Axis Bank suspends 24 employees, 50 accounts after suspicious deals

Private sector Axis Bank has said it has so far suspended 50 accounts and 24 employees for suspicious activities in its operations. Axis’s retail banking head Rajiv Anand said so far the investigating agencies had visited eight branches, including five in New Delhi, and the number of employees suspended has gone…

ED arrests two Private Bank Officers for helping in conversion of black money

In a very shocking incident, the Enforcement Directorate has arrested two bank managers from Axis bank after they acted as mediators for converting black money into white, in lieu of a gold brick. Officials identified the two managers as Shobit Sinha and Vineet Sinha, working as managers in the Kashmere Gate branch of…