Clarification On Media Reports
We draw your attention to media reports referring to a Bank Guarantee issued by the Bank to certain Telecom companies. The said Bank Guarantee has been issued by the Bank on behalf of Bharti Airtel Limited. Telecom Disputes Settlement and Appellate Tribunal (TDSAT), vide its order dated 9th January, 2018 has required the said BG to be returned. Axis Bank has been informed that the TDSAT order is operative. We are seeking clarification from...21-03-2018