December 13, 2016
With more and more instances of money laundering and fraudulent currency exchange surfacing, RBI today warned of stern action against wrongdoers and asked banks to carry out a thorough central data checking, while it suspended a “junior functionary” who is being investigated.
“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,” said deputy governor of RBI, S S Mundra, speaking to a select group of reporters here.