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Edition: U.S. Article Comments (0) Email Print Reprints Full Focus Editor's choice A selection of our best photos from the past 24 hours. Full Article Read Teenage boys survive 50 days adrift in South Pacific 25 Nov 2010 North Korean leader and son visited artillery site: reports | 25 Nov 2010 Korean peninsula on brink of war due to drills: North Korea 25 Nov 2010 North Korea says U.S.-South Korea exercises bring war closer | 2:31am EST Exclusive: Corruption charges to feature in WikiLeaks release 24 Nov 2010 Discussed 197 Obama’s Democrats in disarray over expiring tax cuts 100 Obama’s 2012 re-election prospects uncertain: poll 69 Wesley Snipes ordered to prison for tax conviction Watched Bejeweled bra exposed in NY Thu, Oct 21 2010 Row over vote orgasm video Fri, Nov 19 2010 High tech shopping with apps Wed, Nov 24 2010 Analyst Research Report Title Price Central Bank of India (532885) - Financial Analysis Review Provider: GlobalData $125.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Green Business Investors hope climate deal on track Investors in "green" assets hope that upcoming U.N. climate talks in Mexico will salvage a deal to cut greenhouse gas emissions in 2011, and in the meantime widen and simplify existing carbon markets. Full Article Copenhagen Accord: Climate guide or too weak? Japan: Extending Kyoto "meaningless" India to widen probe into bribery scandal: report Tweet This Share on LinkedIn Share on Facebook By Devidutta Tripathy NEW DELHI (Reuters) - India will widen its probe into a multi-million dollar bribery scandal in the banking sector that has tarnished the image of Asia's third-largest economy, with a newspaper reporting on Friday more banks... Factbox Major Indian corruption scandals Thu, Nov 25 2010 Related News India real estate firms plunge amid bribery probe 12:40am EST No tax raids in India loan bribery case yet: official 2:25am EST Analysis & Opinion Bank index falls on probe report Between the lines: Obama’s comments on Kashmir Related Topics World » Stocks By Devidutta Tripathy NEW DELHI | Fri Nov 26, 2010 2:25am EST NEW DELHI (Reuters) - India will widen its probe into a multi-million dollar bribery scandal in the banking sector that has tarnished the image of Asia's third-largest economy, with a newspaper reporting on Friday more banks and financial institutions would be investigated. The scandal is putting to the test the ability of one of the world's fastest growing emerging economies to crackdown on corruption, especially as it comes a few days after Prime Minister Manmohan Singh had to defend his government in another graft scandal involving telecoms licenses sold too cheaply. Mint newspaper, citing an unnamed top official at the Central Bureau of Investigation (CBI), reported on Friday the federal agency would probe more banks and financial institutions in the bribery scandal that has so far led to the arrest of eight senior executives, mostly from state-run listed lenders. The executives have been charged with taking bribed to facilitate large corporate loans, but media reports said the CBI and the Securities and Exchange Board of India (Sebi) were probing the possibility some of these loans were invested in the stock market rather than the projects they were intended for. CBI officials were not immediately available to comment. The Economic Times newspaper, however, said at least nine companies were being probed for insider trading. Shares in companies affected by the probe continued to fall on Friday, underperforming a slightly positive blue-chip Mumbai stock index. Shares in real estate firms have also fallen on fears that a cash crunch could delay or derail major development projects. Finance Minister Pranab Mukherjee has asked all banks, financial institutions and insurance firms to look into their exposures to firms named by federal investigators in the case. India was ranked 87th in Transparency International's 2010 ranking of nations based on the perceived level of corruption. India lies behind rival China, which is in 78th place. Analysts said they did not expect major impact on the overall Mumbai stock market as they expected the scandal to be driven by a few individuals and did not involve not widespread corruption. The Indian bond and rupee market remained unaffected by the corruption scandal as traders did not view it as a risk to the banking system as a whole and as inflation, interest rates and fiscal conditions affected these markets more. The federal Central Bureau of Investigation (CBI) on Wednesday arrested five officials from state-run listed lenders, including the chief executive of LIC Housing Finance, accused of taking bribes to facilitate loans. Three senior executives from a listed private company were also arrested on charges of handing out the bribes. The CBI said those arrested included senior officials at state-run Central Bank of India, Punjab National Bank and Bank of India -- all major banks with operations across the country. The CBI said the executives arrested had received bribes from listed private broker Money Matters Financial Services, which acted as a "mediator and facilitator" of corporate loans and other facilities. The executives in custody have yet to comment on the charges and are to remain in custody until Monday. The companies involved have all denied any knowledge of wrongdoing and said they would review their internal regulations. (Writing by Paul de Bendern; Editing by Miral Fahmy) World Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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