Axis Bank Max Life case: Subramanian Swamy's PIL for probe a

Axis Bank has opposed a public interest litigation (PIL) filed by BJP leader Subramanian Swamy seeking a probe into an alleged fraud involving the bank's sale and purchase of shares in Max Life Insurance. The PIL alleges that Axis Bank made undue profits totaling INR 4,000 crore ($527 million) in a non-transparent manner and in violation of applicable regulations.

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