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SBI denies searches by CBI in 2G case

OP Bhatt, chairman of State Bank of India has categorically said that news of Central Bureau of Investigation (CBI) conducting searches at its headquarter has come as a surprise to him, reports CNBC-TV18.

January 12, 2011 / 03:06 PM IST
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OP Bhatt, chairman of State Bank of India (SBI) has denied that there was any search by Central Bureau of Investigation (CBI) in its headquarter. He said that the news has come as a surprise to him, reports CNBC-TV18.

However, he could not confirm if CBI had raided the bank or not. Earlier in the day there were media reports that CBI was conducting searches in some officies of SBI and some other banks as part of the 2G mobile licence allocation probe.

Bhatt stressed that SBI follows strong due diligence for loan disbursals and uniform procedure for loan approval for all sectors. He informed that CBI is only probing telecom loans and not conducting raid. According to Bhatt, CBI is inspecting all banks as per Supreme Court directive.


first published: Jan 12, 2011 03:00 pm

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