Axis Bank Partners with Kiwi to Bolster ‘Credit on UPI’ on RuPay Credit Cards: Kiwi, a fintech business that specialises in allowing credit via UPI, has teamed with Axis Bank to offer free Axis Bank KWIK credit cards for life via its app. Daily Current Affairs Quiz: August 2023 Objective This unique partnership of Kiwi […]
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Axis Bank becomes the first Indian bank to launch Axis Receivables Suite (ARS), an innovative Cash Management proposition. Aim: Simplifies Receivables reconciliation, accelerates cash flow, enhances the client experience and reduces the cost of doing business. ARS is an end-to-end proposition to automate the reconciliation of receivables against sales invoices raised by clients. Benefit for Clients: Know about payments, real-time control over
Axis Bank launches Axis Receivables Suite Read More »
Axis Bank becomes the first Indian bank to launch Axis Receivables Suite (ARS), an innovative Cash Management proposition. Aim: Simplifies Receivables reconciliation, accelerates cash flow, enhances the client experience and reduces the cost of doing business. ARS is an end-to-end proposition to automate the reconciliation of receivables against sales invoices raised by clients. Benefit for Clients: Know about payments, real-time control over
Axis Bank launches Axis Receivables Suite Read More »
Axis Bank (third-largest private sector bank) has joined hands with EazyDiner to launch of Dining Delights for the bank customers. It offers choice of over 10,000 premium restaurants across India and Dubai. 40% discount on specific credit cards at hand-picked premium restaurants in India and Dubai. Customised birthday celebration offers for premium cardholders Aim: to serve customers who want choice,
Axis Bank partners with EazyDiner to launch Dining Delights Read More »
Airtel Payments Bank has joined hands with Axis Bank to digitize the cash collection system. Region: India’s tier III cities and semi-urban regions. Benefits: Axis Bank to build operational efficiencies in the cash management process, speed up the payment cycle It helps in releasing the bandwidth of field agents who operate across the country. Agents can deposit the amount at
Airtel Payments Bank partners Axis Bank to digitise the cash collection Read More »
Axis Bank has signed a USD 150 million Partial Guarantee Facility Agreement (PGFA) with the Asian Development Bank (ADB) to support supply chain financing for impact sectors. The programme will have a special focus on ESG (environmental, social and governance). The deal will help Axis Bank to boost its support of SMEs, contribute to economic growth, and create jobs that improve people’s
Axis Bank and ADB collaborate to offer supply chain finance Read More »
Reserve Bank of India on Friday said it has imposed a penalty of Rs 93 lakh on Axis Bank for various violations, including those related to KYC guidelines. The central bank has also slapped a fine of Rs 93 lakh on IDBI Bank. A monetary penalty of Rs 93 lakh has been imposed on Axis Bank for violating certain provisions on
RBI imposes penalties of Rs 93 lakh each on Axis and IDBI Bank Read More »
The US-based Citibank group is selling its India business to Axis Bank for Rs 12,325 crore. The deal will be closed in the mid of the 2023 calendar year. As per the deal, Citibank must exit from consumer franchises in 13 markets, including India. Currently, Axis Bank is the fourth-largest issuer of credit cards. Citi bank has entered India in 1902 and
Axis bank acquiring Citibank India business Read More »
Kotak Mahindra Bank and Axis Bank each has acquired 7.84% stake in Open Network Digital Commerce (ONDC) for ₹ 10 crore. ONDC was incorporated on December 30, 2021, in India. ONDC is an open public digital infrastructure. This network develops and transform the Indian digital commerce ecosystem for both goods and services. It is an initiative of the Department for Promotion
Kotak Mahindra Bank, Axis Bank has acquired 7.84% stake in ONDC Read More »
Bharti Airtel (“Airtel”), India’s premier communications solutions provider, and Axis Bank, India’s third-largest private sector bank, announced a strategic partnership to strengthen the growth of India’s digital ecosystem through a range of financial solutions. In a bid to accelerate adoption of digital payments in the country, over the coming months, Airtel and Axis Bank will
Axis Bank and Airtel announces partnership to boost India’s digital ecosystem Read More »
