Axis Bank credit card users report fraud transactions
Axis Bank says unauthorised credit card transactions a 'malicious attempt' from certain merchants
Axis Bank says unauthorised credit card transactions a 'malicious attempt' from certain merchants
Paytm shares have tumbled 51% from ₹761 at the close of trade on January 31, 2023, after the RBI action against PPBL.
Axis Bank, HDFC Bank, State Bank of India and YES Bank will act as payment system provider (PSP) banks to Paytm parent One97 Communications
The fintech stock has lost 53% since January 31, 2023, while its market cap has fallen over ₹25,500 crore in the last 13 sessions.
Both the companies have refuted Subramanian Swamy’s allegation, saying that they obtained all necessary regulatory approvals for the Axis Bank-Max Life deal.
Swamy has alleged that the Axis Bank-Max Life deal violated the mandatory directions of the IRDAI.
Axis Bank’s Q3 profit of ₹6,071 crore was slightly short of the market expectations, while NII was mostly in line with projections.
Appellate tribunal allows Axis Bank to invoke shares pledged; asks exchanges to compensate other banks
Bain Capital is reportedly looking to sell another 1.1% stake worth $444 million in Axis Bank at a floor price of ₹1,109 per share.
The report pointed out that the food inflation could throw a challenge to the monetary policy action.