Demonetisation: 27 senior PSU banks officials suspended

December 02, 2016 19:21

In a major crackdown on bank employees involved in irregularities post demonetisation, as many as 27 senior officials of various public sector banks have been suspended and six others transfered to check corrupt practices.

The suspensions comes amid reports of Income Tax authorities conducting search and seizure places at many places, including one at Bengaluru where Rs 5.7 crore cash in new currency notes was recovered from two businessmen.

Some cases have come to notice of officials involved in carrying out transactions which were irregular and violative of RBI's instructions, the finance ministry said in a statement.

"Action has been taken in such cases and 27 officials of various public sector banks have been placed under suspension and six officials have been transferred to non-sensitive posts," it said.

« Back to LIVE

TOP STORIES

Former PM Dr Manmohan Singh passes away at 92

Former Indian Prime Minister Manmohan Singh passed away on Thursday night at the age of 92. He was brought to the emergency department of AIIMS Delhi in critical condition after "sudden loss of consciousness."

Manmohan Singh dropped pre-medical course: Book

Former Indian Prime Minister Manmohan Singh, who died at the age of 92, dropped out of a pre-medical course after losing interest in the subject, according to a book by his daughter. Daman Singh's book "Strictly Personal: Manmohan and...

Steady progress in implementing LAC pact: China

He said that in recent times, based on the important consensus reached by the leaders of the two countries, China and India have maintained close communication on the border situation through diplomatic and military channels and achieved...

BJP got Rs 2,600cr donations in 2023-24, Cong Rs 281cr

During 2023-24, while the BJP received over Rs 723 crore worth of donations from Prudent Electoral Trust, it also got over Rs 127 crore from Triumph Electoral Trust and over Rs 17 lakh from Einzigartig Electoral Trust.

Konstas, Bumrah Share Honours On Day 1

The four wickets that India prised out in the third session, on balance, swung the game back in their favour, says Prem Panicker .