Banks refuse to give details on Satyam's accounts

Bankers of the scam-tainted Satyam Computers declined to comment if the IT major's accounts have been frozen on Friday, citing client confidentiality.
     
"We cannot comment on the matter due to client confidentiality," the Citi Bank spokesperson said, responding to reports that the lender has frozen 30 trade receivable accounts of the Hyderabad-headquartered software firm.
     
India's fourth-largest outsourcing firm plunged into a crisis after its chairman B Ramalinga Raju admitted to gross manipulations in the company's balance sheet and resigned.
    
Public sector Bank of Baroda, another banking partner of Satyam, said it did not have any material exposure to the company.
     
"Bank of Baroda has no major exposure to Satyam Computer except that we have some current account deposits of Satyam, which are collection accounts," a senior Bank of Baroda official said.
     
ICICI Bank, another banking partner of the beleaguered IT major, said the private lender did not have any fund-based exposure to Satyam Computer other than a marginal exposure of about Rs 3 crore on account of a forward contract.
     
"We are unable to comment on individual clients," ICICI Bank executive director V Vaidyanathan said  when asked whether the bank will freeze Satyam's accounts.
     
HDFC Bank, said it has no "significant" exposure to the struggling client.