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Kalka resident falls prey to credit card activation fraud, loses ₹2 lakh
On April 7, at about 7 pm, he got a call from an unidentified person who claimed to be a bank employee and asked him as to why he has not activated his credit card. Jain told him that he already has a credit card and does not want a new one. The caller then told him that he will help close the credit.

Axis Bank shares fall over 2%, m-cap plummets by 6,413 cr after 5,361 cr loss
Axis Bank stock fell by 2.39 per cent to settle at ₹860 apiece on the Sensex. During the day, it went lower by 3.09 per cent to ₹853.75.

Axis Bank reports Q4 loss larger than expected due to Citi deal
Axis, India's fourth-largest bank by market capitalisation, in March closed a deal to acquire Citigroup Inc's local consumer and non-banking finance businesses.

Axis Bank takes over Citibank's ops in India. How are Citi customers affected?
The private lender has acquired Citigroup's India consumer business from Citibank NA, at an overall consideration of ₹11,603 crore.

SEBI bars 21 entities in Axis mutual fund front-running case
The regulator conducted a probe in a case of front running in trades of Axis MF between September 2021 and March 31, 2022. Front running is a market malpractice of trading in securities ahead of large client orders for personal gains.
