PTI : The Hindu : CHENNAI, March 14, 2013
The Reserve Bank of India (RBI), on Thursday, said that it was collecting information regarding the alleged acts of laundering.
However, it added that no show-cause notice had been issued as of yet.
“The RBI is in touch with the banks, while we have not issued a show-cause notice, we are still collecting information,” Reserve Bank of India Deputy Governor Urjit Patel said.
The Finance Ministry also said that it was waiting for more details on the issue and that action could only be taken after getting feedback.
“The Reserve Bank of India has contacted the banks involved.. we have asked for more details on the expose,” Banking Secretary Rajiv Takru said.
Mr. Takru indicated that corrective action could be taken only after getting feedback from the three concerned lenders. Finance Minister P Chidambaram said two of the banks have denied the charges and added that the government would not jump to conclusions.
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