Axis Bank has signed a Memorandum of Understanding with Federation of Hotel and Restaurant Associations of India (FHRAI) to enhance banking support for India’s hospitality industry. The agreement enables the bank to work closely with FHRAI’s wide member network across regions and segments.
Through this collaboration, Axis Bank will provide tailored banking and transaction solutions suited to hospitality businesses. These include specialised current accounts, concessions on POS rentals, cash management services, and support for payment infrastructure setup. Eligible members may also benefit from customised financial offerings based on their requirements.
With rising domestic travel, increasing incomes, and improved infrastructure driving growth, the partnership aims to create long-term value and strengthen financial access across the hospitality ecosystem.
10-04-2026
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