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12/13/2016

RBI advises banks to preserve CCTV recordings of operations from November 8 to December 30, 2016 - Times of India

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4. RBI advises banks to preserve CCTV recordings of operations from November 8 to December 30, 2016

RBI advises banks to preserve CCTV recordings of operations from November 8 to December 30, 2016
PTI | Updated: Dec 13, 2016, 05.45 PM IST
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Highlights
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1. Reserve Bank of India has advised banks to preserve the CCTV recordings of operations at bank branches and currency
chests post
demonetisation
2. On Monday, the Reserve Bank had directed banks to keep record of new bank notes

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RBI advises banks to preserve CCTV recordings of operations from November 8 to December 30, 2016 - Times of India

Reuters le photo used for representation.


MUMBAI: The Reserve Bank of India+ has asked banks to preserve CCTV recordings of operations at bank branches and currency chests to help law enforcement
agencies in identifying people engaged in hoarding of new notes post demonetisation+ .
The Reserve Bank, in a notication issued on Tuesday, said banks should "preserve CCTV recordings of operations at bank branches and currency chests for the
period from November 8 to December 30, 2016, until further instructions".
The central bank said the move will "facilitate coordinated and effective action by the enforcement agencies in dealing with matters relating to illegal accumulation
of new currency notes".
The apex bank had earlier issued a notication on October 27, prior to demonetisation+ , asking the banks to cover the banking hall/area and counters under CCTV
surveillance and record to facilitate identication of people abetting circulation of counterfeit notes.
The RBI also said it has issued elaborate instructions to all bank managements to do central data checking and its supervisors are carrying out similar exercise on
various data points of banks.
On Monday, the Reserve Bank had directed banks to keep record of new bank notes in view of seizures by Income Tax Department and other law enforcement
agencies of large quantities of high denomination notes.
It has been felt necessary to put in place an appropriate reporting system to keep track of issuance of these banknotes by the currency chests, RBI said in a statement.

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In view of the above, the banks are advised to maintain, at the currency chest level and at link branches level, a daily record of issuances showing the serial numbers
of Rs 500 and above received from RBI as remittance and issuance to their own branches, branches of other banks and post ofces, branch wise and denomination
wise on daily basis, it said.
After demonetisation, there have been reports of hoarding of new currency notes by unscrupulous elements at various bank branches across the country.

Top Comment
Excellent move. Some corrupt bank ofcials are playing dirty politics with opposition parties and media against PM Modi''s move.RaMa Rajya
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The Income-Tax Department is carrying out raids across the country on a regular basis since demonetisation to nab new currency hoarders and several people, both
individuals as well as bank ofcials, have been booked so far for carrying out such illegal activities.
The government has said abolishment of these high denomination banknotes is intended to bring back unaccounted money into the system, curb fake currency
circulation as well as to deter terror nancing.
Stay updated on the go with Times of India News App. Click here to download it for your device.
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RBI advises banks to preserve CCTV recordings of operations from November 8 to December 30, 2016 - Times of India

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4 hours ago
Excellent move. Some corrupt bank ofcials are playing dirty politics with opposition parties and media against PM Modi''s move.
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RaMa Rajya - 3 hours ago
Exactly told!
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RaMa Rajya - Hyderabad, Telangana - 4 hours ago
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PM Modi and RBI Patelleft so many leaks for people to convert black money.. so why balme corript people they are laways there even in UPA time and BJP time..
its govt duty .. Modi was so busy with secrecy that he left so many leaks in system. whom to blame.. Modi or People..
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Naresh Y - 1 hour ago
So you are suggesting doing good is bad than let bad happen?
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Naresh Y - 4 hours ago
Yes All black money in Indianis due to MODi ,ok ??? Ab please syria chale jaoo .. they need people there
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RaMa Rajya - 3 hours ago
Bank ofcial says this kind of free for all opportunity comes once in life time. Let us grab it. All will be released from jail.
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RaMa Rajya - 4 hours ago
another gobar eating kam bhatk spotted. ba*rd look up the difference between "advice" and "mandate". bl**dy moron.
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RaMa Rajya - 3 hours ago
Cctv inside bank. But what about outside where currency is freely exchanged.
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RaMa Rajya - India - 1 hour ago
Challenging Modi and BJP to declare they accept the party funds only through cashless way. And bring the party under RTI atleast for the nance part. This is how
they should show their patriotism and sincerity rather than just speaking....
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RaMa Rajya - bangalore - 4 hours ago
Banks and their staff gets bad name because of few rogues. All their efforts working beyond hours and taking so much pain is all forgotten.
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brvshanbhag R - 4 hours ago
And bankers should ensure such people are kicked out and all benets repealed and should be blck listed for ever .
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RaMa Rajya - A Place Called Hell - 2 hours ago
What if they delete the footage?? what if there were no recordings?? no one will do such things in broad day light... why don''t we have centralized control of banks''
CCTV for each city/town/village??
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dubai - 5 hours ago
why not from 1st september so we will know the extra 3,32,000 Crs which came to the banking system also
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Narayan Iyer - 4 hours ago
Simple ,most banks did notnhave it .As per your logic we should have CCTV from like when banks opened?? Bhai ,kuch toh honraha hai pehli bar in the country.
Unless you are a balcky hoarder see the logic .
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Narayan Iyer - 4 hours ago
Can u tell how u got this gure??? Why not peiple who giving gure goto court n le case for same?? All political drama by dramabaz kejriwal i feel. He must le
coirt case to make sure its done from even 1jan 2016 if he has some character left.
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Narayan Iyer - 3 hours ago
Why do you sit in Dubai and comment on Indian affairs as if you know what exactly is happening on the ground? Your retard leader AK just threw a stupid number
on a tweet and you're holding fast to it. It's not as primitive as you think - Our Indian Banking System. RBI is not a set of fools managing a co-op society, OK? Get a
life. Read, analyse and understand before posting AAPtard comments.
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Narayan Iyer - 4 hours ago
absolutely. mozi tries to make fools of others, but like the adage goes, you cannot fool people all the time.
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Narayan Iyer - Location - 3 hours ago
OROP arrears and 7th pay commission is reason for that surge.
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Narayan Iyer - 4 hours ago
BROTHER THE SAME IS DELEATED.
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Narayan Iyer - 3 hours ago
You idio slave of mulla sitting and eating beef in dubai .... have you know OROP?
That money came bank in that way... you mallu will never trust anyone
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Narayan Iyer - Hyderabad, Telangana - 4 hours ago
Good one..
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Narayan Iyer - Location - 4 hours ago
R u afraid?
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Muscat, Oman - 4 hours ago
The escape routes are closed. Well done RBI.
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Kannada First - Hyderabad, Telangana - 4 hours ago
:-) PM and Patel left so many leaks .. this corruption done by bank managers under PM Modi in 1 month is more than what UPA did in 10 years..
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Kannada First - 3 hours ago
There are thousands ways to dodge the government. Black money is regenerated again and again. The whole india is corrupt.
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Kannada First - 3 hours ago
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beeing closed, number of holes more


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RaMa Rajya
Excellent move. Some corrupt bank ofcials are playing dirty politics with opposition parties and media against PM Modi''s move.
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Narayan Iyer
why not from 1st september so we will know the extra 3,32,000 Crs which came to the banking system also
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Kannada First
The escape routes are closed. Well done RBI.
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