India’s central bank is examining a complaint filed against Standard Chartered Bank related to alleged irregularities in asset disposals, the government informed Parliament on Tuesday.
Junior Finance Minister Pankaj Chaudhary said the Reserve Bank of India (RBI) is reviewing a complaint accusing the bank of “repeated instances of collusive asset disposals at a discounted value”.
According to the minister’s written reply to lawmakers, the RBI has received 2 complaints against the lender. These complaints were filed in October 2024 and February 2026 and are linked to assets associated with 3 real estate developers.
Chaudhary stated that the complaint submitted in February 2026 is currently under examination by the central bank.
The earlier complaint filed in October 2024 is still pending a final order from the regulator, he added.
“The sale of asset by the secured creditor was a commercial judgment of the concerned entity,” Chaudhary said in his written response.
The government’s reply did not provide further details regarding the nature of the transactions or the developers involved.
Standard Chartered Bank India did not immediately respond to an email seeking comment on the matter.
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