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No action initiated to cancel Axis Bank license: RBI

No action initiated to cancel Axis Bank license: RBI

New Delhi, Dec 12 (IBNS): The Reserve Bank of India on Monday 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 or exchange of Specified Bank Notes in a few branches of the bank.

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    No action initiated to cancel Axis Bank license: RBI Mon, Dec 12 2016