Axis Bank fake accounts: Will take strict action against those responsible, says bank

A survey conducted by the Income-Tax department at the Chandni Chowk branch of Axis Bank on Friday led to the discovery of 44 fake bank accounts.

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IT dept conducted survey at Axis Bank’s Chandni Chowk branch. (ANI Photo)

Following the discovery of 44 fake accounts from the bank’s Chandhi Chowk branch in Delhi on Friday, Axis Bank responded saying they will cooperate with the investigating agencies in the case and will take strict action against those responsible. “We are cooperating with investigating agencies; strict action will be taken against any employee found deviating from guideline,” said an Axis Bank spokesperson, as reported by news agency ANI.

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The spokesperson also said that the bank was committed to following the “highest standards of corporate governance” and assured that that such incidents would be met with zero tolerance. “Bank is committed to following highest standards of corporate governance and has zero tolerance towards any deviation on part of any of its employees from the set model code of conduct,” the spokesperson added.

ALSO READ: Demonetisation: I-T department discovers 44 fake accounts at Axis Bank’s Chandni Chowk branch

A survey conducted by the Income-Tax department at the Chandni Chowk branch of Axis Bank on Friday led to the discovery of 44 fake bank accounts. Over Rs 100 crore was allegedly found in these accounts. The bank allegedly did not follow KYC norms set by the RBI. Tax authorities claimed that since the demonetisation of high tender notes, over Rs 450 crores has been deposited into these accounts.

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