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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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Fake bank apps may have stolen thousands of customers account

Wednesday, October 24, 2018, 8:14 PM

Fake apps of SBI, ICICI, Axis Bank, Citi and other leading banks are available on Google Play, which may have stolen data of thousands of bank customers, claims a report by IT security firm Sophos Labs. These fake android apps have logo of respective banks which makes it difficult for customers to differentiate between the fake and original apps, it said.

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