HDFC bank sacks 4 staffers for unauthorised exchange of notes

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Four employees, including a branch manager, of HDFC bank here were sacked for allegedly indulging in unauthorised exchange of demonetised currency notes, the bank said in a statement today.

HDFC
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“Services of the employees, posted with the Sector-15 branch here, were terminated immediately after it was discovered they were allegedly favouring a person known to one of them by exchanging his demonetised currency notes with new notes,” it said.

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The bank said “an isolated” incident of “unauthorised” currency exchange involving the employees came to its notice after its systems detected an inconsistency.

In another incident, a bank manager and a cashier of a public sector bank were arrested by the Punjab police yesterday in Bathinda for allegedly charging money to “replace” demonetised currency notes.

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