Axis Bank refutes reports of Rs 44,000 crore loan to SREI Group as baseless
Axis Bank said that its outstanding loan to SREI entities and SREI group (including SREI entities) stood at Rs 411 crore and Rs 800 crore, respectively, as on December 14, 2020
Chitranjan Kumar | December 15, 2020 | Updated 23:09 IST
ScamBreaking.com alleged that Axis Bank provided Rs 44,000 crore loan to SREI Infrastructure and Finance
Axis Bank on Tuesday clarified on a claim by Australia-based news portal, Scams Breaking, that the private sector lender provided loans to Kolkata-based SREI Infrastructure to the tune of Rs 44,000 crore without any due diligence and verification of end use of the loan amount.