2:41 AM
Vinay Singh
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.
Last week, Reserve Bank Deputy Governor H R Khan had said the central bank is initiating action against these banks.
"Actions are on the way. Scrutiny has been done, actions is being taken both in respect of systemic level and at the individual banks," he had said.
"Actions are being initiated both at the system level and the individual bank level," he had said.
The banking secretary said that he has received RBI's interim audit report on the allegations levelled in the sting operation by news portal Cobrapost.
However, Takru said he was not at the RBI to recommend specific actions in the regard.
The country's three largest private banks -- ICICI bank, HDFC Bank and Axis Bank -- were last month accused by Cobrapost of indulging in money laundering activities.
Takru said RBI audit report has found certain "aberrations" at ICICI Bank, HDFC Bank and Axis Bank.
"There is no risk of systemic failure. There are certain aberrations which we have discovered in the audit report.
resource:http://www.indianexpress.com/news/action-against-icici-bank-hdfc-bank-axis-on-basis-of-rbi-report-finmin/1104440/
"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.
Last week, Reserve Bank Deputy Governor H R Khan had said the central bank is initiating action against these banks.
"Actions are on the way. Scrutiny has been done, actions is being taken both in respect of systemic level and at the individual banks," he had said.
"Actions are being initiated both at the system level and the individual bank level," he had said.
The banking secretary said that he has received RBI's interim audit report on the allegations levelled in the sting operation by news portal Cobrapost.
However, Takru said he was not at the RBI to recommend specific actions in the regard.
The country's three largest private banks -- ICICI bank, HDFC Bank and Axis Bank -- were last month accused by Cobrapost of indulging in money laundering activities.
Takru said RBI audit report has found certain "aberrations" at ICICI Bank, HDFC Bank and Axis Bank.
"There is no risk of systemic failure. There are certain aberrations which we have discovered in the audit report.
resource:http://www.indianexpress.com/news/action-against-icici-bank-hdfc-bank-axis-on-basis-of-rbi-report-finmin/1104440/
Posted in: 
0 comments:
Post a Comment