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Axis Bank Limited. Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra. [8] It is India's third largest private sector bank by assets and Fourth largest by Market capitalisation.
It will be a unique identifier that your bank uses to transfer money and make payments using the IMPS (Immediate Payments Service). IMPS is faster than NEFT and lets you transfer money immediately and unlike NEFT, it works 24/7. This means that the online payments will become much easier without requiring a digital wallet or credit or debit card.
In the late 1980s and 1990s, the division was one of the first banks to offer credit cards in India. [3] In 1992, Citibank India was alleged to have played the leading role in allowing or facilitating the market manipulation that drove up prices of shares on the Bombay Stock Exchange during the 1992 Indian stock market scam.
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As of June 2022, Bajaj Finance has been working with RBL Bank and DBS Bank to issue co-branded credit cards. But, after the Reserve Bank of India opened the door for non-banking financial companies to enter the credit card industry, the company plans to introduce its credit card products by the beginning of the first quarter of 2023.
The company is the online brand of Axis Securities,a wholly owned subsidiary of Axis Bank. Products and services. Axis Direct provides a 3-in-1 Online Investment Account which is a combination of Axis Bank Savings along with an Axis Direct trading and Demat account services: Equities – Invest online in stocks of listed companies
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