The Reserve Bank has decided to study video clips that show bank staff encouraging tax evasion and overseas remittances.
Cobrapost alleged that their sting operations showed top three banks - ICICI Bank, HDFC Bank and Axis Bank - facilitate money laundering.
The central bank is concerned as some companies in the power sector are stuck in litigation.
The Reserve Bank of India is set to meet public sector bank chiefs on March 7 to draft modalities to launch India's first all womens bank.
ICICI Bank UK Plc the subsidiary of the country's largest private sector bank repatriated $100 million to its parent ICICI Bank.
Banks from the West are shrinking in markets other than their homes, thanks to tighter regulations post-2008 crisis and falling business volumes.
Standard Chartered Bank is negotiating to acquire the wealth management business of Morgan Stanley, which is exiting many businesses.
"The central bank has made this a precondition for at least two international banks - National Australian Bank and Westpac Banking Corp."
Banks like ICICI, HDFC to give big hikes to ward off poachers, advent of new banks to perk up demand
The advent of new banks for the first time in nine years is set to perk up demand for talent that can lure tricky customers.
The size of the issue has not been decided yet, typically the benchmark size of a dollar bond 144A REG S offering is $500 million.
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