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On 30 July 2007, UTI Bank changed its name to Axis Bank. [16] In 2009, Shikha Sharma was appointed as the MD and CEO of Axis Bank. [17] In 2013, Axis Bank's subsidiary, Axis Bank UK commenced banking operations. [18] The Indian government intends to sell a 20.7% stake in Axis Bank in February 2014 for 57 billion rupees, equivalent to 925 ...
In 2011, Axis Bank UK was incorporated as a subsidiary of the bank. [ 7 ] She received a salary hike of 10 per cent in June 2013, with a basic pay of ₹ 1.96 crore (equivalent to ₹ 3.3 crore or US$390,000 in 2023).
The company tied up with State Bank of India in 2006, [8] Punjab National Bank in 2007 [8] and Axis Bank in 2013 [9] to offer online trading to its customers. In January 2010, the company set up a mutual fund business named as Motilal Oswal Asset Management Company (MOAMC). [10]
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As a banker, Fadnavis has worked with Axis Bank since the last 17 years. She joined as an executive cashier and works as Vice-president – Transaction Banking Department. She migrated to the corporate office at Worli, Mumbai in January 2015 and continued working with Axis Bank even after her husband became the Chief Minister of Maharashtra. [12]
Axis Direct provides a 3-in-1 Online Investment Account [2] which is a combination of Axis Bank Savings along with an Axis Direct trading and Demat account services: Equities – Invest online in stocks of listed companies; Mutual Funds – Invest in mutual funds including equity, hybrid, tax saving or debt schemes from asset management companies
On 27 July 2017, it was officially reported that Axis Bank bought out Freecharge for $60 million. [18] On 22 March 2017, Ankit Khanna was appointed as COO. Prior to this, Khanna was the chief product officer of the company. [19] March 30, 2018, FreeCharge enables BHIM UPI on its Digital Wallet platform. [20]
(Reuters) -Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law. The lawsuit filed in U ...