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Action against some more banks on the anvil: RBI Chief

Reserve Bank Thursday said it will take action against some more banks for alleged violation of regulatory norms following an expose by a news portal.

HDFC Bank says got an I-T enquiry following Cobrapost expose

Following the Cobrapost expose, private sector lender HDFC Bank received an Income Tax enquiry but it was not an assessee in the case.

Cobrapost expose: RBI penalises Axis, HDFC, ICICI banks

RBI imposed a penalty of Rs 5 crore on Axis Bank, Rs 4.5 crore on HDFC Bank and Rs 1 crore on ICICI Bank.

'Fines on banks should be only for naming and shaming'

Reserve Bank Deputy Governor K C Chakrabarty said it should not become a system where the wrongdoers get away only by paying the monetary fine.

Cobrapost expose: RBI action soon; banks start cracking whip

Amid fresh allegations of money laundering by banks, RBI and several banks said actions are being taken against erring institutions and employees for violating prudential banking norms.

Cobrapost expose: RBI initiating action against banks

Reserve Bank Deputy Governor H R Khan on Thursday said the central bank is initiating action against ICICI Bank, HDFC Bank and Axis Bank in connection with allegations of money laundering by Cobrapost.

Money laundering: RBI gives clean chit to ICICI, Axis and HDFC

The Reserve Bank on Thursday sought to downplay the money-laundering allegations against three private sector banks, saying the country has a "perfect" system to prevent such offences and that not a single such transaction took place in the sting operation.