Cobrapost Expose

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  DHFL Surges After Independent CA Firm's Report On Cobrapost Allegations

  Dewan Housing Finance Corporation Ltd. surged as much as 20 per cent to Rs 160.80 on the BSE after an independent chartered accountant firm T. P. Ostwal & Associates LLP gave clean chit to DHFL promoters on the allegations made by Cobrapost.

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  How the Government Was Punked. An Expose that Really Wasn't.

  Government officials were in a spin on Monday afternoon. A web portal which has in the past conducted sting operations, had announced a press conference the next day promising a big expose.

• 2013: Sting operations, bad loans hit all from SBI to Yes Bank

  From the country's largest lender, State Bank of India (SBI), to the youngest Yes Bank, lenders were fined for violating regulatory norms after sting operations exposed chinks in their armour.

• How IT companies are using Facebook, Twitter to malign rivals: Cobrapost expose

  With the Internet emerging as the new political battlefront, a sting operation by website Cobrapost claims to expose how IT companies are using social media platforms like Facebook and Twitter to help politicians build up fake fan bases and also malign rivals.

• Cobrapost allegations: Action against some more banks on the anvil, says RBI chief

  The Reserve Bank of India (RBI) said on Thursday that it will take action against some more banks for alleged violation of regulatory norms following an expose by a news portal.

• Lax implementation of KYC norms has caused losses, says SBI

  In the wake of an expose by online news portal Cobrapost on violation of KYC norms by several banks of the counrty, State Bank of India (SBI) chairman Pratip Chaudhuri has said his bank has been "put to a loss" by the non-compliance of guidelines by private sector peers.

• RBI report finds discrepancies in banking operations

  The Reserve Bank of India (RBI) has unearthed various discrepancies, including non-compliance of KYC norms and fictitious PAN, in its probe following the Cobrapost expose that alleged money laundering by banks.

• Cobrapost expose: RBI action soon; banks start cracking whip

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

• No criminality in Cobrapost findings, says SBI

  Bank officials' advices of splitting deposits to evade taxes, as exposed in a sting operation by an online news portal, are "undesirable loose talks" but there is no apparent criminality, SBI chairman Pratip Chaudhuri said on Thursday.

• Action against banks involved in wrong doings soon: RBI

  Web portal Cobrapost in its string of expose has alleged money laundering and other wrong doings by several public and sector financial institutions ranging from country's largest bank SBI to the youngest lender Yes Bank.

• Cobrapost allegations: RBI initiating action against banks

  Cobrapost, an online magazine, claimed to have caught on camera what it describes as a massive expose, which allegedly proves that some of the largest private sector banks in the country help in money-laundering. The banks involved denied the accusations.

• Cobrapost allegations: No money laundering involved, says RBI

  Cobrapost last week claimed to have caught on camera what it described as a massive expose, which allegedly proves that some of the largest private sector banks in the country -- HDFC Bank, ICICI Bank and Axis Bank -- help in money-laundering.

• Banking stocks fall sharply on Cobrapost expose

  Shares in private sector banks fell sharply on Friday sending the broader Sensex and Nifty benchmarks lower. On Thursday, Cobrapost, an online magazine, claimed to have caught on camera what it described as a massive expose, which allegedly proved that some of the largest private sector banks in the country help in money-laundering.

• Top private sector banks to probe money-laundering accusations

  Top private sector lenders ICICI Bank, HDFC Bank and Axis Bank say they are investigating allegations of widespread money laundering practices at their branches. In statements, the banks emphasized that they conduct business in strict compliance with the law.

• Cobrapost expose: Axis Bank's full statement

  Cobrapost, an online magazine, claims to have caught on camera an expose that allegedly proves that some of the largest private sector banks in the country help in money-laundering. According to them, HDFC Bank, ICICI Bank and Axis Bank were part of a vast money-laundering racket. Following this, Axis Bank has released the below mentioned press st...