RBI - Rs.12.44 Lakh Crores In - Rs. 4.61 Lakh Crores Out
AND the RBI Deputy Governors R. Gandhi and SS Mundra said in a Press Meet yesterday,
+ The banks have since the start of the programme on November 10, 2016 till December 10, 2016 issued notes valued at Rs. 4.61 lakh crore to the public over their counters and through their ATMs.
+ Specified Bank Notes (SBNs) of Rs. 500 and Rs. 1000 returned to RBI and Currency Chests amounted to Rs. 12.44 lakh crore as of December 10, 2016.
+ Daily we are issuing more and more notes, getting them printed and issued. This will be a continuous effort and the public is requested to freely use the notes they have in their hands rather than hoarding them.
+ We have issued elaborate instructions to all the bank management to do central data checking and whenever they find any inconsistency, it should be pursued further through their internal audit mechanism.
+ RBI supervisors are also carrying out similar exercise on the various data points of banks and whenever any untoward transactions or action is noticed, due investigation would be done and then due action would be pursued.
+ There have already been cases where banks have taken action against the staff members.
+ There has been a media report about one of the RBI staff at Bengaluru as well. Let me clarify that it was a junior functionary of the Reserve Bank of India and it was reported by the investigating agency that he was recorded to be present in a bank branch where some suspected transaction was happening. Having known about that, the concerned employee has been suspended. We have instituted investigation and due action would be taken once the details are ascertained.
+ The Reserve Bank of India is also coordinating and collaborating with various investigative agencies when they flag details of the suspicious transactions noticed by them.