Page 32 - Axis Bank

Axis Bank assures govt of action against errant officials

Earlier this week, ED arrested two Axis Bank managers here and seized 3 kg gold bars

Axis Bank: Sentiment will take a while to improve

Street doesn't attribute much to reports of fraud in a few accounts but the air of uncertainty could weigh on its stock

I-T finds 12 fake accounts in Delhi's Krishna Nagar branch of Axis Bank

The I-T department is trying to analyse the quantum of transactions through these fake companies

I-T raids Axis bank in Noida, finds Rs 60 cr in 20 shell company accounts

The Axis bank branch at sector 51 in Noida was raided

Crackdown: Now, Axis Bank suspends accounts of some jewellers, bullion dealers

The move is likely to curtail imports by the world's second-biggest gold consumer this month and could weigh on global prices already near their lowest level in ten months.

RBI denies plans to cancel Axis Bank's licence

Recently, Axis Bank has suspended 19 of its employees for being involved in money laundering

Axis Bank denies media report of threat to its banking licence

The statement by Axis was in response to a report on Saturday in local Hindi daily Dopahar that suggested the bank could lose its license over alleged money laundering activities involving the suspended employees.

Axis Bank, country's top gold importer, suspends bullion dealers accounts

Narendra Modi scrapped 500-rupee and 1,000-rupee banknotes on Nov. 8 in a bid to flush out cash earned through illegal activities

I-T dept conducts survey at Axis Bank Delhi branch

Axis Bank said it is cooperating with the agency

I-T raid on Axis Bank branch in Delhi, 44 fake accounts with cash deposits of Rs 100 cr identified

Officials were quoted, as saying that, over Rs. 450 crores were found in these fake accounts

Axis managers under IT scanner after Rs 3.5 cr recovery

Bank claims of following due procedure

Axis Bank: After rise in NPAs, recovery hopes shift to FY18

In Q2, with loans turning into non-performing assets jumping to Rs 7,288 crore, concerns increase significantly

Axis Bank net profit plunges 83% as bad loans rise by over 5 times

As a result of higher NPAs, the lender also saw some pressure on net interest income and net interest margins

Axis Bank falls over 5% on weak Q2 earnings

The stock plunged 7% to Rs 490 on BSE in early morning trade.

Fund managers shift focus from Axis Bank to other lenders

Acted much before the bank counter came under selling pressure, sold 60 million shares worth Rs 3,560 crore in August

Axis Bank, BHU team up for banking courses

The courses will be designed to introduce the students to functioning of banking industry in India

IFCI to sell entire stake in ACRE to Axis Bank

Shares of IFCI were trading 1.96 per cent higher at Rs 28.60 apiece from their previous close on the BSE

Axis Bank to buy over 13% stake in ACRE from IFCI at Rs 22 cr

ACRE, an asset reconstruction company, is engaged in the acquisition of assets (NPAs) from banks/FIs and their resolution

Axis Bank gives shapes to its innovation lab

Ties up with AWS, OCBC Bank to support startups incubated at its accelerator

YES Bank, Axis Bank, Asian Paints hit 52-week highs

LIC Housing, Dewan Housing, Shree Cement, Trent, Sundram Fasteners and Shriram City Union Finance hit 52-week highs.