27 bank officials suspended so far for carrying irregular & unauthorized transactions post demonetization

New Delhi, Dec 3 (KNN) As many as 27 officials of various public sector banks have been suspended and 6 others have been transferred to non-sensitive posts for carrying irregular and unauthorized transactions violating RBI instructions post demonetization.

The Finance Minister, in a release, said, “Some cases have come to notice, however, of officials involved in carrying out transactions which were irregular and violative of RBI’s instructions. Action has been taken in such cases and 27 officials of various public sector banks have been placed under suspension and 6 officials have been transferred to non-sensitive posts.”

The government has warned that illegalities will not be tolerated and appropriate action will be taken against individuals involved in irregular and unauthorized activities.

The government, however, has applauded the commendable work done by the banks from the midnight of November 8, 2016, by putting in long hours of untiring effort in managing banking transactions.

Meanwhile in a notification the RBI has said that a perception has also emerged that banks with currency chests are according priority towards supplying cash to their own bank branches.

The apex bank has advised these banks with currency chests to make visible efforts to dispel the perception of unequal allocation among other banks and their own branches. (KNN Bureau)