Epic Bank Nifty Update

 The three private banks caught in a sting operation by Cobrapost on charges of money laundering are now likely to face some strict action. Banking secretary Rajiv Takru today has reacted to the probe report of the Reserve Bank of India (RBI). He said the report has raised some serious structural issues. CNBC-TV18′s Aakansha Sethi reports.
The country’s three largest private banks – ICICI Bank , HDFC Bank  and Axis Bank – were last month named by online portal Cobrapost for indulging in money laundering. The sting operation conducted by the portal alleged that some bank officials had offered to launder unaccounted money by investing in insurance schemes.
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