]

Axis Bank faces NPA issue in consortium lending

Reported by | Updated: October 23, 2017

Indian banks are facing the prospects of their bad loans rising by Rs 40,000 crore mark as 8 consortium accounts of Axis Bank have been classified as NPA by the RBI. The central bank had recently announced that it had directed Axis Bank to carry out reclassification of its assets and provisioning as on March […]

New home loan from Axis Bank

Reported by | Updated: August 18, 2017

Axis Bank has come out with ‘Shubh Aarambh home loans’, under which customers can avail of loans of up to Rs 30 lakh and they will be given ‘waiver’ of 4 EMIs during every 4th, 8th and 12th year of the loan provided they are regular in repayments. The waiver will be in the form […]

Shikha Sharma reappointed MD & CEO, Axis Bank

Reported by | Updated: August 1, 2017

Shikha Sharma has got another three-year term as MD and CEO of Axis Bank. The new term begins in June 2018. The board of the bank has approved the re-appointment. Sharma’s term was due to end in June 2018. Reserve Bank of India rules allow banks to choose a CEO only for three years, although […]

Axis Bank introduces biodegradable cards

Reported by | Updated: June 7, 2017

Axis Bank has introduced biodegradable prepaid gift cards to mark the World Environment Day. The bank’s head of payments business Sangram Singh said consumers as well as institutions are growing conscious of the environment and ecological footprint of business activities and are looking for environmental friendly solutions. The card made of biodegradable plastic will help […]

Digi Prayas from Axis Bank

Reported by | Updated: June 5, 2017

Axis Bank is implementing an initiative to provide financial literacy to some 80,000 people across the country. Called ‘Digi-Prayas’, the initiative is expected to help people to be financially literate, digitally aware and be active on various modes of digital banking. The bank intends to take up the initiative in 24 selected villages across the […]

Axis Bank introduces new app for mobile banking

Reported by | Updated: May 17, 2017

Axis Bank is undertaking a plan to migrate its customers not using smartphones to mobile banking platform by eliminating the complexities and the use of internet.  According to Rajiv Anand, ED and head of Retail at the bank, around 66% of individual customer transactions are from digital channels and over half of them are from […]

Axis Bank sells stake in Experian

Reported by | Updated: February 8, 2017

Axis Bank said it is selling 14 million equity shares it holds in Experian Credit Information Co of India. The sale is expected to fetch of Rs64 crore. The bank holds 10% stake in the company. The sale is expected to be completed by April after approval from the RBI. Experian, established in 2006, is […]

Axis Bank’s new campaign focuses on mother

Reported by | Updated: February 6, 2017

Axis Bank has launched a new television commercial showcasing the efforts of a mother. The advertisement, titled ‘Specially for you, Mom’, looks at the emotional relationship mothers would have with money from a daughter’s perspective. Lowe Lintas Mumbai has conceptualized the TVC, which shows the mother in different situations and highlights how she has always […]

Axis Bank uses blockchain for money transfer

Reported by | Updated: January 16, 2017

Axis Bank has used a blockchain solution for cross-border remittances, the bank said in a statement. It becomes the third bank in India to make use of blockchain technology for operations after ICICI Bank and YES Bank. The bank’s deputy managing director V. Srinivasan said the bank is committed to using innovation in technology to […]

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