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80-year-old deaf man loses consumer case against bank, over insurance sold instead of fixed deposit

July 17, 2026 1:48 pm

According to the complaint, Hichha Ram Sen approached Axis Bank in 2014 to open an FD but was instead sold a Max Life insurance policy.

Property papers Axis bank lost rs 15.50 lakh relief

Delhi couple wins Rs 15.5 lakh after bank misplaces original property papers

July 09, 2026 2:09 pm

The Delhi State Consumer Disputes Redressal Commission noted that the couple repaid their home loan in March 2021 but was unable to recover their original sale deed from Axis Bank after the document went missing from the bank's custody.

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Full loan repaid, yet CIBIL not updated, bank ordered to pay customer Rs 20,000

July 08, 2026 1:32 pm

Haryana's Karnal district consumer forum said that when there was nothing due against loan amount, then it was duty of the bank to remove the name of the complainant from the CIBIL, but the bank did not do so.

Woman loses Rs 2.34 lakh in cyber fraud, bank ordered to refund, pay Rs 52,000 relief

June 30, 2026 4:17 pm

The woman stated that despite repeated follow-ups, the bank did not reverse the transactions, prompting her to approach the consumer commission alleging deficiency in service.

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Axis Bank ordered to pay Rs 3.19 crore to firm after refusing demonetised cash: Why NCDRC called it ‘deficiency in service’

March 17, 2026 10:33 am

The consumer commission concluded that Axis Bank’s refusal deprived the company of its only legal opportunity to deposit demonetised currency within the statutory window in 2016.

The banking sector’s structural weakness was exposed during the 2015-22 NPA crisis.

Why Axis Bank could be the next value play on the Indian stock market

October 27, 2025 2:50 pm

Axis Bank stock is nearing its 52-week high as the Q2 FY26 earnings hint recovery. Its 5-year-long restructuring has helped it clean up its balance sheet and improve asset quality. Is the bank set to turn a new leaf next year?

ED arrests ex-Axis fund manager in Rs 200-crore front-running case

August 04, 2025 5:27 am

Front-running refers to an illegal practice in the securities market in which brokers or traders execute orders for their own benefit using advance knowledge of pending client orders

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Odisha curbs on HDFC, ICICI and Axis Bank: Pvt lenders under scanner for poor show in govt schemes

June 26, 2025 6:47 am

According to a letter issued by Saswata Mishra, Principal Secretary of the Finance Department, Odisha government, the decision was driven by the banks' "consistently poor performance" in key flagship schemes over the past two financial years, along with "generally unsatisfactory banking parameters".

Gujarat: Bank manager arrested for Rs 2.5 crore fraud

January 21, 2025 7:06 am

To cover his tracks, Patel allegedly made his employees make false entries and diverted the money by misusing the OTP sent by Axis Bank for the RTGS transactions.

RBI slaps Rs 2.91 crore penalty on Axis Bank, HDFC Bank for not complying with directives

September 10, 2024 7:12 pm

A penalty of Rs 1 crore has been imposed on HDFC Bank for non-compliance with certain directions on 'interest rate on deposits', 'recovery agents engaged by banks' and 'customer service in banks', the press release said.