ICICI suspends five for trading losses
NEWS
A spokesperson at the bank confirmed that two currency traders, one salesperson and two back-office personnel have been suspended indefinitely for their part in trading irregularities that were first uncovered in August.
The five staff members were found exceeding the foreign exchange limits set by the Reserve Bank of India (RBI) when taking long positions on the euro.
A bank spokesperson confirmed the 10-million rupee losses, but declined to comment on whether the employees involved tried to
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