Referring to the steps being taken by the government to unearth black money, Finance Minister Arun Jaitley said government has identified 427 account holders associated with HSBC list and 250 of them have admitted to having foreign accounts.
Investigation against over 600 people accused of stashing money abroad illegally is going on and a report on it will be submitted in time, Chief of Special Investigation Team (SIT) on blackmoney Justice M B Shah said on Wednesday.
The main opposition party Congress has reacted strongly to BJP-led NDA government's move on the black money issue minutes after the Centre submitted names of 627 people who have stashed huge money in foreign bank accounts on Wednesday.
Arvind Kejriwal was on Saturday accused of being interested only in defaming people and also called "mentally sick" by the Congress and the RJD, a day after the activist fired another salvo as part of his campaign against corruption.
The RBI is likely to hike its cash reserve ratio, the amount banks have to park with the central bank, by 0.5 per cent later this month and may start increasing policy rates from March, HSBC said on Wednesday.