Axis Bank Current Affairs, GK & News

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 by the Reserve Bank of India. Why is Current Chest in news recently? A private security guard has looted Rs 4.04 crores from the currency chest of ..

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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 intelligent human-like dialogue, through its multilingual voice bot, named as AXAA. Details Axis Bank’s ‘AXAA’ uses the next-generation multilingual voice AI platform developed by the startup, built ..

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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 ..

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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 ..

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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 Testing and Quality Certification (STQC) certified and UIDAI compliant registered devices with completely integrated iris sensors. How it works? The transaction process through iris scan is very ..

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