Axis Bank, one of the largest private sector banks, in partnership with the India SME Forum, hosted the 9th edition of the India SME 100 Awards in New Delhi.
The Airtel Axis Bank Credit Card will offer a host of benefits such as cashbacks, special discounts, digital vouchers and complimentary services to Airtel customers.
"The discrepancy was found during the routine monthly tally of accounts and reported to the top authorities. Thereafter, an internal investigation has been launched and we have also lodged an FIR with the police," an official of Axis Bank said, requesting anonymity.
The equity is acquired for a cash consideration of Rs 5 lakh, it said.
During the quarter, recoveries and upgrades from NPAs were Rs 2,543 crore, while write-offs were Rs 3,341 crore.
Prior to joining Axis Bank, Chaudhry served as MD and CEO of HDFC Standard Life Insurance Company.
Max Life's holding company Max Financial Services and Axis Bank had first announced their intent to bring in the latter as a strategic partner in Max Life in February 2020.
The deceased got the financial help due to an MoU signed between BBMB with Axis Bank for the welfare of its employees.
With this acquisition, Axis Bank aims to strengthen its position in the insurance sector, pursuant to its investment in Fettle Tone LLP.