Topic: Axis Bank
Axis Bank- Citibank Deal
Citigroup has announced that Axis Bank will be acquiring Citibank’s India consumer business for an amount of USD 1.6 billion in an all-cash deal. This transaction will be...
What are AT1 bonds?
India’s largest lender State Bank of India (SBI) announced on September 3, 2021 that it has raised Rs 4,000 crore through additional Tier 1 (AT1) bonds. Key Points...
What is Currency Chest?
Currency Chests are places where RBI (Reserve Bank of India) stocks money meant for banks and ATMs. The Currency Chests are located in different banks and are administered...
Axis Bank to launch AI-powered multilingual voice bot ‘AXAA’
Axis Bank has partnered with a Bengaluru-based startup, Vernacular.ai, an AI-based SaaS Voice automation platform, in order to optimize voice AI solutions and help automate customer interactions through...
RBI proposed strict rules to open and run current accounts of corporate borrowers
Reserve Bank of India (RBI) would propose strict rules on opening and operating current accounts of corporate borrowers to prevent the diversion of funds. RBI had notified that...
HDFC Bank recognized as India’s No. 1 Bank: Forbes Magazine
As per Forbes World’s Best Bank survey, HDFC Bank has been recognized as number 1 bank by customers in India. HDFC Bank emerged as India’s No 1 bank.... Axis Bank first to introduce iris authentication for Aadhaar-based transactions
Axis Bank became first bank in the country to introduce Iris Scan Authentication feature for Aadhaar-based transactions through its micro ATM tablets. These micro ATM tablets are Standardisation... Indian Army inks MoU with Axis Bank on Defence Salary Package
Indian Army has signed Memorandum of Undertaking (MoU) with Axis Bank on Defence Salary Package. The first MoU between Axis Bank and Indian Army was signed in 2011...Axis Bank launches ripple-powered instant payment service for retail and corporate customers
Private sector lender Axis Bank has recently launched instant international payment services using Ripple’s enterprise blockchain technology solution for retail and corporate customers. The bank has launched a...Axis Bank acquires Snapdeal-owned mobile wallet FreeCharge
Axis bank has acquired Snapdeal-owned mobile wallet FreeCharge in an all-cash deal worth Rs 385 crore to strengthen its position in the payments space. This acquisition is expected... Axis Bank launches India's first certified green bond at London Stock Exchange
Axis Bank has launched India’s first internationally-listed certified green bond to finance climate change solutions around the world at London Stock Exchange (LSE). The proceeds of the bond...
