Is Axis Bank Under Crisis?

Who is the CEO of Axis Bank currently?

Amitabh ChaudhryAmitabh Chaudhry is the Managing Director and Chief Executive Officer of Axis Bank.

He joined the bank in January 2019, after successfully leading HDFC Life for nine years..

Is Axis Bank going to shut down?

“In line with the said objective, the bank has taken a decision to fully wind down and close the operations of Axis Bank UK Ltd, a subsidiary of the bank and targeting for surrendering of the banking licence by end of April 2021, which has been reviewed with the UK regulators viz.

Which bank is better Axis or HDFC?

Both Axis Bank and HDFC Limited follow the same formula when it comes to ascertaining the loan amount. But, in terms of interest rates, HDFC is a better option as its highest rate is 8%. Whereas, Axis Bank Home Loan Interest rates are can go upto 8.55%.

Is HDFC better than SBI?

This is despite the fact that SBI’s balance sheet is four times larger than HDFC Bank, has 10 times more customers, and is owned by the government of India….BankMarket capitalisation as of May 4State Bank of India₹1.6 lakh croreHDFC Bank₹5 lakh croreMay 5, 2020

Who is the first CEO of Axis Bank?

On 30 July 2007, UTI Bank changed its name to Axis Bank. In 2009, Shikha Sharma was appointed as the MD and CEO of Axis Bank. In 2013, Axis Bank’s subsidiary, Axis Bank UK commenced banking operations. On 1 January 2019, Amitabh Chaudhry took over as MD and CEO.

What is the full form of Axis Bank?

The United Trust of India (UTI) is considered one of the largest private banks in India. However, the bank later changed the name to AXIS that has no full form and is simply a name. IDBI. This is a government owned bank and the Full name is Industrial Development Bank of India (IDBI).

Who is the No 1 bank in India?

HDFC BankHDFC Bank ranked No. 1 in India by Forbes; Surprise at No. 3; SBI not in top 10.

Is money safe in Yes Bank?

Given the size of the bank, the government stepped in rather quickly and it is unlikely that a bank of the size of Yes Bank would be allowed to collapse. This makes the deposits of Yes Bank safe at least for a tenure of 1-2 years.

Which private bank is best?

Housing Development Finance Corporation Limited, popularly known as HDFC Bank, ranks number 1 among the list of best private banks in India….HDFC Bank. … ICICI Bank. … Axis Bank. … Kotak Mahindra Bank. … Yes Bank. … Federal Bank. … IndusInd Bank. … RBL Bank.More items…•

Which Axis bank account is best?

Prime Savings AccountUnlimited (free) cheque books, without any charge.Unlimited (free) Demand Draft (DD), without any charge.A Secure Plus Debit Card, at a zero issuance fee.Daily withdrawal limit of Rs 50,000 at ATMs.Daily limit of Rs 75,000 on shopping transactions.Earn Axis eDGE Reward points.More items…•

Who is owner of HDFC Bank?

Housing Development Finance CorporationHDFC Bank/Parent organizations

Is Axis Bank in danger?

Axis Bank is the third-largest bank in the private banking sector in India and hence it is very safe to invest. … The bank offers different loans and fee-based products and services to large and mid-corporate customers.

Is Axis Bank a government bank?

Axis Bank is the first private sector bank authorized by the Reserve Bank of India (RBI) and Government of India to collect taxes on behalf of the State Governments. Since 1 October 2003, Axis Bank has been able to handle all Central Government Business and State Government Business.

Are banks going to shut down in India?

“Nine banks will be closed permanently by Reserve Bank of India. If anybody having transactions in it please withdraw it. The names of the banks are Corporation Bank, UCO Bank, IDBI, Bank of Maharashtra, Andhra Bank, Indian Overseas Bank, Central Bank of India, Dena Bank and United Bank of India.

Which is the safest bank in the world?

For the twelfth time in a row, the US finance magazine Global Finance declared KfW the “World’s Safest Bank”. KfW once again confirmed its leading position among the 500 largest banks worldwide.