Axis Bank, Case 9: S. Bhattacharya, Deputy Vice President/Branch Head; T.

Anand, Deputy Manager,South Delhi

Mar 13, 2013 Dekhiye rules and regulations jitne hote hain na usse doh kadam zyada aage uske tarike bhi hote hain aur tarike se kiya jaye to wo within laws hota hai (You see for all the rules and regulations there are methods which are two steps ahead of them and if you... read more >>

Axis Bank, Case 8: A.K. Gupta, Branch Head; A.K. Bansal, Assistant Manager (Operations),Ghaziabad, Uttar Pradesh
Mar 13, 2013 Ek hota hai number do ka paisa theek hai. Ab number do ka paisa number one kaise banana hai that is also a problem. Hum wo bhi kar sakte hain (One type of money is No. 2, is that right? Now making number two money number one, that is also... read more >>

Axis Bank, Case 7: V. Juneja, Manager (Operations/Investments); S. Singh, Manager (Business Banking), Noida, Uttar Pradesh
Mar 13, 2013 Ek banda ITR panch lakh dikha raha hota hai, wo saal mein kum se kum panch crore kama raha hota hai kahan jana hai paisa saara (A fellow who files an ITR of 5 lakh doesnt earn less than 5 crore a year where will all this money go)? ... read more >>

Axis Bank, Case 6: A. Gupta, Assistant Vice President, Axis Bank; P. Sinha, Relationship Associate, MAX Life Insurance, Sahibabad, Ghaziabad
Mar 13, 2013 Sir ka account khulna hai urgently char accounts aur cash uthana hai 60 lakh (We have to open account for Sir, urgently four accounts and also pick up Rs. 60 lakh cash). A. Gupta When the Cobrapost journalist reaches this branch of Axis Bank, somewhere in Sahibabad industrial...

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Axis Bank, Case 5: S. Banerjee, Deputy Manager; D. Bhattacharya, Operations Head, North 24 Parganas, Kolkata, West Bengal
Mar 13, 2013 Agar aap chahte hain main aapka account PAN ke bina bhi khol sakta hun PAN ke bina (If you want, I can open your account even without PAN without PAN). It wont be tracked. S. Banerjee Yet another branch. Still the same proposition. No disappointment, however.At the very gates... read more >>

Axis Bank, Case 4: G. Singh, Senior Manager; R. Seth, Trust/NGO In-charge; N. Gupta, Assistant Manager, Panchkula, Haryana
Mar 13, 2013 Take TCDC card to transfer money abroad or float trust, they suggest, or NGO to make your money clean Walking to the desk, the Cobrapost journalist tells the woman executive he wants to invest a big amount in some long-term insurance plan with good returns. N. Gupta immediately starts telling about... read more >>

Axis Bank, Case 3: S. Srivastava, Deputy Manager (Operations); S. Kaur, Branch Head, Noida, Uttar Pradesh
Mar 13, 2013 The bankers at this branch of Axis Bank know it well how to keep such dubious transactions off the radar, and will put all their resources at your command to make it white The Cobrapost reporter walks straight up to the desk of a lady banker at this branch of Axis... read more >>

Axis Bank, Case 2: N. Chopra, Assistant Manager, Kolkata, West Bengal

Mar 13, 2013

A refined man that Chopra is, he will never ask the colour of the money, and help make it white whichever way we want, PAN or no PAN routing it through sundry accounts, even get us a fake PAN When the Cobrapost reporter announces he has to discuss a handsome investment... read more >>

Axis Bank, Case 1: A.Mishra, Deputy Manager, East Delhi

Mar 13, 2013 Aur bhi accounts hote hain na sirkiske through kaise route karna hai sab dekh lenge (There are some other accounts, Sir. How it is to be routed through which account we will see to it) Walking into this branch of Axis Bank in a tony locality of East Delhi in the... read more >>

Axis Bank: Axis of Money Laundering

Mar 13, 2013 A pan-India undercover investigation by Cobrapost finds Axis Bank is engaged in money laundering, flagrantly violating various RBI guidelines, the provisions of the Prevention of Money Laundering Act, the Income Tax Act, and KYC norms, making the vast assets it manages, the spectacular growth it has achieved and the profits.. - See more at: http://www.cobrapost.com/index.php/topics?cid=29#sthash.C6NPfRuG.dpuf