Andhra Pradesh   

RBI takes note of card holder’s death

Special Correspondent

HYDERABAD: The Banking Ombudsman and the Reserve Bank of India (RBI) have taken note of the alleged killing of a credit cardholder Y. Yadaiah in which the recovery agents of ICICI Bank’s credit cards division are named as the accused and arrested.

When contacted, Banking Ombudsman Sebastian said that he had taken notice of the incident through the newspapers and was distressed. “It is a law and order issue. Though Banking Ombudsman has nothing to do with it, I have asked the ICICI Bank to furnish details. The RBI may take a larger view after calling for the bank’s remarks, for this incident may have so many implications,” said Mr. Sebastian.

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