Home News Reports Banks facing the heat in demonetisation crack-down

Banks facing the heat in demonetisation crack-down

After the Income Tax department conducted a series of raids on Axis Bank Delhi and found crores of dubious money deposited in fake accounts, people were anxious to know how is the government tackling these cases. While people are standing outside ATMs/banks for hours for 2000 rupees, these officials were helping in conversion of crores of black money. These incidents were bound to infuriate people against Axis Bank, and they did too.

As the days after the declaration of demonetisation scheme are progressing, PM Narendra Modi is stunning everyone by revealing unexpected strategies made by his team to catch black-money holders and officials who are aiding them. After several raids and speculations on banks, Modi humorously spoke how the I-T department is quick to identify these hoarders and bankers.

In his speech at inauguration of an Amul unit in Deesa, Modi said,

Corrupt Bank officials are going to jail. People who ran away with big bundles of cash are going to jail. They thought, Modi ji has banned Rs 1000, Rs 500 but they would do something from the back gate. But they didn’t know, Modi has put cameras on the back gates. All of them will be arrested, no one will be spared.

- Advertisement - - Article resumes -

Today media houses are reporting that the government has conducted sting operations in around 500 branches of banks across the country.

Some of the news are also reporting the possibility of cancellation of Axis Bank licence.

Things will only get clearer after the Finance Ministry puts official statements on the sting operations. However, the sting news will certainly give a warning and fear to those bankers who are abetting the corrupts.

Share This Post With Your Friends & Fans:
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Election 2019 Final Tally

Check the final seat tally and other post election coverage

A tribute to OpIndia’s fallen star

On 13th May 2019, Devandhu Rajput succumbed to cancer.

The Left has lost its deposit. It is time for the Right to fight Modi

Modi 2.0 heralds a new beginning for India and her people. It must not be allowed to cultivate the habits of Modi 1.0.

Smriti Irani’s aide in Amethi shot dead, his son says some Congress workers were not happy with BJP’s ‘Vijay Yatra’

Smriti Irani had defeated Rahul Gandhi on his home turf of Amethi in Uttar Pradesh by a margin of 55,120 votes
NYT peddles Modi 2.0 as victory of India's most divisive leader

Dear New York Times, India has chosen Modi 2.0, deal with it

When India gives a thumping, unprecedented, overwhelming victory to a man who has made every single Indian feel proud of their nation and heritage, the NYT's heartburn is expected. 

Congress-friendly journalist Pallavi Ghosh calls out her own channel for reporting ‘wrong news’ about the Gandhis

Senior journalist Pallavi Ghosh just accused her own channel of spreading fake news

Congress is now reduced to a ‘vote cutter’ party, costing its allies as many as 9 seats in UP

The grand old party has reduced itself to a fringe party which cuts into votes costing their own former ally as many as 9 seats in UP
CWC has 'unanimously' rejected Rahul Gandhi's resignation

The Clown Prince is completely naked but the CWC does not have the courage to tell him

CWC, where Rahul Gandhi is the chairman, rejected Rahul's resignation, asked him to reconstruct the party.

The Wire traces and ‘hunts down’ Muslim women who support Modi, call them ‘RSS-backed’

The Wire insinuates that the voices of these Muslim women are not valid only because they are part of an organisation that is 'RSS-backed'

The story of BJP’s rise and rise in West Bengal: The story starts not in 2019 but 2017 Ram Navami

History may remember the 23rd of May, 2019 as the day when the future of Bengal Politics changed forever. However, it was on the 5th of April, 2017, on the auspicious day of Ram Navami that the seeds of it were sown.
Subscribe to Day's Top Stories

Latest articles

Connect with us

165,037FansLike
143,322FollowersFollow
65,201SubscribersSubscribe
Share This Post With Your Friends & Fans: