Chandigarh, Dec. 3 (PTI): A branch manager and three other employees of HDFC Bank in Chandigarh have been sacked for alleged unauthorised exchange of demonetised currency notes, the bank said in a statement today. The bank said "an isolated" incident of "unauthorised" currency exchange came to its notice after its systems detected an inconsistency. In Bathinda, Punjab, a manager and a cashier of a public sector bank were arrested yesterday for allegedly charging money to exchange demonetised currency notes. Parveen Kumar, a resident of Rama Mandi here, had lodged a police complaint saying the bank manager, Manish Bharti, and cashier, Gaurav Garg, gave him Rs 80,000 in new currency notes in exchange for Rs 1 lakh in demonetised bank notes, they said. At Karnal in Haryana, four persons were arrested on charges of selling gold at a premium in demonetised currency notes, police said today.

Source: The Telegraph December 03, 2016 21:08 UTC