Latest news with #NeerajGambhir
Time of India
18-07-2025
- Business
- Time of India
Axis Bank appoints Neeraj Gambhir as executive director
Axis Bank on Friday announced that it has appointed Neeraj Gambhir as an executive director, effective from August 4, 2025 or post Reserve Bank of India approval, whichever is later, the private lender said in an exchange filing Friday. The appointment comes as Rajiv Anand, deputy managing director of Axis Bank, decided to step down after the completion of his current term in August 2025. He will retire from the services of the bank on August 3 after completion of his third term as a director on the bank's board. Explore courses from Top Institutes in Select a Course Category Operations Management Public Policy Finance Others Technology Healthcare others Data Analytics Data Science PGDM Data Science healthcare Digital Marketing CXO Project Management Leadership MCA Degree Cybersecurity Design Thinking Artificial Intelligence Management Product Management MBA Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details With over 30 years of experience in India's financial sector, the 52-year-old bank veteran was working as the Managing Director of Nomura, India, heading their fixed income business. He has also worked for Lehman Brothers, India and ICICI Bank . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Gambhir is currently a member of SEBI's Advisory Committees on Mutual Funds and Corporate Bonds and Securitisation (COBOSAC). He holds a Bachelor of Engineering degree in Computer Science and has done his Post Graduation in Business Management from Indian Institute of Management, Lucknow where he was awarded PGP Chairman's Medal. Earlier during the day, Axis Bank shed 4.6% on Friday, a day after the private lender reported an unexpected drop in June quarter profit, with analysts citing higher credit costs and margin pressures as key concerns. Live Events The stock was the top loser on Nifty Bank and Nifty Private Bank, which were trading 0.4% and 0.9% lower, respectively. It also fell the most on benchmark Nifty 50, which was trading flat. India's fourth-largest private lender by market value reported a surprise lower quarterly profit drop on Thursday, as its bad loans surged after a one-time industry benchmarking exercise. Its net interest margin also contracted to 3.8% from 4.05%.
Business Upturn
18-07-2025
- Business
- Business Upturn
Axis Bank appoints Neeraj Gambhir as Executive Director
By Aditya Bhagchandani Published on July 18, 2025, 13:23 IST Axis Bank shares are in focus after the private lender announced key leadership changes, including the appointment of Neeraj Gambhir as Whole-time Director and the resignation of senior executive Arjun Chowdhry. In a regulatory filing on Friday, Axis Bank said its Board of Directors approved the appointment of Neeraj Gambhir as Executive Director (Whole-time Director) for a term of three years starting August 4, 2025, or from the date of RBI approval, whichever is later. His appointment is subject to shareholder and RBI approvals. Gambhir, who currently serves as Group Executive – Treasury, Markets, and Wholesale Banking Products, brings over three decades of experience in the Indian financial sector. He has previously held leadership roles at Nomura India, Lehman Brothers, and ICICI Bank, contributing to the development of India's financial markets and serving on several SEBI advisory committees. Meanwhile, Arjun Chowdhry, Group Executive – Affluent Banking, Cards, Payments and Retail Lending, has decided to pursue entrepreneurial interests and tendered his resignation. He will be relieved from his duties at the close of business on August 31, 2025. The Board recorded its appreciation for his contributions during his tenure. These decisions were taken at the bank's board meeting held earlier on Friday. The leadership reshuffle underscores Axis Bank's focus on strengthening its senior management team and aligning leadership with the bank's growth strategy in an evolving financial landscape. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
United News of India
21-04-2025
- Business
- United News of India
Tally Solutions launches TallyPrime 6.0, Revolutionizing financial ops for SMEs with connected banking
Kolkata, Apr 21 (UNI) Tally Solutions Pvt Ltd, India's leading business automation software provider, has introduces its latest release, TallyPrime 6.0, designed to simplify financial operations for small and medium enterprises (SMEs) and make it seamless via Connected Banking experience. This advanced upgrade revolutionizes bank reconciliation, banking automation, and financial management for businesses and accountants. Building on its expertise in delivering connected services such as e-invoicing, e-way bill generation, and GST compliance, Tally takes another significant step towards empowering SMEs with integrated banking capabilities. This new release reinforces Tally's commitment to connecting businesses with their ecosystems and enabling them to operate with unparalleled simplicity. Keeping with its vision of making the business network seamless TallyPrime's Connected Banking feature takes integration to the next level by bringing banks inside Tally. Unifying accounting and banking into a single system, with secure login and real-time connectivity through partnerships with Axis Bank and Kotak Mahindra Bank. Users can access live bank balances and transaction updates directly within the platform, ensuring they always have the most updated information and insights about their working capital, empowering businesses to make smarter financial decisions. With the ability to process payments, instantly reconcile transactions, and monitor bank balances within Tally businesses can stay agile, optimize resources, and maintain full control over their financial operations. While launching TallyPrime 6.0, Tejas Goenka, Managing Director, Tally Solutions said, 'Our mission has always been to build technology that helps simplify business operations for SMEs. With TallyPrime 6.0, we're addressing a critical need by integrating banking directly within the Tally platform empowering businesses to focus on growth and innovation without the distraction of operational complexities, enabling them to save 30-50% of their time. This release comes with multiple other features like enhanced bank reconciliation, working capital optimization through financial institution linkages, further strengthening the existing capabilities of GST compliance with connected e-invoicing and e-way bill generation.' TallyPrime's smart bank reconciliation transforms how SMEs and accountants manage their books by seamlessly aligning financial records with banking transactions. Enabling faster reconciliation, timely account finalization for audits, and real-time operational insights—all within a unified, intuitive platform. Additionally, the integration of UPI payments and payment links simplifies collections, ensuring smoother cash flow. Commenting on the launch, Neeraj Gambhir, Group Executive & Head - Treasury, Markets & Wholesale Banking Products, Axis Bank said, "Axis Bank has always been at the forefront of innovation by introducing pioneering solutions for its customers for seamless banking experience. We are committed to empower our SME clients by integrating technology into financial solutions. The SME Business Banking landscape is evolving rapidly, and there is a need for a comprehensive solution for all their Banking and Beyond Banking requirements. With this 'connected banking solution', customers can integrate bank account inside TallyPrime and streamline their banking operations by improving efficiency and agility in financial decision-making. This initiative is a continuation of our ongoing efforts to significantly enhance the digital experience of our clients." Security remains a cornerstone of TallyPrime 6.0, incorporating end-to-end encryption, multi-layered access controls, and real-time fraud detection to ensure safe banking transactions. This launch reaffirms the company's commitment to ensuring complete security and privacy of its customers' financial data. Tally continues to enhance business management with advanced technology, offering a seamless and holistic experience through TallyPrime 6.0. From connected GST and e-invoicing to WhatsApp-based alerts (WABA), cloud access, and integrated financing, Tally empowers businesses with simplified, efficient, and connected solutions for smoother operations. UNI SJC
Yahoo
28-03-2025
- Business
- Yahoo
India's Axis Bank, J.P. Morgan roll out anytime dollar payments for clients
MUMBAI (Reuters) - India's Axis Bank has partnered with J.P. Morgan to offer real-time U.S. dollar payment capabilities to commercial clients in the country, facilitated by Kinexys, the U.S-based lender's blockchain and digital assets unit. This is the first instance where an Indian company will have the flexibility to make or receive dollar payments at any time, J.P. Morgan said in a statement on Thursday. Axis Bank will deliver the 24/7 dollar clearing capability for clients out of Gujarat International Finance Tec-City, or GIFT city, an international financial services center. The collaboration with Kinexys will offer "significant value" to clients by streamlining payments, unlocking liquidity and adding further optionality on cross-border payments, Neeraj Gambhir, group executive & head - treasury, markets & wholesale banking products, at Axis Bank said. Currently, companies can make cross-border payments that are settled on the same day. Naveen Mallela, global co-head at Kinexys, illustrated the anytime payment capability by saying that Indian companies can now make dollar payments to Middle Eastern clients on Sundays, which are standard working days in that region. "The ability to move money 24X7 without cutoffs essentially reduces the cost of liquidity for processing of payments. Furthermore, the payment rails are designed to be completely no-deduct which will ensure full preservation of payment amount until it reaches the final beneficiary," Mallela said. Sign in to access your portfolio
Reuters
27-03-2025
- Business
- Reuters
India's Axis Bank, J.P. Morgan roll out anytime dollar payments for clients
MUMBAI, March 27 (Reuters) - India's Axis Bank has partnered with J.P. Morgan to offer real-time U.S. dollar payment capabilities to commercial clients in the country, facilitated by Kinexys, the U.S-based lender's blockchain and digital assets unit. This is the first instance where an Indian company will have the flexibility to make or receive dollar payments at any time, J.P. Morgan said in a statement on Thursday. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here. Axis Bank will deliver the 24/7 dollar clearing capability for clients out of Gujarat International Finance Tec-City, or GIFT city, an international financial services center. The collaboration with Kinexys will offer "significant value" to clients by streamlining payments, unlocking liquidity and adding further optionality on cross-border payments, Neeraj Gambhir, group executive & head - treasury, markets & wholesale banking products, at Axis Bank said. Currently, companies can make cross-border payments that are settled on the same day. Naveen Mallela, global co-head at Kinexys, illustrated the anytime payment capability by saying that Indian companies can now make dollar payments to Middle Eastern clients on Sundays, which are standard working days in that region. "The ability to move money 24X7 without cutoffs essentially reduces the cost of liquidity for processing of payments. Furthermore, the payment rails are designed to be completely no-deduct which will ensure full preservation of payment amount until it reaches the final beneficiary," Mallela said.
