Demonetisation Corruption in Banks
Below are the key areas of corruption as identified by you in regards to Demonetisation related corruption by Banks. Kindly review and if you have any additional specific issues, please share. We look forward to your inputs!
Demonetisation related Corruption in Banks - Issues
1. Some Bank employees were exchanging old currency for fake identity cards
2. Some Bank managers take old cash and payback in gold bars after keeping their commission
3. Some Bank employees collude with outsiders to deposit old cash into a random account and then withdraw it the next day
4. Some Bank employees deposit old cash into a random account and then transfer it to another account immediately
5. Many Private banks tell general public that they don’t have cash but they disburse cash to their old/regular business customers
6. Some Bank employees have been duplicating ID's produced while exchanging currencies as per the limitations and making use of the ID's submitted to the maximum limit
7. Some Bank employees have helped people deposit money in to dead/dormant accounts
8. Accounts of recently dead people were used to deposit and withdraw money by bank employees
9. Some bank employees took commissions for arranging fresh currency notes for their known or contracts with a high premium. more
Demonetisation related Corruption in Banks - Issues
1. Some Bank employees were exchanging old currency for fake identity cards
2. Some Bank managers take old cash and payback in gold bars after keeping their commission
3. Some Bank employees collude with outsiders to deposit old cash into a random account and then withdraw it the next day
4. Some Bank employees deposit old cash into a random account and then transfer it to another account immediately
5. Many Private banks tell general public that they don’t have cash but they disburse cash to their old/regular business customers
6. Some Bank employees have been duplicating ID's produced while exchanging currencies as per the limitations and making use of the ID's submitted to the maximum limit
7. Some Bank employees have helped people deposit money in to dead/dormant accounts
8. Accounts of recently dead people were used to deposit and withdraw money by bank employees
9. Some bank employees took commissions for arranging fresh currency notes for their known or contracts with a high premium. more
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I was told by my friend that money deposited in low denomination currencies were shown as deposits in 500 /1000 rupee notes and then those low denomination notes were given to those who want to exchange their 500/1000 notes(of course for a premium). more
Dec 26
As reported, raids by IT Department and the ACB at several places unearthed new currency notes of Rs.2000 denomination in crores. At a time when the entire nation was under crisis of new currency notes and many markets were shut and the bank employees were under great physical & mental pressure, it is not convincing that because of corrupt practices adopted by few of them had resulted in shortage of cash for payment to the members of public. Therefore, the government should investigate to find out the channels through which new currency notes in bulks were passed on to the black money hoarders and award them stringent punishment. The post demonetisation scenario experienced by the entire nation demands for the government to put 'corruption eradication' on its first priority and to come down mercilessly on the corrupts irrespective of their cast, creed, position, political association etc. etc. Surprisingly, post demonetisation raids at the places of the political leaders, bureaucrats, leading professionals were either nil or negligible though it is no secret that these communities of the society are big stake holders in black money. Let the government wake up and prove its sincerity in eradicating black money and corruption by its actions. more
Dec 24
a small percentage of staff may be there. Punishment should be severe, Bank unions should not interfere. Dismissal rules should be strict.The govt advocate must properly present the case.Many timesthe govt pleader is miserable more
Dec 24
only solution will be is to dismiss the employee & terminal benefits should be taken by govt more
Dec 22
New currency notes without even bank slips available in crores with the influential. we are afraid of talking about transparency. is it relevant ? can banks alone do it? more
Dec 22
