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Neglection of Notification on ‘Suspicious Transactions’ by Banks
Due to famine of staffs in banks to report their wary transactions, the Chennai District Election Office is incapable of keep track on devious transaction, as days running closet to the Lok Sabha election.
On Monday, a senior representative stated that till now none of the 42 banks across the city have been reported on their doubtful transactions.
To bring in a safe Lok Sabha election, last week the district election office gave its direction to the 42 bank branches and its 1000 branches to begin reporting their daily transactions.
Banks including Axis Bank, South Indian Bank, Indian Overseas Bank and United Bank of India have properly gathered data from all their branches and have remitted it, said a senior official of the office. However, 17 out of the total 42 banks have not sent any information on their daily transactions.
On Tuesday, the officials of the district election will convene with the district lead bank managers to argue banks to chase suspicious transactions. If the banks fall short to react, we will spiral it to a higher level, says the official.
Due to paucity of the manpower, tracking suspicious transactions is getting down, cited by an official of a public sector bank.
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