BANK NEWS
Govt seeks report on malpractices by bank officials
New Delhi: Days after Prime Minister Narendra Modi warned those who indulged in malpractices during the 50-day demonetisation drive, the Finance Ministry has asked public sector banks to submit a report on the involvement of officials illegally changing currency notes.
Banks will give details of officials those who violated law or government and RBI direction during the demonetisation period, sources in the the Finance Ministry said.
Although vigilance proceeding against directors are carried out by the Finance Ministry, the department proceedings or criminal proceedings against officials are carried out by bank itself. Zee News
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