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2017: Axis Bank acquired Freecharge, a digital marketplace for financial services in 2017 for approximately ₹385 crore. 2023: In March 2023 Axis bank completed acquisition of Citi group's Indian subsidiary Citibank India's consumer banking business for a cash consideration of ₹ 12,325 crore (US$1.5 billion) which was initially announced in ...
Axis Bank was twice pulled up by the Reserve Bank of India, in 2016 and 2017, for under-reporting bad loans. In 2016, there was a reported difference of ₹ 9,480 crore (equivalent to ₹ 140 billion or US$1.7 billion in 2023) between Axis Bank and the RBI's
There are 49 scheduled urban co-operative banks in India. Abhyudaya Co-operative Bank Ltd. Apna Sahakari Bank Ltd. [69] Ahmedabad Mercantile Co-Op Bank Ltd. [70] Amanath Co-operative Bank Ltd. [71] Andhra Pradesh Mahesh Co-Op Urban Bank Ltd. Bassein Catholic Co-operative Bank Ltd. [72] Bharat Co-operative Bank (Mumbai) Ltd.
Title. MD and CEO, Axis Bank. Term. 2019-till date. Predecessor. Shikha Sharma. Amitabh Chaudhry is an Indian banker, and the managing director (MD) and chief executive officer (CEO) of Axis Bank, the third largest private sector bank in India. He joined Axis in January 2019, after heading HDFC Life Insurance for nine years. [1]
(in ₹ Crore) Revenue growth Profits (in ₹ Crore) Headquarters State Controlled; 1 Indian Oil Corporation: Oil and gas: 424,321 13.2% 22,189 New Delhi: Yes 2 Reliance Industries Limited: Oil and gas: 410,295 28.2% 36,075 Mumbai: 3 Oil and Natural Gas Corporation: Oil and gas: 333,143 11.0% 22,106 New Delhi Yes 4 State Bank of India: Banking ...
Indian Bank is an Indian public sector bank, established in 1907 and headquartered in Chennai. It serves over 100 million customers with 40,187 employees, 5,847 branches with 4,937 ATMs and Cash deposit machines. Total business of the bank has touched ₹1,221,773 crore (US$150 billion) as of March 31,2024. The bank's information systems and ...
The Reserve Bank of India, India's central banking authority, was established in April 1935, but was nationalized on 1 January 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b). [31] In 1949, the Banking Regulation Act was enacted, which empowered the Reserve Bank of India (RBI) to regulate ...
Citibank India was the division of Citigroup that operated in India. In March 2023, the division was sold to Axis Bank. History. Citibank began operations in 1902 in Calcutta . In the late 1980s and 1990s, the division was one of the first banks to offer credit cards in India.