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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 ...
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.
Canara Bank: Banking 12.68 Bangalore 31 Bank of Baroda: Banking 12.06 Vadodara: 32 Union Bank of India: Banking 11.28 Mumbai 33 Punjab National Bank: Banking 12.1 New Delhi 34 Mahindra & Mahindra: Automotive 11.59 Mumbai 35 Steel Authority of India: Iron and steel 12.98 New Delhi 36 GAIL: Oil and gas 10.98 New Delhi 37 Indian Bank: Banking 6.17 ...
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
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.
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 ...
Union Bank of India, commonly referred to as Union Bank, is an Indian public sector bank headquartered in Mumbai. It has 153+ million customers and a total business of Rs.19,84,842 crores. [7] After the merging with Corporation Bank and Andhra Bank , which came into effect on 1 April 2020, the merged entity became one of the largest PSU banks ...
The worst hit banks included the State Bank of India , ICICI, HDFC, YES Bank and Axis Bank among others. The breach went undetected for 6 weeks and banks were alerted only after several international banks reported fraudulent use of cards in China and the United States while the customers were in India. SBI blocked and reissued 600,000 debit ...