Axis Bank
Indian private sector bank
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2024 | Axis Capital was barred by SEBI from taking on new debt assignments due to irregularities found in a non-convertible debentures issue for Sojo Infotel. |
2021 | Reduced stake in Yes Bank from 2.39% to 1.96%. |
January 22 2020 | The company launched its ESG (Environmental, Social, and Governance) fund. |
September 2019 | Axis Mutual Fund launched an index fund based on Nifty 100, known as Axis Nifty 100 Index Fund. |
January 1 2019 | Amitabh Chaudhry took over as Managing Director and CEO of Axis Bank. |
2017 | Acquired Freecharge, a digital marketplace for financial services, for approximately ₹385 crore. |
2016 | Multiple Axis Bank employees were arrested for facilitating money laundering activities in the aftermath of the Indian banknote demonetisation. Media reports suggested the bank's aggressive performance targets and internal culture contributed to these illegal activities. |
August 24 2014 | Enam International Ltd., UAE was voluntarily dissolved. |
March 2014 | Indian government sold a 9% stake out of its total 20.7% stake in Axis Bank. |
2013 | An Indian online magazine conducted a sting operation revealing widespread violations and money-laundering schemes involving Axis Bank's top officials, leading to penalties from the Reserve Bank of India. |
2013 | Axis Bank's subsidiary, Axis Bank UK, commenced banking operations. |
May 25 2013 | The sales and securities business, including the retail broking business of Axis Capital Ltd, was merged with Axis Securities Ltd. |
April 2012 | Schroders, an asset management company, acquired a 25% stake in Axis Mutual Fund. |
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