2017-08-17 :Axis Bank launches new affordable home loan product
Private sector lender, Axis Bank has announced the launch of a new affordable home loan product, Shubh Aarambh home loans. Under the scheme, loans up to Rs. 30 lakh will be given waiver of 4 EMIs during every 4th, 8th and 12th year of the home loan.
2017-08-16 :Axis Bank launches Invoicemart
Private sector lender, Axis Bank has announced the launch of its digital invoice discounting platform, Invoicemart. The newly launched platform has been designed to improve access of funds to micro, small and medium sector enterprises (MSMEs).
2017-08-08 : Axis Bank cuts SB deposit rates by 50 bps
Referring to the apex body’s decision to cut repo rate, Axis Bank has also decided to cut interest rate on its savings bank (SB) deposits. The bank will now offer a rate of 3.5 per cent interest on SB deposits up to Rs. 50 lakh while for the deposits above Rs. 50 lakh the interest rate continues to be at 4 per cent as offered earlier. The revised SB rate is effective from August 8th, 2017.
2017-08-05 : Axis Bank lowers home loan rates
Private sector lender, Axis Bank has reduced its rates on home loans. The interest rate on housing loans for loans above Rs. 30 lakh will be now 8.40 per cent per annum. The change in home loan interest rate by the bank is due to repo rate cut by the Reserve Bank of India (RBI).
2017-07-28 :Axis Bank aims to double customer base with FreeCharge buyout
With its deal to buy 100 percent stake in digital mobile payment platform for Rs. 385 crore, Axis Bank is planning to double its customer base by acquiring FreeCharge’s customers. With this deal, the bank intends to add 5.4 crore customers to its customer base of around 2 crore.
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