CURRENT AFFAIRS

Detailed explanation-1: -UPSC Mains. Q. Which bank was recently awarded ‘Asian Bank of the Year’ at the IFR Asia Awards 2021? Notes: India’s third-largest private sector bank, Axis Bank has been awarded IFR Asia’s Asian Bank of The Year, for its breadth of coverage and depth of expertise in the Asian investment banking space.

Detailed explanation-2: -Notes: India’s third-largest private sector bank, Axis Bank, has been awarded IFR Asia’s Asian Bank of The Year, to acknowledge its performance in equity and debt issuance.

Detailed explanation-3: -The third largest private bank of India ,Axis bank was chosen as the IFR Asia’s Asian Bank of the Year .

Detailed explanation-4: -ICICI Bank has been adjudged the ‘Best Retail Bank in India’ at ‘The Asian Banker Excellence in Retail Financial Services International Awards, 2021’. This is the eighth year in a row that the Bank has won this award. The Bank has emerged a winner in two other categories among all Asian banks.

Detailed explanation-5: -The award acknowledges the bank’s outstanding performance in equity and debt issuance, across all major products and segments. Axis Bank was the only local house to serve as a global coordinator for the record Rs.