Quick Answer: Is Axis Bank Going To Shut Down?

Is Axis Bank a government bank?

Axis Bank is the first private sector bank authorized by the Reserve Bank of India (RBI) and Government of India to collect taxes on behalf of the State Governments.

Since 1 October 2003, Axis Bank has been able to handle all Central Government Business and State Government Business..

Who is owner of HDFC Bank?

Housing Development Finance CorporationHDFC Bank/Parent organizations

Which bank is better SBI or HDFC?

HDFC Bank has always been one of the most premium valued banks in India. The stock trades as high as three to four times the book value. SBI, on the other hand, has had a value range of one or two-time book value at best….BankMarket capitalisation as of May 4State Bank of India₹1.6 lakh croreHDFC Bank₹5 lakh croreMay 5, 2020

Who is the No 1 bank in India?

HDFC Bank ranked No. 1 in India by Forbes; Surprise at No.

Is IndusInd Bank in Trouble?

IndusInd Bank Ltd has been the worst hit by the crisis. The bank’s stock dropped 15% on Tuesday after the lender revealed in an investor call that it has lost 10-11% of its deposits since Yes Bank Ltd crumbled earlier this year. … State governments no longer think it is safe to keep money in the private sector bank.

Which bank is better SBI or Axis?

Some of the key results of the comparison between the two banks are: Lowest Interest rate of Axis Bank Home Loan is 6.90%, which is lower than the lowest interest rate of SBI at 6.95% and hence, Axis Bank is offering a cheaper loan option.

Who is the CEO of Axis Bank?

Amitabh Chaudhry (Jan 1, 2019–)Axis Bank/CEO

Who is the richest bank in India?

HDFC Bank (Housing Development Finance Corporation) – ₹816.02 billion. HDFC Bank is India’s largest private sector lender by assets and also largest bank in India by market capitalization.

Which is the 2nd largest bank in India?

The government on Friday announced the four major bank mergers, by consolidating Punjab National Bank, Oriental Bank of Commerce and United Bank to create India’s second largest lender; merging Canara Bank with Syndicate Bank to create the fourth largest PSU lender, bringing together Union Bank of India, Andhra Bank …

Which is better HDFC or Axis?

1,999 while Axis Bank charges a processing fees of Upto 1.75%. HDFC Bank offers Personal Loan upto an amount of ₹ 75 Lakh while Axis Bank offer Personal Loan upto an amount of ₹ 25 Lakh. HDFC Bank can be a better option if you are looking for a high value amount. … This makes Axis Bank a better option for Personal Loan.

Is Axis bank safe now?

Axis Bank is the third-largest bank in the private banking sector in India and hence it is very safe to invest. … Also, it provides securable services for Retail banking, corporate banking and international banking operations.

Is Axis Bank under crisis?

Otherwise it is going to lead to a huge economic crisis,” he said. The Axis Bank CEO said that India has one of the strictest lockdowns in the world. … Chaudhry’s comments come after Axis Bank reported a 65 per cent decline in its net profit for the financial year ended March 31.

Which bank is better Icici or Axis Bank?

One of their competitors in the home loan market is undoubtedly ICICI bank….Comparison Between Axis Bank vs ICICI Bank Home Loan.CategoryAxis bank Home LoanICICI bank Home LoanLoan amountRs.1 lakh – Rs.5 croreRs.5 lakh – Rs.10 croreRate of interest7.75% p.a.6.95% p.a.Loan tenureUp to 30 yearsUp to 30 years8 more rows

Who is owner of Axis Bank?

Axis BankTypePublicFounded1993HeadquartersMumbai, Maharashtra, IndiaNumber of locations4800+ branches (December 2019)Key peopleShri Rakesh Makhija (Chairman) Amitabh Chaudhry (MD & CEO)13 more rows

Is HDFC better or Icici?

ICICI Bank scored higher in 3 areas: Work-life balance, Culture & Values and % Recommend to a friend. HDFC Bank scored higher in 6 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Senior Management, CEO Approval and Positive Business Outlook.