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AXIS BANK PENALTIES
HDFC Bank, Axis Bank collect highest penalties from customers for non-maintenance of minimum average balance; Bank of Baroda tops public sector bank listHDFC Bank, Axis Bank, and Bank of Baroda collected the most penalties for low balances. Public sector banks collected these charges from FY...- Up to 8.50% interest on senior citizen FD: This bank increases interest rate on 501-day special FD; check detailsUnity Small Finance Bank has revised its fixed deposit interest rates. Senior citizens can now earn up to 8.50% on a 501-day fixed deposit....
- RBI imposes penalties on five major banks for compliance failuresICICI Bank was fined for non compliance on cyber security framework in banks, know your customer (KYC) regulations, and credit card and deb...
- RBI fines HDFC, Axis Bank for non-compliance with regulationsThe Reserve Bank of India has fined Axis Bank ₹1.91 crore and HDFC Bank ₹1 crore for regulatory non-compliance. Axis Bank's violations incl...
- RBI penalises Axis Bank, HDFC Bank for deficiencies in regulatory complianceThe Reserve Bank of India has imposed penalties amounting to Rs 2.91 crore on Axis Bank and HDFC Bank for deficiencies in statutory and reg...
- Delhi HC directs RBI, Sebi to expedite probe into alleged "fraudulent acts" by Max Life, Max FinservA Bench led by acting chief Justice Manmohan, however, turned down a petition by former Rajya Sabha member Subramanian Swamy, seeking to se...
- RBI slaps fines on Axis Bank, Manappuram FinanceThe Reserve Bank of India (RBI) has levied a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 lakh on gold loan firm Manappuram ...
- Competition Commission of India slaps Rs 40 lakh on Axis BankFor the transaction, Axis Bank was required to give notice to the fair trade regulator. However, it failed to do so, according to the order...
- Axis Bank cuts FD interest rate; check latest fixed deposit ratesAfter the revision, Axis Bank offers interest rates between 3.5% and 7.20% on tenures ranging from 7 days to 10 years.
- Axis Bank cuts FD interest rate by 10 bps on this tenureAxis Bank offers interest rates between 3.5% and 7.10% on tenures ranging from 7 days to 10 years. Earlier, the bank had increased by 10 ba...
- Axis Bank increases FD interest rate by 10 bps on this tenure: Check detailsAfter the revision, Axis Bank offers interest rates between 3.5% and 7.20% on tenures ranging from 7 days to 10 years.
- RBI imposes penalties on Axis Bank, IDBI BankRBI, however, said the penalties are based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of a...
- Sebi imposes Rs 5 lakh fine on Axis BankIt was observed that Axis Bank (noticee) had acted as the merchant banker in respect of 22 public issuances of debt of various companies du...
- RBI imposes penalty on Axis Bank"...the bank failed to monitor/carry out ongoing due diligence in the said account to ensure that the transactions were consistent with its...
- Axis Bank announces no penalty on premature closure of term deposits“The objective of this customer-friendly feature is to inculcate and encourage retail customers to go for long-term savings without worryin...
- RBI slaps penalties on Axis Bank, UCO Bank and Syndicate BankThe RBI said penalty of Rs 2 crore has been imposed each on Axis Bank and UCO Bank for non-compliance of norms related to payment through c...
- RBI slaps Rs 3 cr penalty on Axis BankRBI said it had carried out a statutory inspection of private sector player Axis Bank with reference to its financial position as on March ...
- Private banks to hike fines, charges from April 1banks are barred from creating negative balances by imposing charges on the grounds that charges will be deducted from future deposits.
- Axis, HDFC and ICICI Bank shares log losses after RBI fineICICI Bank shares tanked 3.75 per cent to close the day at Rs 1,076.40, while HDFC Bank was down 1.73 per cent to Rs 665.55 on the BSE.
- HDFC to charge for early FD withdrawalIf it was prepayment charges on home loans that plagued bank customers during falling interest rates, a spike in returns offered by term de...
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