SBI rejects charges on 1300 crore deposit post demonetization

From Our Correspondent

Itagar, Dec 28: The State Bank of India has expressed shock over recent media reports that amounts to the tune of Rs 1,300 crore have been deposited in 15 accounts of the bank’s various branches in the state after demonetization drive launched by Prime Minister rendra Modi.

SBI Regiol Mager Sakya Sinha Bairagi in a statement today said, “This has badly affected the image of the premier Bank and demoralized the employees of SBI who tirelessly worked till midnight including Saturday and Sundays to help people exchange/deposit their hard earned old high denomition notes.” “Being the premier bank of the country, while rendering numerous banking services to the state we strictly adhere to the laid down systems and procedures in dealing with day to day banking activities with professiol zeal and due diligence. We have verified all our relevant records minutely and found that no such deposits were made in any branch of the SBI in the state under Itagar Region,” he clarified. He said, the Itagar region (SBI) has 43 branches out of which 26 branches are in Aruchal Pradesh. “The total deposit figure of these 26 Branches as on November 8 last was Rs 1595 crore and Rs 1748 crore as on December 24 last with a margil increase of Rs 153 crore during the demonetization period of 45 days,” the Regiol Mager said. “We strongly condemn such misleading news reports without knowing the factual data who are the fourth pillar of the society. At the same time, we appealed one and all not to impress upon such misleading news,” he said.

Bairagi added that during the entire demonetization period the cooperation, dedication and hard work rendered by the SBI employees have been appreciated by the people, state government as well as the central government at various levels. “We also expect such appreciation and encouragement from all concerned including various media houses,” he added.