Axis Bank, a top debt arranger in India, has seen the departure of three senior executives. The reasons for their exit were not immediately specified.

Axis Bank has reduced its workforce by 3,000 employees in FY26, attributing the layoffs to increased productivity resulting from technological investments.

Larsen & Toubro, Axis Bank, Mahindra & Mahindra, Eternal and Bajaj Finance were also among the major laggards.

Apple is reportedly preparing to launch its mobile payment service, Apple Pay, in India, engaging with prominent banks such as ICICI, HDFC, and Axis Bank.

Puneet Sharma, the Chief Financial Officer of Axis Bank, has resigned from his position, effective August 31.

The Indian stock market experienced mixed movements today, with both the BSE and NSE recording gains and losses across various sectors, highlighting Trent and SBI as top gainers while Titan and Axis Bank faced declines.

India's National Consumer Disputes Redressal Commission (NCDRC) has ordered Axis Bank to pay Rs 3.19 crore to a firm, ruling that the bank's refusal to accept demonetized cash constituted a 'deficiency in service.'

Axis Bank has been ordered to pay Rs 1.17 lakh (approximately $1,400 USD) to a customer due to an unauthorized UPI transaction.

Banks across India, including major institutions like SBI, PNB, ICICI, HDFC, and Axis Bank, will be closed for up to six days next week. Customers are advised to check the full holiday schedule.

A consumer panel has directed Axis Bank to pay ₹3.19 crore as compensation for refusing to accept demonetised notes in 2016, ruling against the bank's actions.