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RBI denies rumors on Axis Bank

Last Modified Monday, 12 December 2016 (20:40 IST)
Widgets Magazine
A regional publication had published a news article, alleging that the Government is considering cancellation of the of the Bank.
 
"In this connection, we strongly deny the contents of the said article and reiterate that the Bank has the requisite systems and controls in place for delivering banking services to its valued customers as per the norms prescribed by the RBI”, said Rajesh Dahiya – Executive Director , .
 
He also added that, “We take this opportunity to assure our investors/customers/members of the public that the Bank has a towards any violations from the set model code of conduct and is committed to adhering to the highest standards of corporate governance in all aspects of its business. Our endeavor is to provide best possible service to all our customers, at all times."

has also issued a clarification Press Release denying the rumor and has clarified that it has not initiated any action to cancel the banking licence of Axis Bank in the wake of certain allegations about some serious irregularities in transactions relating to deposit/exchange of in a few branches of the bank. The clarification comes in the background of rumours in a segment of the media that the bank was likely to lose its banking licence.
 
Widgets Magazine
Widgets Magazine
Widgets Magazine