Aimia announces new partnership in India with Axis Bank
01:37 May 16 2013 from PR Newswire
...the bank, and will cover a third of the bank's customer base. Customers can easily register for the program at edgerewards.axisbank.com, and once registered will earn loyalty points on account opening, debit and credit card shopping transactions, and on transactions...
Cobrapost: What worries & why incentive culture be revised?
10:09 May 14 2013 from Moneycontrol
Saikat Dasmoneycontrol.com A series of sting operations by online magazine — Cobrapost — prompted both the Reserve Bank of India (RBI) and the finance ministry to swing into action. The central bank had conducted an investigation and
RBI probes Cobrapost report, reveals major violations by banks
01:14 May 13 2013 from IBNLive
New Delhi: The Reserve Bank of India is probing the Cobrapost sting operation on alleged money laundering by top banks. The RBI report has revealed major irregularities in top banks. The report shows string of violations on several counts. Sources
RBI Credit Policy: Banks unlikely to cut interest rates anytime soon
07:58 May 03 2013 from Moneycontrol
Moneycontrol Bureau The Reserve Bank of India's annual credit policy for 2013-14 may not bring cheers for you. Clearly, banks are in no mood to reduce interest rates anytime soon following a cut in the policy/repo rate by 25 basis points to
ICICI Bk rules out money laundering, sees transaction error
09:21 Apr 26 2013 from Moneycontrol
Moneycontrol Bureau India's largest private sector lender - ICICI Bank has not traced any evidence of alleged money laundering cases within it. It has just completed its internal investigation based on charges made by a media sting operation on
Fire at Axis Bank in Avinashi near Coimbatore, 4 dead
12:52 Apr 25 2013 from IBNLive
Coimbatore: A fire at Axis Bank in Avinashi near Coimbatore has left four people dead. All four dead were women employees of the bank. The bank was on the third floor and there was no emergency exit at the bank. The fire has been doused and the
Strong Q4 earnings push Axis Bank 3% higher
11:51 Apr 25 2013 from Moneycontrol
Axis Bank, the third largest private sector lender, gained three percent after reporting a forecast beating 22 percent year-on-year rise in its fourth quarter net profit at Rs 1,555 crore. On an average, analysts had expected Q4 net profit to grow
http://www.in.com/news/business/strong-q4-earnings-push-axis-bank-3-higher-50208591-in-1.html
Axis Bank appoints KPMG for money laundering inquiry
09:41 Apr 24 2013 from Moneycontrol
Moneycontrol Bureau Axis Bank has appointed KPMG, one of the big four consulting firms to carry out a forensic investigation into the alleged money laundering case. According to Somnath Sengupta, executive director of the bank, the lender has
Further upsides limited for Axis Bank scrip
02:10 Jan 15 2013 from Business Standard
...positive on the bank as they expect it to report healthy performance. However, they believe current stock valuations of Axis Bank (1.9 times FY14 estimated adjusted book value) are fair and price in most positives. While the recent rally (up 5.3% in a week)...
http://www.business-standard.com/india/news/further-upsides-limited-for-axis-bank-scrip/202795/on
Axis Bank gets HC nod for scheme of arrangement
06:37 Oct 19 2012 from Business Standard
...financial services business to Axis and simultaneous sale to Axis Securities and Sales Limited Private sector lender, Axis Bank Limited has informed that the Gujarat High Court has approved the scheme of arrangement among Enam Securities Private Ltd to Axis...
http://www.business-standard.com/india/news/axis-bank-gets-hc-nod-for-schemearrangement/192006/on