April 10, 2018 / 9:09 AM / 6 months ago

BRIEF-Axis Bank Says Police Recovered 11 Mln Rupees In Thane Fraud Case

April 10 (Reuters) - Axis Bank Ltd:

* CLARIFIES ON NEWS ITEM THAT SAID STAFFERS AMONG 7 ARRESTED FOR DEFRAUDING AXIS BANK

* HAD FILED FIR WITH THANE POLICE ON 18TH DECEMBER 2017

* STAFF ACTION ALSO BEEN TAKEN AGAINST THE EMPLOYEES INVOLVED

* SAYS POLICE HAVE ARRESTED 7 PERSONS; RECOVERED 11 MILLION RUPEES; CO CLOSELY WORKING WITH POLICE IN THE MATTER

* EVENT DOES NOT HAVE ANY MATERIAL IMPACT ON THE BANK Source text: bit.ly/2H6FPhB Further company coverage:

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