Axis Bank credit card users impacted by fraudulent transactions: How did it happen? How many are impacted?

1 year ago

Axis Bank credit card users impacted by fraudulent transactions: How did it happen? How many are impacted?

Multiple Axis Bank credit cards' customers have been impacted by fraudulent overseas transactions, a senior official from the third largest private sector lender said. Customers witnessed unauthorised transactions where they received transaction alerts on certain low-value purchases being carried out at some e-commerce sites, Sanjeev Moghe, head of cards and payments at Axis Bank said. The official said that the bank's internal mechanisms stopped some transactions but many customers have been impacted. Axis Bank is replacing credit cards for the impacted customers and charging back the debited amount.

Hindustan Times

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RBI imposes monetary penalty on Axis Bank and HDFC Bank—here’s why

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RBI imposes monetary penalty on Axis Bank and HDFC Bank—here’s why

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Axis Bank fined ₹1.66 crore for failing to detect and report fraud NSG account and transaction

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Axis Bank fined ₹1.66 crore for failing to detect and report fraud NSG account and transaction

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Axis Bank Hit With Rs 1.66 Cr Fine By FIU For Failing To Detect Fraud NSG Account

9 months, 3 weeks ago

Axis Bank Hit With Rs 1.66 Cr Fine By FIU For Failing To Detect Fraud NSG Account

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Axis Bank completes Citibank India deal

2 years, 1 month ago

Axis Bank completes Citibank India deal

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Axis Bank Completes Acquisition of Citibank's India Business; What It Means For Customers

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Axis Bank Completes Acquisition of Citibank's India Business; What It Means For Customers

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Axis Bank turns a corner with a decent Q1 show

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Axis Bank turns a corner with a decent Q1 show

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Axis Bank becomes target of outrage and ridicule after multiple raids

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Axis Bank becomes target of outrage and ridicule after multiple raids

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He booked bus tickets online, money takes flight

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'Dipika episode will affect Axis Bank reputation'

11 years, 7 months ago

'Dipika episode will affect Axis Bank reputation'

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