Axis Bank

RBI appoints a Committee to Review Governance of Boards of Banks in India

The Reserve Bank of India has constituted an Expert Committee to Review Governance of Boards of Banks in India. The Committee would be chaired by Shri P. J. Nayak, former Chairman and CEO of Axis Bank; the other members being Shri S. Raman, Whole Time Member, Securities & Exchange Board of India, Smt. Shubhalakshmi Panse,… Read More

Tags: Allahabad BankAxis BankCommitteeIndiaIndian School of BusinessMcKinsey & CompanyReserve Bank of IndiaSecurities & Exchange Board of India

8% Savings (Taxable) Bonds, 2003 – Premature Encashment

RBI/2013-14/206 DGBA.CDD. No. 1448/13.01.299/2013-14 August 30, 2013 The Chairman / Managing Director Head Office (Government Accounts Department) State Bank of India and Associates All Nationalized Banks (Excluding Punjab and Sind Bank & Andhra Bank) Axis Bank Ltd./ICICI Bank Ltd./HDFC Bank Ltd./ Stock Holding Corporation of India Ltd. (SHCIL) Dear Sir/Madam, 8% Savings (Taxable) Bonds, 2003… Read More

Tags: Axis BankBondsGovernment of IndiaHDFC bankICICI BankIndiaInterestState Bank of India

RBI penalises Axis Bank, HDFC Bank and ICICI Bank

The Reserve Bank has imposed a monetary penalty on Axis Bank, HDFC Bank and ICICI Bank for violating Reserve Bank of India instructions. The details of the penalty are: Bank Penalty amount (` in lakh) Axis Bank Ltd. 500.10 HDFC Bank Ltd. 450.00 ICICI Bank Ltd. 100.10 The penalties have been imposed in exercise of powers… Read More

Tags: Axis BankHDFC bankICICI BankKnow Your CustomerKYCmoney launderingReserve BankReserve Bank of India

RBI initiates Scrutiny of Three Banks for Alleged KYC/AML Guidelines

The Reserve Bank of India has initiated the process of carrying out comprehensive scrutinies covering both, Head Office and branches of three private sector banks, namely, ICICI Bank, HDFC Bank and Axis Bank. Apart from this, the Reserve Bank has also undertaken a thematic study in respect of banks that are active in selling gold… Read More

Tags: Axis BankForeign Exchange Management ActHDFC bankICICI BankModern Language Associationmoney launderingPrevention of Money Laundering Act 2002Reserve Bank of India

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