Tag Archives: Currency

Two RBI Officials Arrested For Illegal Currency Conversion

Bengaluru: The CBI has arrested two Reserve Bank of India (RBI) officials in Bengaluru allegedly involved in an illegal exchange of nearly Rs. 2 crore in spiked currency notes, officials said on Saturday. A CBI official said a senior special assistant and a special assistant of the RBI’s cash department were held after they were found exchanging scrapped banknotes with ... Read More »

Demonetisation: RBI Seeks Details Of Fake Currency From Banks

Mumbai: To ascertain the amount of counterfeit currency, the Reserve Bank has asked all banks to send details of all fake notes detected during exchange and deposits of defunct old high-value notes post demonetisation. Banks are required to send details of fake currencies in three different dates, the first of which is December 16. The RBI in an advisory issued ... Read More »