Axis Bank News
11-09-2024 – Axis Bank FD Rates Hike Gift News
Axis Bank FD Rates Hike Gift News – Recently, Axis Bank has launched two new FDs, one of which is for 3 months and the other is for 3 months and 24 days. The bank has reduced the interest on some of its FDS and increased the interest on some FDS.
After this new revision, Axis Bank is offering interest ranging from 3% to 7.20% to its customers. And for senior citizens, the interest has been increased from 3.50% to 7.75%. In Axis Bank, you can make FD for 7 days to 10 years. It is worth noting that the FD rates of Axis Bank are being implemented from 10 September, 2024.
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10-09-2024 – RBI Penalty Axis Bank News
RBI Penalty Axis Bank News – Reserve Bank of India has imposed a penalty of Rs 2.91 crore on Axis Bank and HDFC Bank as deficiencies have been found by the banks in statutory and regulatory compliance. This news was released by RBI on Tuesday 10th September 2024.
This fine has been imposed on both these banks due to non-compliance of the instructions given in KYC, interest rates on deposits and agricultural loan flow.
However, it has been clarified by both the banks that all this will not have any adverse effect on the customers.
09-09-2024 – AXIS Bank FD News
AXIS Bank Fixed Depost News – AXIS Bank, ICICI Bank, HDFC Bank or SBI Bank
AXIS Bank, ICICI Bank, HDFC Bank or SBI Bank, which bank is giving the highest interest on 1 to 3 year Fixed deposit, let’s find out. Friends, in the coming days RBI (Reserve Bank of India) is going to cut the repo rate, due to which there is a possibility of increase in bank interest.
In such a situation, FD i.e. Fixed deposit income assures you a return. One important benefit of Fixed deposit is that banks keep relaxing the conditions of financial requirements, due to which you can easily use the money deposited in FD. At the same time, you can also withdraw the interest earned through FD and invest it somewhere else.
In such a case, if you are going to make an FD for 1 to 3 years, then you need to know which bank’s FD will be right for you.
| Interest Rates on FD Deposits(%) | ||||
| Bank | Less than 1 year | Between 1-2 years |
Between 2-3 years
|
|
| Bank of Maharashtra | 6.9% | 7.15% | 7.25% | |
| Bank of Baroda | 7.15% | 7.3% | 7.15% | |
| Bank of India | 6% | 7.25% | 6.75% | |
| Canara Bank | 6.25% | 7.25% | 6.85% | |
| Central Bank of India | 6.25% | 7.45% | 6.5% | |
| Indian Bank | 7.05% | 7.25% | 6.7% | |
| Indian Overseas Bank | 5.75% | 7.3% | 6.8% | |
| Punjab National Bank | 7.05% | 7.25% | 7% | |
| Punjab & Sind Bank | 7.15% | 7.3% | 6.3% | |
| State Bank of India | 6.5% | 7.25*% | 7% | |
| UCO Bank | 5.5% | 7.05% | 6.3% | |
| Union Bank | 7.4% | 7.25% | 6.7% | |
| Axis Bank | 6% | 7.2% | 7.1% | |
| Bandhan Bank | 4.5% | 8% | 7.25% | |
| Catholic Syrian | 7.25% | 7.75% | 7.1% | |
| City Union Bank | 7.5% | 7% | 6.5% | |
| DCB Bank | 7.25% | 8.05% | 7.55% | |
| Dhanlaxmi Bank | 5% | 7.25% | 6.5% | |
| Federal Bank | 6.5% | 7.35% | 7.4% | |
| HDFC Bank | 6% | 7.25% | 7.35% | |
| ICICI Bank | 6% | 7.25% | 7% | |
| IDBI Bank | 7.05% | 7.35% | 7% | |
| IDFC First Bank | 5.75% | 7.75% | 7.25% | |
| IndusInd Bank | 6.5% | 7.75% | 7.25% | |
| J & K Bank | 6.25% | 7% | 7% | |
| Karnataka Bank | 6.75% | 7.5% | 6.5% | |
| Kotak Bank | 7% | 7.4% | 7.15% | |
| Karur Vysya Bank | 7.4% | 7.5% | 7.6% | |
| RBL Bank | 6.05% | 8.1% | 7.5% | |
| South Indian Bank | 5% | 7.25% | 7% | |
| Tamilnad Mercantile Bank | 6% | 7.5% | 6.75% | |
| TNSC Bank | 6.75% | 7.75% | 6.75% | |
| Yes Bank | 6.35% | 8% | 7.25% | |
| AU Small Finance Bank | 7.25% | 8% | 7.5% | |
| Equitas Small Finance Bank | 6.25% | 8.5% | 8.25% | |
| ESAF Small Finance Bank | 6% | 8.25% | 8.25% | |
| Jana Small Finance Bank | 8% | 8.25% | 8.25% | |
| Ujjivan Small Finance Bank | 7% | 8.25% | 7.75% | |
07-09-2024 – Axis Bank Digital Innovation News
Axis Bank has launched 2 innovative digital solutions for its retail banking and wholesale banking
Axis Bank has recently partnered with NBBL to become one of the 1st banks to launch Bharat Connect for Business (BBPS). It was launched at the global fintech festival by RBI governor Sh. Shaktidas ji.
This innovative solution launched by Axis Bank is an industry-first solution, in which customers can withdraw and deposit card-less cash payments, for which Integrated Android Cash Recycler UPI-ATM has been launched with a Unified Payment Interface technique.
The bank has also launched Bharat Connect for Business in partnership with Bharat Billpay Limited (NBBL) of NPCI. Through these, very good facilities have been provided to the customers for withdrawing and depositing money.
While talking about both these services, Deputy Manager of Axis Bank, Mr. Rajiv Anand ji said that we are regularly engaged in these efforts as to how we can provide better services to our customers through new techniques and while working in this direction, we have launched these two services.
02-09-2024 – Axis Bank News
There is good news for the shareholders of Axis Bank; the bank has earned a net profit of Rs 6035 crore in its quarterly result this time, which is 4% more than the Rs 5797 crore of last year.
According to a report, the bank’s earnings from interest alone today are Rs 30,061 crore, which is 18% more than the previous year’s Rs 25,557 crore. In the same quarter, Axis Bank spent Rs 16613 crore on interest, which is 22% more than the Rs 13,598 crore of the previous year.
Axis Bank Share Price Target
Seeing such a result of Axis Bank, big financial houses have increased the share price target by 10-15%. While there is a slight decline in the banking sector, many other brokerage houses have given it a buy rating, trusting this share.
Axis Bank Share Price History
Axis Bank is listed on both NSE and BSE exchanges in India. While the share has shown a growth of 9% in the last 6 months, the growth of the share in the previous 1 year has been 7%.
If we see the share percentage graph of Axis Bank for the last 1 year, 2 years, 3 years, 5 years and 10 years, it is like this:-
- Axis Bank 1 year Growth – 19.64%
- Axis Bank 2 year Growth – 56.49%
- Axis Bank 3 year Growth – 49.98%
- Axis Bank 5 year Growth – 77.10%
- Axis Bank 10 year Growth – 195.84%
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