Tag: Axis bank

Fitch downgrades long-term default and viability rating of ICICI and Axis banks

Newsroom24x7 Network Mumbai: Fitch Ratings has downgraded ICICI Bank Limited’s Long-Term Issuer Default Rating (IDR) to ‘BB+’ from ‘BBB-‘ and its Viability Rating to ‘bb+’ from ‘bbb-‘. The Outlook on the IDR is Stable. Fitch has also affirmed ICICI’s Support Rating at ‘3’ and Support Rating Floor at ‘BB+’. A full list of rating actions

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Fictitious transaction of sale of property in Delhi: Banks and financial institutions cheated

Newsroom24x7 Network New Delhi: Delhi Police have registered a case of serious economic offences against few persons accused of have dishonestly and fraudulently, in conspiracy with each other and some other unknown persons have cheated multiple banks and financial institutions, including Aditya Birla Housing Finance Limited  (ABHFL),  Syndicate Bank, Canara Bank, Axis Bank, Indian Bank,

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Demonetisation fraud: Banker wants to surrender before court

Newsroom24x7 Staff New Delhi: Responding to a plea to surrender by a private bank manager who was arrested by the enforcement Directorate for alleged bank fruad linked with demonetisation, a special court here has sought a report from the Delhi Police A special court has sought a report from Delhi Police on a plea by

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Money lending scenario in Indian banks – home is where the money is !

Newsroom24x7 Desk New Delhi : Money lending scenario in Indian banking industry, which has been witnessing a slow momentum from the corporate clientele is showing a trend of pick up, as demand for home loans are nudging a tad higher and building up expectations for Indian banks to strengthen mortgage lending in home-sector. With India’s

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