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Source: Business Standard 2 min read Last Updated : Sep 20 2024 | 9:11 PM IST Axis Bank has said that Axis Capital’s (ACL’s) activities were bona fide and in compliance with all applicable regulatory provisions, following Securities and Exchange Board of India’s (Sebi’s) bar on ACL from merchant banking in the debt segment….
Source: Business Standard 2 min read Last Updated : Sep 19 2024 | 8:55 PM IST The Securities and Exchange Board of India (Sebi) on Thursday restrained Axis Capital (ACL) — a wholly owned subsidiary of Axis Bank — from taking any new assignment as a merchant banker, arranger or underwriter in the debt…
Source: Live Mint US Fed meeting underway: The much-awaited event is here. After over four years, the US Federal Reserve is expected to start the rate-reduction cycle on Wednesday, September 18, as inflation has eased considerably in the US while the jobs market is showing signs of cooling off. Rate cuts are overall positive for…
Source: Business Standard 2 min read Last Updated : Sep 16 2024 | 1:55 PM IST A new feature called UPI Interoperable Cash Deposit (UPI-ICD) is changing the way you deposit cash at ATMs. This innovative service allows you to deposit cash into your bank account using any UPI app, eliminating the need for…
Source: Live Mint If you are planning to subscribe to a credit card and believe that a credit card will only help you borrow credit to make payments for a slew of products and services then you are mistaken. There are a range of other services also that a credit card offers including fuel surcharge waiver,…
Source: Live Mint If you own a credit card, you can explore a number of offers given by banks. These include the offers at eateries and restaurants in your city and beyond. It is recommended to check these offers before they expire. These offers are given by the cards issued by almost all top banks such…
Source: Business Standard 2 min read Last Updated : Sep 10 2024 | 8:35 PM IST The Reserve Bank of India (RBI) has penalised HDFC Bank, and Axis Bank for Rs 1 crore and Rs 1.91 crore, respectively. According to an RBI press release, HDFC Bank, the country’s largest private sector lender, opened…
Source: Business Standard 2 min read Last Updated : Sep 10 2024 | 4:06 PM IST Axis Bank has announced an update to its interest rates for fixed deposits (FD). The new rates, effective September 10, offer attractive returns for general customers and senior citizens across various deposit amounts and tenures, said the lender. …
Source: Business Standard 5 min read Last Updated : Sep 10 2024 | 10:36 AM IST Nomura on Indian banks: Tokyo-headquartered international brokerage firm Nomura has reduced its target prices for some of the private and public lenders ahead of the US Federal Reserve’s policy meeting scheduled for next week. The brokerage…
Source: Business Standard It processes transaction values of about Rs 100-200 crore every month. Credit cards on UPI record about Rs 10,000 crore a month. 2 min read Last Updated : Aug 22 2024 | 3:46 PM IST Fintech major PhonePe on Thursday announced the launch of a credit line on the Unified Payments…
/cdn.vox-cdn.com/uploads/chorus_asset/file/25535403/STK004_FBI_CVIRGINIA_A.jpg?w=400&resize=400,250&ssl=1 "An Ohio man guilty of Bitcoin laundering must forfeit over $400 million in assets")