axis bank – pressnews

[ad_1] After being chided by RBI brass for missing the UPI bus by not investing early, a top executive of Axis Bank on Thursday said banks do not have money to burn. After being chided by RBI brass for missing the UPI bus by not investing early, a top executive of Axis Bank on Thursday said banks do not have money to burn for building such businesses. "We didn't have ₹3,000 crore of money to make a loss on," was the quick response of Amitabh Chaudhry, the managing director and chief executive of the third largest private sector lender, when asked to comment on RBI Deputy Governor T Rabi Sankar's weekend statement. Speaking at an event organised by brokerage Motilal Oswal, Chaudhry further said businesses like Unified Payments Interface (UPI) are loss-making and also lack cash fl...

[ad_1] With India's festive season underway, Samsung launched a new credit card with India's Axis Bank to offer 10% cashback all year. Samsung Electronics is targeting repeat purchases from its 175 million customers in India through a new cashback credit card, a senior executive said, a move to boost sales in the critical market where it was once the top smartphone seller. With India's festive season underway, the South Korean electronics giant on Monday launched a new credit card with India's Axis Bank to offer 10% cashback all year round to customers buying Samsung products. Typically, such discount offers are available on e-commerce websites such as Amazon. com Inc and other brick-and-mortar stores only during the fe...

Tag: axis bank

After RBI criticises Axis Bank for missing UPI bus, MD & CEO reacts

Good news! Samsung cashback card coming