May 26, 2011 11:43 AM IST | Source: CNBC-TV18

Citi fraud: RBI may conduct special audit

Citibank may continue to face heat from the regulator over the Shivraj Puri fraud issue. Sources tell CNBC-TV18 that the RBI is dissatisfied with the bank's replies to its show cause notice, reports CNBC-TV18’s Vidhi Godiawala.

Citibank may continue to face heat from the regulator over the Shivraj Puri fraud issue. Sources tell CNBC-TV18 that the RBI is dissatisfied with the bank's replies to its show cause notice. The Central Bank may look at conducting its own internal audit of Citi's checks and balances and may even stall further branch expansions for the bank till it is satisfied, reports CNBC-TV18

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