by AIP Online Bureau | Oct 26, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Regulation
The show cause notice (SCN) is being reviewed and will be filing responses to the SCN with Sebi as the said transactions were undertaken with requisite regulatory approvals, Axis Bank said New Delhi: Capital market regulator Securities and Exchange Board of India has...
by AIP Online Bureau | Aug 13, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Regulation
On Monday, the high court bench led by Acting Chief Justice Manmohan and Justice Tushar Rao Gedela declined to admit the PIL In February, Swamy filed an PIL before the Delhi High Court seeking a comprehensive probe into the alleged fraud in Axis Bank involving undue...
by AIP Online Bureau | Apr 4, 2024 | Banking & Bancassurance, Life, Regulation
Axis Bank proposes to infuse Rs 1,612 crore in Max Life Insurance. Approval for the transaction from the Insurance Regulatory and Development Authority of India (IRDAI) and the Pension Fund Regulatory and Development Authority (PFRDA) was received by Max Life through...
by AIP Online Bureau | Mar 25, 2024 | Data, Non-Life
The complainant is justified to claim of Rs 30 lakh with an interest rate of 6 per cent from the date of repudiation (June 5, 2019) till its actual realisation, the commission said. It directed the bank and the insurance firm to issue the claim jointly and...
by AIP Online Bureau | Feb 15, 2024 | Indian News, Life, Regulation
Subramanian Swamy In his petition, Swamy has alleged Axis Bank made undue profits totalling Rs 4,000 crore from the sale and purchase of equity shares of Max Life in a non-transparent manner and in violation of the applicable regulations. New Delhi: BJP leader...
