Axis Bank reappoints Shikha Sharma as CEO for 3 years
Axis Bank Ltd has re-appointed Shikha Sharma as managing director and chief executive officer for three years from June 2018, putting to rest speculation that…
Banking & Financial Services Industry News
Not taken any action to cancel Axis Bank’s license says RBI
Following allegations of involvement in money laundering in the wake of demonetisation, the Reserve Bank on Monday quelled rumours stating that it has “not initiated…
BRICS New Development Bank to lend $2.5 billion next year: KV Kamath
The New Development Bank formed by the BRICS nations last year plans to more than double its commitment to support infrastructure projects to the tune…
Ravindra Marathe replaced Sushil Muhnot as Bank of Maharashtra, CMD
Government has sacked Bank of Maharashtra chairman and managing director Sushil Muhnot, without citing any reason,. Muhnot was due to retire on September 30. Ravindra…
ICICI bank hits 1 lakh registrations on UPI app
Country’s largest private sector lender ICICI Bank announced that it has reached the milestone of registering one lakh virtual payment addresses (VPA) on Unified Payments…
Bank of India sells 18% stake in insurance JV
Bank of India (BOI) has sold 18% stake in the insurance joint venture Star Union Dai-ichi Life Insurance Company Ltd (SUD) to its Japanese partner….
Center to decide interest rates as it appoints Monetary Policy Committee members
Center has appointed three academics as members of a new monetary policy committee that will set interest rates. They are Chetan Ghate, a professor at…
10 facts to know about new RBI governor Urjit Patel
Top 10 Facts about new RBI governor Urjit Patel Dr. Urjit R. Patel has been a Deputy Governor of Reserve Bank of India since January…
RBI governor Raghuram Rajan likely to leave interest rates unchanged on August 9
Reserve Bank of India (RBI) governor Raghuram Rajan will be announcing the third bi-monthly policy statement on August 9. The event assumes significance as it…
LIC ties up with AXIS Bank to sell life covers
AXIS Bank signed a memorandum of understanding (MoU), under which Axis Bank branches will be selling LIC’s policies. This is the largest bancassurance partnership after…
Income Tax Raids 70 centers of Indiabulls
Raids were carried out on 70 centers of Indiabulls under the supervision of the Directorate of Income Tax , Investigation Unit in Mumbai. The raids…
IDFC Bank buys microfinance firm Grama Vidiyal
IDFC Bank Ltd on Tuesday said that it will acquire a Tamil Nadu based microfinance institution (MFI) called Grama Vidiyal for an undisclosed amount. Grama…