16 Oct 2025 | 5 Mins Read
Axis Bank asserts corrective action taken on old RBI legal matter
Flipitmoney
Axis Bank received a "letter of caution" from RBI about a long-pending legal matter from 2010 concerning an account. CEO Amitabh Chaudhry stated corrective measures have been taken, and the impact is reflected in their numbers. Axis Bank is engaging with RBI for clarification, emphasizing compliance is central to their operations. Standalone net profit dropped 26% YoY.