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Latest from axis bank

How Axis Bank customers exploited reward points loophole

The glitch was first reported in 2023 and the bank fixed it in January 2024, according to reports.

Axis Bank has fixed the error that allowed customers to earn reward points for refunded payments. (Pixabay)
Updated on Mar 02, 2025 06:31 PM IST

Nifty, Sensex plunge due to falling IT stocks along with private banks and auto

Only the Nifty Oil & Gas index was in the green with all other indices being in the red.

People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 9, 2020(Francis Mascarenhas/Reuters)
Published on Jan 17, 2025 09:35 AM IST

Bank staff among 4 held for siphoning off 12.2 cr from CRED operator firm

The accused and his associated managed to link the company's dormant IDs with their personal phone number and email ID to execute the fraud.

The sophisticated fraud was exposed when the company's executives spotted suspicious transactions from their bank accounts and lodged a complaint with the police.(HT File)
Published on Dec 29, 2024 03:48 PM IST

Four arrested for siphoning off 12.5 cr from CRED in Bengaluru: Report

The fin tech company, Cred, found the fraud on November 13 during a routine bank account reconciliation.

The alleged mastermind, Vaibhav Pitadiya, 33, a relationship manager at Axis Bank in Gujarat, is accused of exploiting his insider knowledge to carry out the scheme.
Updated on Dec 29, 2024 11:08 AM IST

SC issues contempt notice to Reliance Infra subsidiary, Axis Bank in DMRC case

The dispute pertains to the operation of the Airport Express Metro line in Delhi, which was done by DAMEPL, which cancelled the contract in 2012 citing structural defects and invoked an arbitration clause to seek a termination fee and associated costs, which came up to ₹8,000 crore

The April 10 order by a three-judge bench headed by then CJI DY Chandrachud noticed that before the Supreme Court decision upholding the 2017 award, a division bench of the Delhi high court had given a reasoned decision in favour of DMRC. (HT Archive)
Updated on Dec 12, 2024 05:28 AM IST
ByAbraham Thomas
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