axis bank

Axis Bank cracks down on customers who gamed its rewards system

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Axis Bank cracks down on customers who gamed its rewards system

“Since you have redeemed X excess reward points beyond what is rightfully accrued by your transactions, we request you to pay INR 23,25,639 to the Bank as per MITC clause…” The notice was part of the bank’s recent effort to recover rewards points accumulated by some credit card holders through a technical loophole in 2023. … Read more

One-third of NSE 500 stocks now cheaper than pre-covid valuation – ETCFO

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One-third of NSE 500 stocks now cheaper than pre-covid valuation - ETCFO

About a third of NSE 500 stocks are cheaper than their pre-Covid valuations, as measured by price-to-earnings (PE) and price-to-book (P/B) ratios. Following the sharp market correction since October 1, several blue-chip companies are 10-60% below March 2020 levels by these key metrics. They include HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India … Read more