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AXIS BANK COMPENSATION CASE
SBI ordered to refund nearly Rs 2 lakh after online fraud as customer said he never shared his ATM PIN, OTP or banking detailsA consumer commission has directed the State Bank of India (SBI) to refund Rs 1.64 lakh to a customer who lost money in an unauthorised onl...- Delhi couple repays Rs 1.41 crore loan and finds out Axis Bank lost their property papers; they file complaint and win this much compensationAxis Bank misplaced a Delhi couple's original property papers, which they found out after closing their Rs 1.41 crore loan account. They th...
- Develop mechanism for compensation in accidents due to stray animals: Supreme Court to Centre, statesThe Supreme Court has mandated compensation mechanisms for stray animal road accidents. Animal owners must now be held responsible for thei...
- Why Axis Mutual Fund is asking investors to look at largecaps as wellFollowing the sharp re-rating in small- and midcaps, Axis Mutual Fund has urged investors to revisit largecaps, saying their valuations hav...
- Supreme Court directs MEA to appoint nodal officer, arrange DNA tests for families of Indians killed in Russia-Ukraine warThe Supreme Court issued directions to aid families of Indian nationals recruited into the Russian military. The Ministry of External Affai...
- NHRC seeks action from Rajasthan over Kota maternal deaths linked to faulty oxytocinThe National Human Rights Commission has directed Rajasthan officials to act on maternal deaths. Substandard oxytocin injections in Kota ar...
- Mid-tier private banks rake in more low-cost deposits"Our Casa was only 10% initially. For the first three or four years of taking over management of this bank, we slowed down the loan book an...
- Insurers not liable for accident compensation if driver's licence was invalid: Supreme CourtThe Supreme Court ruled insurance companies are not liable for accidents with unlicensed drivers. Driving without a valid license can lead ...
- Canara Bank recovers loan on a Sunday: Woman says account was emptied without her consent; court orders Rs 45,000 payoutA Kerala consumer commission has ordered Canara Bank to pay Rs 45,000 in compensation and costs after it automatically debited Rs 53,463 fr...
- Axis, Kotak Mahindra raise charges for overseas card transactionsAxis Bank will increase the DCC fee on its credit cards to 3.5% from 1.5%, effective August 28, 2026, according to the bank's revised terms...
- Karnataka: HC upholds judgment against NICE, calls infra project fit case for independent probeThe Karnataka High Court dismissed appeals by NICE and KIADB regarding the Bengaluru-Mysuru Infrastructure Corridor Project. A division ben...
- Farmer denied Central govt subsidy on dairy loan: Federal Bank ordered to pay Rs 1.7 lakh; court says bank failed to give NABARD the claim details for nearly seven yearsFarmer denied Central govt subsidy: A Kerala consumer commission has ordered Federal Bank to pay Rs 1.76 lakh to a dairy farmer from Kannur...
- 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...
- ICICI Lombard rejects Rs 50 lakh accidental death insurance claim, consumer court said insurers can't add new claim conditions. Here's what happenedA consumer commission ordered ICICI Lombard to pay fifty lakh rupees to a policyholder's nominee. The policyholder died in a road accident,...
- HDFC Bank, 3 other bank stocks wipe out Rs 1.5 lakh crore of investors' wealth after Q1. Time to buy the dip?Shares of HDFC Bank, Axis Bank, Kotak Mahindra Bank and Yes Bank have erased over Rs 1.5 lakh crore in market value this week following the...
- Dealer sold Tata Motors demo car as new; court orders Rs 9 lakh payout to customerThe National Consumer Disputes Redressal Commission absolved Tata Motors of liability. A buyer purchased a demo car sold as brand new by Hi...
- Chhattisgarh Rs 17 crore snakebite scam: How doctors, lawyers, clerks and bank employees faked deaths in BilaspurChhattisgarh Snakebite Scam: Police in Bilaspur, Chhattisgarh, have arrested seventeen individuals in a large compensation fraud. This synd...
- HUL ordered to pay Rs 50,000 after customer receives 70g instead of 90g Surf Excel pouchHindustan Unilever Limited faced liability for an underweight Surf Excel detergent pouch. A consumer had purchased a packet that was signif...
- Axis Bank shares fall 5% after Q1 earnings fail to cheer D-Street. What brokerages sayAxis Bank shares fell despite reporting a 22.5% year-on-year rise in Q1FY27 standalone net profit to Rs 7,114 crore. Net interest income (N...
- Axis Bank standalone profit soars 23% in Q1Axis Bank on Saturday reported a 23% year-on-year increase in standalone quarterly net profit, aided by lower provisions, even as its pre-p...
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