Axis Bank awaits probe report on alleged mutual fund scam: Report

Axis Bank will wait for the report on an investigation into alleged front-running at Axis Mutual Fund (MF) before taking the final decision on penalising guilty officials, Moneycontrol reported. The allegations are being probed by two external agencies appointed by Axis MF. The probe was launched in February 2022, Axis MF MD and CEO Chandresh Nigam said on May 8.