NEW DELHI: Government sleuths have zeroed in on massive cash deposits, running into around Rs 1,000 crore, in the Delhi branches of three large private banks - ICICI, HDFC and Axis Bank. The Enforcement Directorate is probing why the banks didn't alert authorities about huge cash deposits made by an accused who allegedly laundered more than Rs 1,000 crore to a third country in less than a year. Sources said ED was likely to question the bankers about the deposits. As per the KYC (know your customer) guidelines issued by the RBI, it is mandatory for the banks to report all large cash transaction every month.
TOI
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