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Robbers loot Rs 58 lakh from cash van in Hyderabad

Wednesday, May 8, 2019, 11:15 AM

A gang of robbers looted Rs.58 lakh, meant to be deposited in an Axis Bank ATM, from a cash van in Hyderabad. The robbers diverted the attention of security guards and bank staff by saying some money had fallen on the other side of the vehicle, before fleeing with the cash. The police are examining nearby CCTV footage.
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Axis Bank, Syndicate Bank, UCO Bank Penalised By RBI

Wednesday, February 6, 2019, 11:48 AM

The RBI said it has imposed a total penalty of Rs.2.2-crore on private-sector lender Axis Bank in two-separate cases. A penalty of Rs.2-crore has also been imposed on UCO Bank and Rs.1-crore on Syndicate Bank for violation of norms. The RBI said penalty of Rs.2-crore has been imposed each on Axis Bank and UCO Bank for non-compliance of norms related to payment through cheques.
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Axis Bank MD and CEO Shikha Sharma retires

Tuesday, January 1, 2019, 7:10 AM

Axis Bank said its Managing Director and CEO Shikha Sharma has retired, effective December-31, 2018. "We wish to inform you that Shikha Sharma, Managing Director and CEO of Axis Bank Limited, has retired from services of bank and has accordingly ceased to be Managing Director and CEO of the bank, with effect from close of business hours on 31st-December-2018," it said in regulatory filing.

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