Mumbai: Lending major Axis Bank on Tuesday reported an exponential growth of 131 per cent in its year-on-year net profit for the third quarter of 2018-19. According to the firm, net profit during the quarter under review increased to Rs 1,681 crore from Rs 726 crore reported for the corresponding[Read More…]
Tag: Axis Bank
Who let Nirav Modi flee India, asks Congress
New Delhi: The Congress on Thursday lashed out at Prime Minister Narendra Modi on the Rs 11,500 crore fraud in the PNB and asked him to come clean on the government’s “failure” to prevent the scam and identify those who helped the alleged kingpin, billionaire jeweller Nirav Modi, to flee the[Read More…]
ED files chargesheet against Axis Bank officials in money laundering case
MDR rates on debit card payments slashed by RBI
The Reserve Bank of India on Friday decided to slash Merchant Discount Rate (MDR) charges on payments made through debit cards. For transactions of up to Rs 1,000, MDR will be capped at 0.25% of the transaction value. For transactions above Rs 1000, and up to Rs 2000, MDR will[Read More…]
Rs 40 crore deposited in banned notes at Axis bank: I-T cells search bank premises, residences
Amid currency ban, the income tax ( I-T) department has conducted a search at the Kashmere Gate branch of Axis bank in New Delhi and found that around Rs 40 crore was deposited in banned currency notes since demonetisation. The I-T department also conducted search operation at the residence of[Read More…]