Axis Bank scam row: In a recent statement Axis Bank CEO and Managing Director Shikha Sharma had said that the bank is too “embarrassed and upset” over the conduct of a few employees referring to the recent Axis Bank scam.
Few more Axis Bank employees have been suspended for being involved in the Rs 60 crore scam.
Finance Minister Arun Jaitley told media – “Banks have identified those employees who were not caught by the government agencies. The Axis Bank chairperson today gave us the details of those employees who were not caught by the investigative agencies but were suspected of having helped in the fraud. Those employees have been suspended by the bank.“
Axis Bank scam row – CEO and MD Shikha Sharma speaks up on the matter
“The recent media reports around the conduct of a few of our employees have left me embarrassed and upset. We have fallen short of your expectations because a handful of people did not follow our fully compliant and robust processes. We have taken the toughest action against such employees and we will do so in every case of divergence from our Code of Conduct…I regret that the misdeeds of a few people have eroded the hard work of 55,000+ employees, who have been at the front end beyond working hours, displaying extraordinary patience and commitment to their responsibilities.”
-Sikha Sharma, CEO and Managing Director, Axis Bank
She had earlier met Arun Jaitley at the bankers’ meeting with him for the pre-budgetary planning.
The CEO said that the bank has hired KPMG to further look into the matter and conduct a forensic audit for future safety. Sharma said that the bank has taken the “toughest action” against the miscreants and stringent laws will be framed to avoid future misappropriations.
She added – “I would like to reassure you that the bank has always been committed to the highest standards of operational control and continues to fully cooperate with the authorities. We have been tracking sudden surges in account activity and have proactively identified potentially suspicious accounts.”
Shikha Sharma reassured that the bank is dedicated to serving its customers in the sincerest way possible and they strive to make safeguard their interest.