Gandhinagar: Axis Bank, one of the largest private sector banks in India, has become the first Indian bank to execute an aircraft financing transaction through its International Banking Unit (IBU) at GIFT City IFSC. The deal was completed for AI Fleet Services Ltd (AIFS), the leasing arm and wholly owned subsidiary of Air India (a Tata Group Company). This marks a breakthrough in India’s aviation finance sector, traditionally dominated by multinational banks, and reinforces GIFT City’s...Read More

Ahmedabad: Axis Bank today announced it has signed a Memorandum of Understanding (MoU) with Gujarat Police to offer Health Insurance Coverage through its Gujarat Police Personnel Salary Accounts. Under this MoU, the Bank will provide comprehensive Health Insurance Coverage package to over 65,000 personnel of Gujarat Police. The package is curated to offer an array of benefits, such as cashless hospitalization, coverage for pre - and post -hospitalization expenses, specialized day-care procedu...Read More

Ahmedabad: The Detection of Crime Branch (DCB) arrested an Axis Bank deputy manager on Sunday for allegedly assisting a gang of hackers in defrauding players of the online betting platform RummyCircle. The accused, Sahadev Khokhar, reportedly shared unique alphanumeric banking codes with the gang in exchange for money. According to the police, Khokhar allegedly provided 40-50 Unique Transaction Reference (UTR) codes to the hackers, which they used to scam players out of approximately ₹6 lak...Read More