Currency Crunch: 27 Bank officials suspended
Twenty seven bank officials involved in carrying out irregular transactions and violating RBI’s instructions have been suspended post demonetisation. Finance Ministry said, six officials have also been transferred to non-sensitive posts.
It said, Banks have done commendable work by putting in long hours of untiring effort in managing banking transactions. However, there were some cases of irregularities committed by officials involved in carrying out transactions.
The Ministry said, all efforts are on to facilitate genuine transactions, illegalities will not be tolerated and appropriate action will be taken against individuals involved in irregular and unauthorised activities.