The Reserve Bank of India (RBI) has taken strict action against bank managers in Karnataka after discovering counterfeit currency notes in the money remitted by these banks. The RBI has lodged a First Information Report (FIR) against the bank managers for their involvement in handling and remitting fake currency.
This move comes as part of the RBI’s efforts to combat the circulation of counterfeit notes and maintain the integrity of the currency system. The FIR reflects the seriousness with which the RBI is addressing this issue and sends a strong message to those involved in illegal activities.
The police will now carry out investigations based on the FIR to uncover the extent of the counterfeit currency network and take necessary actions against those found guilty. The RBI’s action highlights its commitment to maintaining the trust and reliability of the Indian currency and ensuring the financial security of the nation.