India said Thursday it was seeking details of a report that banking giant HSBC allowed overseas affiliates to move billions of dollars in suspect funds in the United States without adequate controls.
HSBC apologised on Tuesday for failing to enforce anti-laundering rules and one of its senior executives quit, as US lawmakers accused the bank of giving Iran, terrorists and drug dealers access to the US financial system.
"I think this is a very serious matter and we will get to the bottom of it," India's Home Secretary R.Singh said in New Delhi, according to the Press Trust of India.
"We need to get some more information from the Americans. We will get that very soon. This has been worrying us."
The US senate panel, in a 330-page report, found the lender allowed affiliates in countries such as Mexico, Saudi Arabia and Bangladesh to move funds into the United States.
Singh said India's ambassador in Washington has been asked to seek more information on the probe.
India has in the past expressed its concerns over suspicions of overseas funding of Islamic militant groups blamed for attacks on its soil.