Negligence of bank officials..led to a big disaster. But the bank officials wisely took care not to let anyone know about the matter.

Uttar Pradesh: Hidden money is the milk of the devil… But, here one such incident took place. Negligence of bank officials..led to a big disaster. Not one, not two. 42 lakhs of cash was lost. The incident took place at Punjab National Bank (PNB) in Kanpur, Uttar Pradesh. In Pandu Nagar branch, currency chest got water and Rs. 42 lakh currency notes were soaked. But the bank officials wisely took care not to let anyone know about the matter. The performance of bank officials came to light when a Reserve Bank of India (RBI) team audited the bank’s currency chest in late July. Four officials, including Senior Manager Currency Chest Devi Shankar, have been suspended in this case.

The main currency chest is located in the Pandunagar branch of the Punjab National Bank. The main currency box is filled with twice the capacity. It is known that the reason for this is non-compliance with the regulations regarding cash balance. Reserve Bank of India officials conducted a major currency audit from July 25 to July 29. During the audit, the RBI officials found water-soaked notes. The investigation revealed that water had entered the box placed on the floor and the notes placed at the bottom had rotted due to the moisture.

At first RBI officials thought that maybe Rs.2 lakh notes were rotten, but after counting those notes for a week, the number reached Rs.42 lakh. Seeing this, RBI officials are biting their ears. Currency Chest Department Head Nidhi Pathak said that four officials have been suspended for negligence in this matter. Final action will be taken after completion of investigation.

Those suspended include Currency Chest Senior Manager Devi Shankar, Manager Asaram, Chest Officer Rakesh Kumar and Senior Manager Bhaskar Kumar Bhargava. It is reported that three of these officials were kept in the main currency chest after the notes were stained. According to RBI sources, currency chests are audited by RBI from time to time. Some rules have been made for this.

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