The Reserve Bank of India (RBI) and other Indian agencies are seeking details about UK-based global banking giants HSBC and Standard Chartered from British financial regulator Financial Services Authority (FSA).
The outsourcing of key oversight jobs by the two banks to India has come under scanner in the US in separate probes related to issues such as money laundering and terror financing.
Authorities in the Indian financial sector have started gathering all possible details about the two banks and any possible lapse in their compliance to regulations against money laundering and terror financing said sources close to the development.
The RBI would soon approach the FSA, with which it recently signed a new MoU for exchange of information and co-operation in surveillance operations, a senior official said.