Axis Bank: GK, Current Affairs, Questions, Trivia and News

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 the banks with collection accounts will have to transfer funds to the current account and  the current accounts could be opened only with the lead bank of ..

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. ICICI Bank was at number 2 and SBI was ranked 11th in the list. Customers were asked to rate banks on overall recommendation and satisfaction, as well ..

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 service for its retail customers in India to receive payments from RAKBANK in UAE and for its corporate customers in India to receive payments from Standard Chartered ..

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 to help the bank take a significant step towards digital distribution of financial products. The platform provides access to agile customer-facing technology, which will help the bank ..

Axis Bank ties up with Ahli United Bank for remittance

Axis bank, the 3rd largest private sector lender tied up with Bahrain’s Ahli United Bank for inward remittances. What does this tie up would bring in for customers of Ahli United Bank? Any person having an a/c with Bahrain’s Ahli United Bank can transfer money to a bank account holder in India using the Internet ..

News Today: November 30, 2011

“Rann Utsav”: Desert festival from December 15, 2011 The Rann Utsav, a grand fiesta in the white desert of Kutch in Gujarat, will be held this year from December 15, 2011 to January 15, 2012. The festival, a tourist’s delight, is a brainchild of Chief Minister Narendra Modi and Gujarat government arranges it with an ..