Sunday, March 17, 2013

Banks converting black money to white

The country's leading private banks began to charge the white vigil on the Union Government has started to take it seriously. the Government is also worried that the new private banks do not derail his plan to give licenses to the center of the whole affair on Friday. seriously check and warned of strict action against those guilty.

The Finance Ministry has asked all the banks they examine to get the Interior of these charges generally and by the end of this month on the basis of the report referred the report Ministry of external agencies. all decide to make inquiry.

On Thursday, the news portal, cobrapost sting operation did disclose that via ICICI, axis, the larger banks such as HDFC to work the white vigil. It also was reported that extends across the branches of these banks refer to the work of rule by laws make rubbished by openly. these charges come in front of all three banks have begun internal investigations.

Secretary of the Ministry of Finance (financial services), Rajiv takru pointed out that the Government could investigate the allegations they are provided by government agencies.. currently, the Reserve Bank and the Ministry both at the level of the notices are being collected once the truth is exposed, it will be decided what action next. "he said, adding that this serious issueBut it cannot be said that the level of banks regulations. If the need felt so outside agencies investigate collusion.

Sources say the probe against the banks on trying to see that he accepted the KYC (know your customer) regulations followed. as it is just beside the cobrapost video recording of a financial transaction to him..