Axis Bank cuts FCNR(B) GDR rates; challenges NCLT repayment plan
Axis Bank Limited slashed FCNR(B) deposit rates for 3—5 year tenors to as low as 2.95% and separately challenged an NCLT-approved repayment plan, triggering a five-member bench review amid creditor splits.
95% from prior highs. In a separate matter, the bank is challenging the NCLT-approved repayment plan for debtor Subhash Chandra, which has prompted a five-member bench review amid creditor splits.