Gujarat based Kalupur Commercial Cooperative Bank has suspended its assistant manager after he could not report large transactions in two accounts post demonetisation. The bank has ordered an inquiry into the matter reports Ahmedabad Mirror.
Confirming the suspension bank officials said ” We had given strict instructions to our all bank employees to inform their seniors about unusual transactions. We have anti-money laundering programme with 60 parameters that need to be checked on each transaction. We have alerted the FIU and RBI.” officials said.
