India central bank examining complaint against Standard Chartered Bank’s asset sales, minister says

India’s central bank reviews complaint over Standard Chartered Bank’s asset disposals.

Source: Reuters (via feed)




India’s central bank is examining a complaint received against Standard Chartered Bank. The complaint concerns “repeated instances of collusive asset disposals at a discounted value,” junior finance minister Pankaj Chaudhary told lawmakers on Tuesday.

BizTrendWire Insight:

The central bank’s review involves regulatory concerns related to asset disposals by an international bank.


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