"Axis Bank Ltd. is Asia’s best-performing bank stock in the past year as it extends loans at twice the pace of Indian rivals wary of the highest stressed assets in more than a decade".
Also, restructured loans in India’s banking system represented 5.94% of total lending, data provided by the finance ministry in New Delhi shows. Now do one thing: Just find out whose loans the bank have restructured or in that group, how many individual accounts are there and how many accounts belong to corporates.
But then again nothing could melt the ice--the bank official surprisingly said, "No this is not possible, you need to be present in front of the Bank officials with ID PROOF". When I said, why are you harassing me, when the money is mine, he said "We have to go by the rules".
I do not think, after this kind of incident, it can be said that AXIS BANK is the best performing bank in India. It is one those banks, who will hold your money for their own interest, by showing all sorts of rules. Remember, they have not been paying any interest on my matured Fixed Deposit, since 2012. Nor they have sent me repeated reminders that my money is lying with them. But I am sure they have used my money for lending.
Anyway, I have asked my lawyer to find out if any legal action can be taken against the bank, apart from filing a law suit for adequate compensation (for the loss of time and energy).