RBI Reviewing Complaint Against Standard Chartered Bank Over Discounted Asset Sales

As per Reuters reports, the Reserve Bank of India is reviewing a complaint related to asset sale practices involving Standard Chartered Bank, according to a statement provided by the government in Parliament. 

Complaints Linked to Asset Disposals 

Minister of State for Finance Pankaj Chaudhary informed lawmakers that the central bank has received complaints alleging repeated instances of collusive asset disposals at discounted values by the lender. 

The complaints relate to assets associated with three real estate developers, though additional details were not disclosed in the written response submitted to Parliament. 

Status of Complaints Under Review 

The government said the central bank received two separate complaints, one in October 2024 and another in February 2026. 

The minister stated that the February 2026 complaint is currently under examination, while a final order is still pending in relation to the complaint received in October 2024. 

Chaudhary added that “the sale of asset by the secured creditor was a commercial judgment of the concerned entity.” 

Read More: RBI Injects ₹50,000 Crore Liquidity Through OMO Purchase of Government Securities! 

Conclusion 

The case remains under review by the central bank, with the February 2026 complaint currently being examined and a final decision pending on the earlier complaint filed in October 2024. 

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