According to an RTI reply, the RBI reportedly admitted to having no details of irregularities or scams in exchange of demonetised currency notes by cooperative banks. Notably, the query sought details on irregularities committed by them, and on alleged corruption by officials. Interestingly, RBI reportedly barred district cooperative banks from accepting old notes due to alleged money-laundering instances post demonetisation.
By Varun Vasudevan | Jan 16, 2017 5:07 PM #ReserveBankOfIndia
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