RBI advises banks to store CCTV recordings of operations at bank branches from Nov 8 to Dec 30

Mumbai: Briefing media On Tuesday, Reserve Bank of India (RBI) officials informed that Rs 12.44 lakh crore have been collected at banks in demonetised notes till December 10.

RBI has advised banks to preserve the CCTV recordings of operations at bank branches and currency chests from November 8 to December 30, 2016.

The RBI in a statement informed "to facilitate coordinated and effective action by the enforcement agencies in dealing with matters relating to illegal accumulation of new currency notes".

RBI Deputy Governor SS Mundra said that notice has been issued to all banks for data checking.

Talking abou the junior RBI official arrested in case of money laundering earlier in the day, Mundra said that the accused has been already suspended.

RBI Deputy Governor R Gandhi said that public is requested to freely use notes they have rather than holding them.

RBI officials also praised banking industry for doing good work on regular basis. They also informed that currency notes are being issued by RBI regularly.

RBI has released 4.61 lakh crore currency notes till date.

RBI officials also said that probe will be ordered wherever the need arises.

Earlier in the day Central Bureau of Investigation (CBI) had arrested a Reserve Bank of India (RBI) employee for allegedly helping touts in exchanging Rs 1.51 crore.

Rs 16 lakh in new currency was recovered from the accused posted as Senior Special Assistant with RBI.