Gandhinagar: Axis Bank, one of the largest private sector banks in India, has become the first Indian bank to execute an aircraft financing transaction through its International Banking Unit (IBU) at GIFT City IFSC. The deal was completed for AI Fleet Services Ltd (AIFS), the leasing arm and wholly owned subsidiary of Air India (a Tata Group Company). This marks a breakthrough in India’s aviation finance sector, traditionally dominated by multinational banks, and reinforces GIFT City’s...Read More

Ahmedabad: Axis Bank today announced it has signed a Memorandum of Understanding (MoU) with Gujarat Police to offer Health Insurance Coverage through its Gujarat Police Personnel Salary Accounts. Under this MoU, the Bank will provide comprehensive Health Insurance Coverage package to over 65,000 personnel of Gujarat Police. The package is curated to offer an array of benefits, such as cashless hospitalization, coverage for pre - and post -hospitalization expenses, specialized day-care procedu...Read More

Ahmedabad: The Detection of Crime Branch (DCB) arrested an Axis Bank deputy manager on Sunday for allegedly assisting a gang of hackers in defrauding players of the online betting platform RummyCircle. The accused, Sahadev Khokhar, reportedly shared unique alphanumeric banking codes with the gang in exchange for money. According to the police, Khokhar allegedly provided 40-50 Unique Transaction Reference (UTR) codes to the hackers, which they used to scam players out of approximately ₹6 lak...Read More

Gift City Gujart, Gandhinagar: Axis Bank inaugurated its first domestic retail branch at Gujarat International Finance Tec-City (GIFT City) for both retail and institutional customers. The new branch is located at Tower D, WTC Block No. 51, Road No. 51, Shop 10 & 11, GIFT City, Gandhinagar, Gujarat, India – 382355. The new domestic retail branch at GIFT City will complement Axis Bank’s existing banking unit, which focuses exclusively on international business within the International Fina...Read More

Mumbai: Axis Bank today announced the introduction of Digital US dollar Fixed Deposit for NRI customers at Axis Bank IBU- GIFT City. NRI customers of Axis Bank can now open US dollar Fixed Deposits at GIFT City through ‘Open by Axis Bank’; the mobile banking application of Axis Bank. This offering simplifies the process of booking US dollar Fixed Deposit for NRI customers, by providing them end-to-end digital paperless solution and eliminating the need for physical documentation. Besides op...Read More

Mumbai: Many people dream of owning a house and making it their home for all the years to come. It is a once in a lifetime decision that requires careful planning and a substantial amount of funds. No matter how comfortable a rented property is, the contentment of living under your roof is something else. There is no doubt that property is an asset that will reap you several benefits over the years. However, not everybody can afford to purchase a house. A home loan is the ideal financial assi...Read More