Post Demotisation : RBI ordered banks to maintain CCTV footage

share on:

According to the sources, Reserve Bank of India has asked banks to take the counter area under the CCTV surveillance and maintain and save the recording.

Deputy Governor of RBI, S S Mundra while interacting with the reporters said that, “We have issued elaborate instructions to all banks to do the central data checking and wherever they find any inconsistency, it should be pursued further through their internal audit mechanism”.

Adding further he said, “Our supervisors are also carrying out similar exercise on various data points of banks and wherever any untoward kind of transactions or actions are noticed, due action would be pursued and due investigation would be carried out”.

According to the reports, The Central Bank said that this step will show a positive impact to curb the hoarder.  Keen eyed RBI is not leaving a single chance to catch the money launderers.

RBI said in a Press Release that, “The banks are advised to preserve CCTV recordings of operations at bank branches and currency chests for the period from November 08 to December 30, 2016, until further instructions, to facilitate coordinated and effective action by the enforcement agencies in dealing with matters relating to illegal accumulation of new currency notes”.

share on: