banking industry

Sky’s the limit. We want to keep pushing ourselves & are due for a rerating: Amitabh Chaudhry, Axis Bank

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Sky’s the limit. We want to keep pushing ourselves & are due for a rerating: Amitabh Chaudhry, Axis Bank

Amitabh Chaudhry, MD & CEO, Axis Bank, remains confident about gaining market share and says that Axis, one of the largest private sector banks in the country, is due for a rerating. Chaudhry says the bank is expanding the physical infrastructure and spending a lot of money digitally to ensure that “we can reach out … Read more

Delhi High Court restricts tax authorities from issuing show cause notices to banks

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Delhi High Court restricts tax authorities from issuing show cause notices to banks

The Delhi High Court has restricted the tax authorities from issuing show cause notices to 13 banks for not levying service tax on the commitment to maintain ‘minimum average balance’ (MAB) in bank accounts. While the government has sought that show cause notices to the banks should prevail, the banks contended that if show cause … Read more