February 15, 2018 / 4:45 AM / 3 months ago

BRIEF-Axis Bank Says Co Sold All Transactions With PNB Against Authenticated SWIFT LOUs

Feb 15 (Reuters) - Axis Bank Ltd:

* SAYS BANK, THROUGH OVERSEAS BRANCHES, UNDERTAKES TRANSACTIONS AGAINST LETTERS OF UNDERTAKINGS ISSUED BY OTHER BANKS

* SAYS BANK HAS UNDERTAKEN SUCH TRANSACTIONS WITH PNB AGAINST AUTHENTICATED SWIFT LOUS

* SAYS HAS 'SOLD DOWN ALL OF THE REFERRED TRANSACTIONS' Source text - bit.ly/2BsYbG6 Further company coverage:

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