Giving a clean chit to three private banks alleged on money laundering, RBI Deputy Governor KC Chakrabarty said there is no systemic scam that has happened in the Cobrapost allegations, reports said. Read more
Tag: Axis Bank
Cobrapost’s Operation Red Spider: ICICI suspends 18 employees,RBI probing
Sensational exposition of money laundering allegations against three private banks has left out 18 employees of ICICI from the bank, suspending them. Read more
Cobrapost Expose: ICICI, HDFC, Axis grill in money laundering, probe starts
A Cobrapost sting operation has bow the Indian banking system into a controversial row, exposing the alleged role of top private sectors lenders ICICI Bank, HDFC and Axis Bank in money laundering practices. Read more
Airtel & Axis Bank ties-up to provide mobile banking services
India’s top mobile phone operator Bharti Airtel, earlier has charged under ED scanner for money laundering, announced its partnership with Axis Bank to offer Airtel mCommerce banking and payment services to India’s customers.
Introducing its subsidiary’s plan, the company said, “No-frills savings account of Axis Bank will be opened for customers on the Airtel Money platform called Airtel Money Super Account powered by Axis Bank, offering customers banking transactions, including cash deposit, money transfer and withdrawal.” Read more
