RBI misleading people: AIBEA

The All India Bank Employees Association (AIBEA) has asked the RBI not to mislead public by claiming that adequate money was being sent to banks in Kerala.

C.D. Josson, the state secretary of AIBEA, told IANS that while the battle against black money was fine, banks and ATMs had been rendered cashless after demonetisation.

"We banking staff are the contact point with people. When the RBI issues statements that it is providing adequate currencies, the ire of the public at large is against us. This has to stop," said Josson.

He said the need of the hour was Rs 500, Rs 100, Rs 50 and Rs 20 notes.

The AIBEA also urged Prime Minister Narendra Modi to honour his word by bringing back black money stashed in foreign banks.

"We request you to see that the outstanding loans of big corporates and of people like Vijay Mallya be recovered. Also, the names of big (loan) defaulters should be published," it said in a statement.

--IANS

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