Thursday, April 25, 2013

Action against ICICI Bank, HDFC Bank, Axis on basis of RBI report: Finmin

The government today said action would be taken against ICICI Bank, HDFC Bank and Axis Bank on the basis of an RBI audit report which has detected certain "aberrations", a month after the private banks were accused of money laundering by an online news portal. "An audit report has come and now the banks would probably be asked for their versions...We don't need to recommend anything; we discussed the issue and everybody will do whatever one is supposed to do after that. The RBI would be doing what they are required to do," Banking Secretary Rajiv Takru told reporters outside the Mint Road office of RBI. "I think it would be safe to say that there are actionable points where RBI would need to take some action and consequently government would also need to address them," he said....

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