Wednesday, May 15, 2013

Cobrapost | RBI issues showcause notices

The Reserve Bank of India (RBI) has sent show cause notices to three private banks--HDFC Bank, Axis Bank and ICICI Bank—in the Cobrapost sting operation case. A confidential report prepared by the central bank on the allegations of money laundering by these bank employees in the Cobrapost expose showed violations of regulatory norms............

No comments: