Axis Bank says reports on Srei exposure ‘grossly inaccurate’

Private sector lender Axis Bank on Tuesday said the report, issued by an Australia-based news platform, which alleged that the bank has provided loans to Srei entities without any due diligence and verification of end use of the loan amount is “grossly inaccurate and baseless”.

from Banking & Finance – The Financial Express https://ift.tt/38bEP7l