RBI is jumping the gun, causing law & order problems at banks
New Delhi, 26 th November, 2016: RBI was causing public unrest outside bank branches by publicly announcing measures before delivering the relevant notifications, guidelines and conditions to bank branches, said the Harvinder Singh, General Secretary of All India Bank Officers Confederation (AIBOC), In an exclusive interview with Varun Krishna , Mr Singh criticized the Reserve Bank specifically for a premature announcement that those with weddings in the family could withdraw Rs 2.5 lakh cash. Bank branches could not comply, as they were yet to receive the Reserve Bank's notification, and the public vented its anger and frustration on the bank officers, the trade union leader pointed out. RBI should send notifications to banks before making public announcements: AIBOC "Law and order outside the bank branches is to be looked after by us (officers)," said Harvinder Singh. "One of two policemen cannot control the mob. When people come inside, there ar...