All posts tagged: axis bank

Consumer panel directs Axis Bank to pay ₹3.19 cr over refusal to accept demonetised notes in 2016| India News

Consumer panel directs Axis Bank to pay ₹3.19 cr over refusal to accept demonetised notes in 2016| India News

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New Delhi, The National Consumer Disputes Redressal Commission has directed Axis Bank to pay ₹3.19 crore to a Delhi-based logistics company, holding the bank guilty of “deficiency in service” for refusing to accept demonetised currency notes for deposit during the 2016 demonetisation window. Consumer panel directs Axis Bank to pay ₹3.19 cr over refusal to accept demonetised notes in 2016 The commission, comprising presiding member AVM J Rajendra and judicial member Anoop Kumar Mendiratta, was hearing an appeal filed by Procure Logistics Services Pvt Ltd against the Axis Bank. In an order dated March 10, the commission said, “The bank clearly failed by repeatedly disallowing the complainant to deposit the notified cash into its own KYC-compliant account, despite multiple requests and persisted with this till the entire timeline lapses.” It was alleged that the bank refused to accept the notes during the limited period allowed after the government announced demonetisation on November 8, 2016. The commission noted that nothing prevented the bank from accepting the cash and reporting the transaction to authorities if it found …

Axis Bank to build 57 weather-resistant shelters in Mandi’s Seraj

Axis Bank to build 57 weather-resistant shelters in Mandi’s Seraj

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Published on: Nov 12, 2025 08:26 am IST Axis Bank north zone head, Abhishek Parashar, and state head Varun Sharma called on chief minister Sukhvinder Singh Sukhu at his official residence, Oak Over, on Tuesday and extended support AI Quick Read Axis Bank has extended support to the disaster-affected Mandi district, particularly the Seraj assembly segment by committing to construct 57 weather-resistant shelters under corporate social responsibility (CSR). In addition, the bank will install 15 community toilet units, each catering to 3 to 6 families, complete with water tanks, stainless steel sinks and CPVC pipe fittings to ensure proper sanitation and hygiene. (File) Axis Bank north zone head, Abhishek Parashar, and state head Varun Sharma called on chief minister Sukhvinder Singh Sukhu at his official residence, Oak Over, on Tuesday and extended support. These shelters will be equipped with heat insulation, PCC flooring, kitchen slabs and basic electrical fittings, providing safe and dignified housing for displaced families. In addition, the bank will install 15 community toilet units, each catering to 3 to 6 families, complete …

Fear of power cut leads to ₹4 lakh fraud for Hyderabad citizen

Fear of power cut leads to ₹4 lakh fraud for Hyderabad citizen

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A 78-year-old retired employee from Hyderabad lost about ₹4 lakh after being warned of imminent electricity disconnection by a scammer posing as an electricity board official. The scam unfolded when the victim received a WhatsApp message from an unknown number, claiming his electricity bill was unpaid and warning that his power supply would be cut off within two hours. Though he insisted the bill had already been cleared, the scammer video-called him, claiming the payment is not reflected in their system. In a bid to “verify” the payment, the fraudster convinced the victim to download a mobile application and enter personal details, including his name and electricity service number. Moments later, the victim received an SMS alert that his credit card had been charged, followed by an OTP on his phone. Alarmed, he immediately disconnected the call, only to find that eight separate transactions of ₹49,999 each had been made using his credit card, totalling ₹3,99,992. He also suspected that his phone had been compromised during the call. The victim reported the fraud to Axis …

Man barges into UP bank with a suicide letter, gun, loots ₹40 lakh: Report | Latest News India

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₹40 lakh: Report&section=India News&subSection=&impression=true” width=”100%” height=”0px” style=”display:block” frameborder=”0″ scrolling=”no”> Oct 02, 2024 12:10 PM IST The man barged into the manager’s cabin and told him that he had an outstanding home loan of ₹38.5 lakh. In a shocking incident, a man looted ₹40 lakh from Axis Bank in Uttar Pradesh’s Shamli. The incident took place on Tuesday. The police are searching for the man. (Representational) The man barged into the manager’s cabin and told him that he had an outstanding home loan of ₹38.5 lakh and his house would be auctioned if he didn’t pay up immediately. He said his children would go homeless if he didn’t furnish the amount. According to the manager, he was armed with a gun and also had a suicide note. He sat in the cabin of the manager for half an hour and talked about getting a loan, reported the Times of India. Suddenly, he threatened the manager that he would either kill himself or the bank official if he wasn’t paid ₹40 lakh. He claimed he was carrying …

New credit card rules in April 2024 for SBI Card, ICICI Bank, Axis Bank, Yes Bank: Complete details here

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Major credit card issuers announced changes in their credit card rules which could impact customers. Credit card holders of SBI Card, ICICI Bank, Axis Bank, Yes bank will see the following changes which will come into effect in April 2024: These are the new credit card rules in April 2024 for SBI Card, ICICI Bank, Axis Bank, Yes Bank. SBI credit card changes in April: SBI Card announced that accrual of reward points on rent payment transactions will be discontinued for certain credit cards from April 1, 2024. These will include: AURUM, SBI Card Elite, SBI Card Elite Advantage, SBI Card Pulse and SimplyCLICK SBI Card. Additionally, accumulation of reward points on rent payment transactions for certain credit cards will on April 15. Hindustan Times – your fastest source for breaking news! Read now. Yes Bank credit card changes in April: YES Bank credit cards that spend ₹10,000 or more in a calendar quarter will be eligible for complimentary domestic lounge access. ICICI Bank credit card changes in April: As per ICICI Bank website, “Starting …

Flipkart Launches UPI Service in Partnership With Axis Bank to Counter Third-Party Apps

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Flipkart launched the Unified Payments Interface (UPI) service in collaboration with Axis Bank. The Flipkart UPI service will be initially available for Android users and can be used for online and offline payments. With the latest update, customers can now pay bills and make fund transfers directly from the Flipkart app. Flipkart UPI would compete with the likes of other popular third-party UPI apps such as Paytm, PhonePe, Google Pay, and Amazon Pay. Rajneesh Kumar, Chief Corporate Affairs Officer, Flipkart India, announced the launch of Flipkart’s own UPI handle on Sunday (March 3) on X. As mentioned, Flipkart has partnered with Axis Bank for the feature and it is currently limited to Android users. Customers can register for the Flipkart UPI service with the @fkaxis handle for their digital transactions using the Flipkart app. The Flipkart UPI service can be used to pay for any product or services, recharges, and bill payments. It can also be used to make payments outside the Flipkart marketplace by scanning QR codes. Flipkart is offering a range of benefits including …

Axis Bank Q3 net profit rises to ₹6,071 crore after 4% spike

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Private sector Axis Bank on Tuesday reported a 4 per cent rise in standalone net profit at ₹6,071 crore in the third quarter ended December 2023. Axis Bank Q3 results were better than expected, with ₹6071 crore net profit.(MINT_PRINT) The bank had earned a net profit of ₹5,853 crore in the October-December quarter of 2022. Stay tuned for all the latest updates on Ram Mandir! Click here The total income of the bank increased to ₹33,516 crore in the third quarter of the current fiscal compared to ₹26,798 crore in the year-ago period, Axis Bank said in a regulatory filing. In the latest quarter, the bank’s interest income rose to ₹27,961 crore from ₹22,226 crore in the same period last fiscal. The gross Non-Performing Asset (NPA) ratio improved to 1.58 per cent as of December 31, 2023. In the year-ago period, it stood at 2.38 per cent. Similarly, the net NPA declined to 0.36 per cent as compared to 0.47 per cent at the end of December 2022. During the 2023 December quarter, the bank …