Wednesday, July 17, 2019, 9:17 PM
The bank recapitalisation bill from FY18 to FY20 stands around Rs.2.69 crore, double the amount invested in the first 45 years (estimated to be around Rs.1.5 lakh crore) since the country's banks were nationalised, reports The Times of India. With Rs.3.8 lakh crore injected between FY11 and FY20, the last decade has seen the government consistently infuse capital into public sector banks (PSBs).
Wednesday, July 17, 2019, 8:42 AM
Total bad loans of commercial banks declined by Rs.1.02-lakh-crore to Rs.9.34-lakh-crore in the 2018-19 fiscal on the back of steps taken by the government, Finance Minister Nirmala Sitharaman said. Sitharaman said the SCBs effected record recovery of Rs.4,01,424 crore over the last four financial years, including record recovery of Rs.1,56,746-crore during 2018-19 ( provisional data for 2018-19, as reported by RBI on July-9, 2019).
Thursday, June 27, 2019, 3:33 PM
Shares of Axis Bank fell over 2 percent from the day's high of Rs 806.65 in Thursday's session on a Bloomberg report, suggesting that the lender was considering raising at least $1.3 billion through a share sale to institutional investors. Earlier in the day, the stock opened at Rs 789.35 on BSE against its previous closing of Rs 788.95.
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.
Friday, April 12, 2019, 6:44 PM
Instant messaging service WhatsApp may take-up to five-months to fully localise its payments data in India and go live, said two-bankers in know of matter, after a-test-launch of its payments service among a-limited-number of users faced stiff opposition from competitors last-year. The company does not share details of exact-number of users on its platform, but sources said it may be in range of 7L.
Tuesday, February 12, 2019, 5:59 PM
GR Gopinath, founder of Deccan Aviation Ltd (DAL), is under the scanner of investigative agencies for his alleged role in the debt default by fugitive economic offender Vijay Mallya-founded Kingfisher Airlines, said people with knowledge of the matter. They are examining Gopinath's part in signing the "instruments" through which the "diversion" of loans from State Bank of India was allegedly caused, they said.
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.
09 January 2019, Wednesday
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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.
Tuesday, November 27, 2018, 8:35 PM
HSBC has raised its rating on Indian equities to "neutral" from "underweight" in a regional context on Tuesday, citing recent underperformance and more reasonable valuations. "Since end-August, India underperformed because of issues in local banks, currency weakness and oil price volatility," HSBC analysts said in a note. Despite recent underperformance, these risks remain for Indian equity market.
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