Both the ways but it's more linent towards a cardholder, though it depends upon the circumstances.
I feel you're comparing the mass of the Earth with your body at an irrelevant time.
Since Axis hasn’t found anything wrong during the usage of the card, nor notified him ever upto now, even if Axis presents something against him, like his card being used by a friend, he has done this and that, it can’t justify/nullify the regulatory directions/guidelines made to safeguard customers' intrest, applicable to RE.
All are free to think whatever they want. 🕊️
That's all, don't want to get involved into it further. OP is supposed to reply the raised questions, which was meant to him.