HDFC Bank dismisses 4 employees over unauthorized exchange of old notes

Four representatives, including a branch supervisor, of HDFC bank in Chandigarh were sacked for supposedly enjoying unapproved trade of demonetized money takes note of, the bank said in an announcement on Saturday.

“Administrations of the representatives, posted with the Sector-15 branch here, were ended quickly after it was found they were supposedly supporting a man known to one of them by trading his demonetized money notes with new notes,” it said. The bank said “a detached” occurrence of “unapproved” money trade including the representatives went to its notice after its frameworks identified an irregularity.

In another episode, a bank chief and a clerk of an open area bank were captured by the Punjab police on Friday in Bathinda for supposedly charging cash to “supplant” demonetized coin notes.