Bankers sore over one-day window to shift notes to chests

January 1, 2017

Bengaluru, Jan 1: The Reserve Bank of India's (RBI) circular asking banks to complete the accounting process and deposit banned notes in currency chests or at the local RBI offices by Saturday has been criticised by bankers.

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“The central bank has started functioning like a local cooperative society. On Friday, it instructed all banks to remit all specified bank notes of Rs 500 and Rs 1,000 denominations with it or the attached currency chests,” a top bank official of a public sector lender said.

“Bank branches are keeping huge cash in crores and it is impossible to remit entire cash at one go,” the official said.

Purushotham A P, manager of the Chitradurga branch of IDBI bank, was more vocal.

“Currency chests have no space to keep cash. They are refusing to accept old notes due to shortage of space. Rural branches will face transportation issues. In semi-urban locations, just one or two chests are functioning and they can't accept cash from all branches. Such branches are instructed to remit money at distant places where more chests are available.”

“Some banks had instructed their officers to remit cash late on Friday at 10 pm. Bank officials were still in the banks and getting ready for cash remittance. Some managers are taking huge cash in their own vehicles. Who will take care of our security?” Purushotham said.

Another bank manager said, “The RBI should think of practical difficulties before issuing any circular. At least, senior bank officials should convey problems faced by the bankers while shifting huge money at short notice. Who cares for bankers' safety?”

Banks have been transferring money to currency chests on a day-to-day basis.

“For the past one week, chests are flooded. We have to transfer currency from chests to the RBI. For that we have to get permission from the RBI. We have been regularly moving cash from our branches to the chests. But the currency chests are flooded and the RBI has not given the lifting order,” another official said.

“The RBI should have given orders in advance to shift currency to the chests. On Friday evening, the RBI instructed to deposit the cash. In a normal course, if it is within city limits, the chests are accessible. In rural and semi-urban areas spread far and wide, for them to come and deposit the money will take time. However, all people are on the job to comply with the guidelines. It is impossible to clear currency in a single day,” the official said.

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Skazi
 - 
Sunday, 1 Jan 2017

REVERSE BANK is full of IDIOTS......

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News Network
April 28,2024

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Bengaluru: JD(S) leader H D Kumaraswamy on Sunday said he would like to wait for the facts to come out of the investigation into an alleged sex scandal involving his nephew and Hassan MP Prajwal Revanna, but asserted that there is no question of forgiving anyone who has committed a crime as per law.

The former chief minister said he has nothing to do with Prajwal Revanna reportedly leaving the country, and it is the responsibility of the Special Investigation Team (SIT) to get him back if required.

The 33-year-old Prajwal Revanna is the son of former prime minister and JD(S) patriarch H D Deve Gowda's elder son H D Revanna, who is an MLA and former minister.

Some explicit video clips allegedly involving Prajwal Revanna had started making the rounds in Hassan in recent days.

Prajwal Revanna is the BJP-JD(S) alliance's candidate from Hassan, which went to polls on Friday.

Kumaraswamy said, "I have noticed that the chief minister has ordered an SIT probe. Whether it is me or Deve Gowda (his father), we have always conducted ourselves respectfully towards women and have responded positively when anyone came with any sufferings. We have tried to address them."

Speaking to reporters here, he said, "The Hassan related issue that started during elections, let the facts come out through a probe. Whoever it is, who has committed the mistake as per the law of the land...there is no question of forgiving anyone who has committed the mistake. So let the facts come out from the probe, after that I will react."

To a question on Prajwal Revanna going to a foreign country, Kumaraswamy said, "It is not related to me. SIT probe has been ordered, officials have been put to work. If he has gone to a foreign country, getting him back is their responsibility. What should I say, if I'm asked. They (SIT) will get him, don't worry."

Chief Minister Siddaramaiah announced the decision to constitute a SIT to probe the alleged sex scandal involving the MP.

Meanwhile, the police have information that Prajwal has left the country, according to a statement issued by the Chief Minister’s office.

"Prajwal Revanna’s explicit video clips are being circulated in Hassan and it appears prime facie that women were sexually assaulted,' the statement said, adding that the government decided to form an SIT based on a petition by the chief of the Karnataka State Commission for Women.

The Commission's chairperson Dr Nagalakshmi Chaudhary on Thursday wrote to Siddaramaiah and state police chief Alok Mohan, seeking a probe into the videos that are in circulation in Hassan.

Prajwal has through his election agent lodged a complaint with the authorities that the videos are "doctored" and being circulated to tarnish his image ahead of elections.

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News Network
May 8,2024

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Mangaluru, May 8: The health officials in Dakshina Kannada are concerned over the increase in dengue cases in the rural areas of the district. They've seen 108 cases since January, compared to 45 last year. 

Dr. Naveen Chandra Kulal, who works on controlling diseases spread by insects, says humidity makes mosquitoes breed more.

People storing water in pots and drums during summer also make more mosquitoes, he added. 

In Lingappayyakadu village near Mulky, a survey found people store lots of water because they don't have regular drinking water. Dr. Kulal says this water becomes a place for mosquitoes to breed if containers aren't closed properly.

Dengue cases are also rising in Bengaluru, Mysuru, and other districts, he said. Even though there haven't been big groups of dengue cases in Dakshina Kannada yet, the health department is trying hard to stop it from spreading. They're doing things like teaching people how to prevent dengue and getting rid of places where mosquitoes can breed.

So far this year, Dakshina Kannada district has only had 16 cases of malaria. Dr. Kulal says many of these cases were among workers who came from other states to work on building sites.

Dr. Thimmaiah HR, who works for the health department, says if people have a fever, they should go to the nearest clinic or hospital. He also says they should get tested if they have symptoms of dengue or malaria and be careful about the hot weather.

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News Network
May 7,2024

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Udupi: Udupi became the second city on the Karnataka coast after Mangaluru to launch water rationing, a senior official said on Tuesday.

Commissioner of the Udupi City Municipal Corporation Rayappa said that the rationing system will come into force from Wednesday and will continue till the water in the reservoir reaches comfortable levels.

The dam built across the Swarna river at a place called Baje, which is the only source of water for Udupi city, recorded 3.25 meters of water as against the top level of 6.30 meters.

The decision of water rationing will be reviewed periodically until the reservoir regains its fullest levels, the official said.

The Mangaluru City Corporation resorted to water rationing on Saturday following declining water levels in the reservoir built across the Nethravati river at Thumbe. 

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