Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Demonetisation Irregularities: 156 Senior State Owned Banks Officials Suspended

As many as 156 senior officials of various state-owned banks have been suspended and 41 transferred after they were found involved in irregularities related to demonetisation, Parliament was informed on Friday.

Press Trust Of India

Updated:February 3, 2017, 3:57 PM IST
facebookTwitterskypewhatsapp
Demonetisation Irregularities: 156 Senior State Owned Banks Officials Suspended
Union Finance Ministry Arun Jaitley. (File photo)
Loading...

New Delhi: As many as 156 senior officials of various state-owned banks have been suspended and 41 transferred after they were found involved in irregularities related to demonetisation, Parliament was informed on Friday.

"Certain bank officials have been found involved in irregularities relating to demonetisation. On the basis of prima facie involvement in the irregularities, Public Sector Banks (PSBs) are so far reported to have placed 156 officials under suspension and to have transferred 41 officials," Finance Minister Arun Jaitley said in the Lok Sabha.

PSBs are also reported to have filed 26 cases with Police/CBI wherever criminal cases are involved, he added.

In respect of private banks, Jaitley said: "Reserve Bank of India (RBI) has informed that 11 employees have been placed under suspension where bank employees have been found involved in 'irregular exchange of transaction' of Specified Bank Note (SBN) during the phase of demonetisation."

"RBI has further informed that the banks have initiated internal investigation and complaints have been filed with police/CBI," he pointed out.

RBI had advised the banks to take action to prevent/detect/contain the malpractices or wrongdoing by staff in branches exchange/deposit of SBNs.

In the said circular, banks were also advised to strengthen the internal/concurrent audit process including random visits/scrutinies so as to detect and avoid any malpractice in the exchange/deposit of SBNs in the branches.

Following the decision of the government to demonetise old Rs 500 and Rs 1000 notes from mid night of November 8, people had deposited invalid notes into banks.

| Edited by: Sujit Nath
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
 
 

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results