On the BSE, 85 lakh shares exchanged hands on the counter
The stock of Axis Bank closed 0.72 per cent down at Rs 484.50 on BSE
Last date to register for the program is March 19, 2016
Last date to register for the programme is July 21, 2016.
Asset quality concerns might have peaked, but normalcy could take some more quarters
The bank's gross NPAs rose to 5.22% of gross advances as against 1.68% in same period a year ago
Reacting to its quarterly earnings, the stock slipped as much as 6.54 to Rs 452 on the BSE
Axis Bank's loan portfolio quality deteriorated, with gross NPAs rising to 5.22% of gross advances
The new rates are effective from January 18
Earlier this week, ED arrested two Axis Bank managers here and seized 3 kg gold bars
Street doesn't attribute much to reports of fraud in a few accounts but the air of uncertainty could weigh on its stock
The I-T department is trying to analyse the quantum of transactions through these fake companies
The Axis bank branch at sector 51 in Noida was raided
The move is likely to curtail imports by the world's second-biggest gold consumer this month and could weigh on global prices already near their lowest level in ten months.
Recently, Axis Bank has suspended 19 of its employees for being involved in money laundering
The statement by Axis was in response to a report on Saturday in local Hindi daily Dopahar that suggested the bank could lose its license over alleged money laundering activities involving the suspended employees.
Narendra Modi scrapped 500-rupee and 1,000-rupee banknotes on Nov. 8 in a bid to flush out cash earned through illegal activities
Axis Bank said it is cooperating with the agency
Officials were quoted, as saying that, over Rs. 450 crores were found in these fake accounts
Bank claims of following due procedure