India’s Axis Bank executes first onshore INR non-deliverable derivative trade with a South-based domestic corporate client following RBI directives

A customer enters a branch of Axis Bank in Mumbai

India’s third largest private sector lender Axis Bank announced on June 8 that Axis Bank has executed its first onshore INR non-deliverable derivative trade with a large domestic corporate client based in the South within the guidelines of the Central Bank. Read Also: Axis Bank acquires Citibank’s Indian retail consumer business for $1.6 billion The … Read more