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of <h1>RBI Confirms No Action to Revoke Axis Bank License Amid Allegations of Irregularities in Specified Bank Notes Handling.</h1> The Reserve Bank of India has clarified that it has not taken any steps to revoke the banking license of Axis Bank despite allegations of significant irregularities in transactions involving the deposit and exchange of Specified Bank Notes at some of its branches. This statement was issued to address media rumors suggesting that the bank might lose its license.
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