Axis Bank Receives EPFO Penalty of ₹1.39 Crore

Axis Bank discloses receipt of EPFO orders levying ₹91.51 lakh damages and ₹47.35 lakh interest for delayed PF remittances.
Penalty covers period from April 2022 to June 2024 for violations under EPF Act sections 7Q and 14B.
Bank states it has submitted requisite information and anticipates no significant financial or operational impact.
Regulatory filing made to exchanges under SEBI Listing Regulations disclosure requirements.