Axis Bank: Cash transfer agency employees escape with Rs 7.5 crore near Bengaluru

Axis Bank, India's third largest private sector lender, became a victim of robbery to the tune of Rs 7.5 crore when employees of a cash transfer agency hired for transporting the money within Karnataka allegedly escaped with the cash. They abandoned the vehicle near Hunsur, approximately 160 km from Bengaluru.
The bank had hired SIS Prosegur Holdings Pvt. Ltd. to transfer the cash from its Yayyadi branch in Mangaluru to the branch in Koramangala. The vehicle had left its origin on Thursday.
Axis Bank confirmed the incident.