Aug 23, 2013 at 22:06 | Source: Moneycontrol.com
The Reserve Bank of India (RBI) on Friday imposed penalty of Rs 50 lakh to 2 crore on six more state-owned banks for violation of Know Your Customer (KYC) and anti-money laundering (ALM) norms. Those public sector lenders included Allahabad Bank, Bank of Maharashtra, Corporation Bank, Dena Bank, IDBI Bank, and Indian Bank.
Jul 15, 2013 at 16:13 | Source: Moneycontrol.com
Banks got a rebuff from the Reserve Bank of India (RBI). The central bank on Monday imposed nearly Rs 50 crore fines on 22 banks while warning seven other banks for violating Know Your Customer (KYC) or Anti-Money Laundering (ALM). A brief synopsis as to why RBI imposed such fine....
Apr 05, 2013 at 16:58 | Source: CNBC-TV18
The Reserve Bank of India (RBI) found violation of KYC (Know Your Customer) norms by HDFC Bank, ICICI Bank and Axis Bank allegedly involved in a money laundering expose done by Cobrapost.com, CNBC TV18 reported quoting sources.
Mar 14, 2013 at 22:40 | Source: CNBC-TV18
Banking Secretary Rajiv Takru says Reserve Bank of India in talks with the banks involved in the Cobrapost string; would take firm action if anything wrong comes out.
Mar 14, 2013 at 22:25 | Source: Moneycontrol.com
The venomous bite of Cobrapost.com has no doubt dented the reputation of three top private sector lenders: ICICI Bank, HDFC Bank and Axis Bank. They were prompt enough to issue statements promising internal investigations. Shares of the three banks fell initially, but recouped losses to end the day in the green.
Mar 14, 2013 at 11:56 | Source: Moneycontrol.com
Shares of ICICI Bank, Axis Bank and HDFC Bank were largely unmoved by the Cobrapost.com expose charging these banks with abetting money laundering (making black money legal).
Dec 13, 2005 at 09:32
After the Volcker report on the UN oil-for-food scam, Parliament was rocked again today with another corruption expos - video footage showing members taking money in order to raise questions in the House.