Chandigarh crime branch police arrested a security guard Sunil Kumar on April 14, in a robbery of Rs 4.04 crore from the Axis bank. Deployed by MSF security agency, Kumar was at night duty on April 11 and went missing while the currency chest of the bank was damaged. However, the CCTV footages revealed Kumar taking two packets containing 20 bundles of Rs 2,000 notes.
Courtesy: Hindustan Times
A recent report revealed that extreme weather poses a risk of over Rs 6.19 trillion at the Indian banks. The report cites major allocations by the banks to cement, coal, oil and power sector business which face peril of being affected by climate change induced cyclones, floods etc. Moreover, listing the proportional effects of erratic weather and eco-sensitive business on loan repayments, the study exposed the over-reliance and climate… read-more
Amazon will be collaborating with ICICI Bank, Axis Bank and Visa to set up a national payments network in India. The proposed entity, 'New Umbrella Entity (NUE)', will compete against National Payments Corp of India which dominates the country's digital sphere with its UPI. Pine Labs and BillDesk are also a part of the consortium that is eyeing the NUE. Interestingly, India's digital market has shown annual growth rate of 55% in last 5 years… read-more
Courtesy: The Economic Times
Three masked men on September 17 robbed an Axis bank branch in Rajasthan’s Hanumangarh district by holding the employees hostage. Reportedly, the men carried weapons and fled with around Rs 1.5 crore cash after locking the employees inside the bank. According to police, exit routes to Punjab and Haryana have been blocked; CCTV footage is being scanned. “Search operation has been launch to nab the accused,” DSP Dinesh Rajora said.
Courtesy: Press Trust of India
Axis Bank's board has approved a proposal to raise Rs 15,000 crores in order to strengthen the capital buffers. However, the decision is a subject to shareholders approval in the AGM that is scheduled for July 31. ÔÇ£Axis Bank will look at confidence capital especially when the market is giving a window of opportunity at better valuations than what we saw at the beginning of the COVID-19 crisis," a source said.
Courtesy: ANI News