NEWS & ADVICE : PERSONAL LOAN
No transactional evidence of money laundering found in alleged banks: RBI
By Vaibhav Aggarwal
Apr 24, 2013
Print    Email    RSS   

The Reserve Bank of India has clarified that there is no transactional evidence of money laundering found in the top three private sector banks i.e. ICICI Bank, HDFC Bank and Axis bank involved in the Cobrapost expose.

"In none of their branches there was a case of money laundering... No transaction has taken place," said Mr. K.C. Chakrabarty, Deputy Governor, RBI.

Mr. Chakrabarty also said that the regulator was examining changing the way business is done, including KYC (know your customer) norms.

"There is no problem at a transactional level, some aberrations will always take place.There is a need to look into these issues," Deputy Governor said.

If necessary, as and when needed, banks and the RBI will take corrective measures, Mr. Chakrabarty added.

The RBI is undertaking thematic review in 34 other banks following the Cobrapost expose.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
How to decide on a loan for business?
Carnival of Indian Personal Finance Blogs #6
Need of Financial inclusion: making the...
12 point conduct checklist for bank and...
Gold based financing; 'loan to buy gold...


i want know about my personal loan status
how to check my fullerton india loan application...
can i get pmry loan
i need my personal loan track statement
personal loan status of agreement number...
SIR/MADAM MY SELF PRIYA SHARMA PAN CARD FFTPS3791P...

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive