Note ban: CVC says 460 bank officials punished for irregularities

Note ban: CVC says 460 bank officials punished for irregularities

At least 460 officials of various banks, including those from the private sector and the Reserve Bank of India, were punished for their involvement in irregularities post-demonetisation.

Addressing a press conference, Vigilance Commissioner T M Bhasin said the commission acted on all such complaints of corruption and took necessary action.

"Action has been taken against 460 officials of various banks. For the first time, action was taken against those in the private sector banks and against those in the RBI," Bhasin said.

He was responding to questions on action taken by the Central Vigilance Commission on complaints against certain banks officials for violating the RBI norms to allow conversion of banned Rs 500 and Rs 1,000 notes.

The CBI has also registered over 30 cases involving bank officials for their involvement in corruption post-demonetisation.

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