Private sector lender, Axis bank has asked 16 concerned officials to report to administrative offices, pending investigation which has been initiated for alleged money laundering activities.
"The bank has initiated an internal enquiry. Pending outcome of the enquiry, we have asked 16 concerned employees to report to administrative offices," sources in the Axis Bank said.
Country's three largest private banks have been alleged by online portal Cobrapost for indulging in money laundering scam.
ICICI Bank has suspended around 18 officials till investigations are completed.