A unique case of negligence: 42 lakh notes in currency chest of PNB, four bank officials suspended

Kanpur:  42 lakh rupees kept in the currency chest of Pandu Nagar branch of Punjab National Bank in Kanpur has been lost due to dampness. The bank officials did not let anyone know about the matter but the whole matter came to light when the RBI audited the currency chest in late July.

The amount in the audit was not that big. Later, when it was counted, currency notes worth Rs. 42 lakhs were found to be missing because of the seals. In this case, four officials including Senior Manager Currency Chest Devi Shankar have been suspended. Three of these officers were recently transferred here.

RBI officials inspected the currency chest of the branch from July 25 to July 29, 2022. After this he had reported a shortfall of Rs.14,74,500 and a difference of Rs.10 lakh between the maximum and minimum amount. Along with this, 79 bundles of 10 rupees and 49 bundles of 20 rupees were reported to be damaged.
According to the sources, the notes were counted for weeks after this. It revealed that 42 lakhs of rupees have been lost. Devi Shankar, Senior Manager Currency Chest has been suspended in this case. They were transferred and came on July 25, while the incident of missing rupees in the chest is earlier. has also been suspended. Two of them took charge in the bank in June and July this year as well. These include Manager Currency Chest Asha Ram reporting on June 6, 2022 and Senior Manager Bhaskar Kumar transferred from Currency Chest Jawahar Nagar, Unnao in June 2022.
All Accused of not taking action against the biggest culprits
V Bankers National Convenor Kamlesh Chaturvedi has demanded action against other senior officials of the bank and alleged that the management trying to save He also alleged that on September 13, a senior official and a former leader of the officers’ union held a meeting with four officials of the bank. -10 lakhs personal loan was asked to meet the shortfall of 42 lakhs but these officials refused saying that it is not their fault. After this the officers were suspended. He has demanded an inquiry into the matter from the RBI or the government investigation agency. Taking note of this incident all chests should be checked.
Hence burnt notes
in currency chests. Notes were also stuffed into boxes and kept in place. The notes were not kept in a large vault. Pandu Nagar Chest is Currency Underground. Here the wall is made of concrete. Sources said that new cash will keep coming in and old boxes will be dragged back. 42 lakh notes were lost due to long passage of time and moisture everywhere.
Questions raised on clean currency
According to experts, if the notes get damaged, they are destroyed and new currency is issued as per RBI rules. Every rule was ignored in this case. Boxes of notes were kept on the ground. Note boxes were kept beyond capacity. Note rotting indicates that the chest does not have a regular count of notes.

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