Mumbai Police are probing allegations that Reliance Home Finance diverted bank funds after securing loans using misleading financial documents, according to a complaint filed by Axis Bank.
Axis Bank informed the stock exchanges in a regulatory filing on Wednesday that it will infuse ₹1,500 crore into its wholly owned subsidiary, Axis Finance.
At close, the Sensex was down 1,097 points or 1.37% at 78,918.90, and the Nifty was down 315.45 points or 1.27% at 24,450.45.
IndiGo, India’s preferred airline, has partnered with Axis Bank to introduce two co-branded credit cards aimed at redefining travel and lifestyle experiences for Indian consumers.
Speaking at the Axis Champions Awards held at Axis House in Mumbai, the Deputy Governor said that while banks often celebrate performance, true institutional strength lies in how results are achieved.
The BSE 150 Midcap index inched up by 0.10%, while the BSE 250 Smallcap index slipped 0.19%.
At the close, the Sensex rose 319.78 points, or 0.39%, to 81,857.48, while the Nifty gained 126.75 points, or 0.51%, to 25,175.40.
The report notes that economic growth has already picked up in FY26 as the drag from fiscal consolidation and tight liquidity conditions witnessed in FY25 has begun to ease.
Axis Bank felicitated the national winners of SPLASH, an annual pan-India competition on art, craft, and literature for children in the age group of 7-14 years.
The new soundbox will act as an all-in-one solution that will allow the users to accept Bharat QR, UPI, Tap & Pay and Tap + Pin payments.
