Alert police about threat perceptions: RBI official
Outflow of coins must be monitored by banks
Media urged not to take ’chest movement’ photos
Tuticorin: The first meeting of the newly constituted District Level Security Committee held here on Wednesday discussed issues related to security of banking operations in the district.
The Collector, R. Palaniyandi, who is the chairman of the committee, reviewed the security of bank branches having ‘currency chest’ which facilitates exchange of mutilated, torn and defective notes, movement of currency and overall currency management in the district.
Panel members
The committee, which was constituted by the Reserve Bank of India, has the Assistant General Manager of Reserve Bank of India as its convener, the Superintendent of Police as its member, the lead bank manager, regional heads of currency chest branches in the district and representatives of district central co-operative bank, leading urban bank of the district, all as its co-ordinators.
P.M. Rajagopal, Assistant General Manager (Issue department), Reserve Bank of India, asked the managers to identify threat perceptions to their branches, if any, periodically.
They should then pass the information to the police so that the branch could be kept under direct vigil by crime prevention agencies.
Counterfeit notes
Mr. Rajagopal said that banks should attach due importance to monitor the outflow of coins, to prevent anti-national elements from using it for commercial purposes after melting it. Similarly, banks should lodge a complaint with the police whenever they detect counterfeit notes. He urged the media not to photograph the ‘chest movement’ to maintain secrecy.
Dr. Palaniyandi said that the meetings of the committee would be convened by the Lead Bank (State Bank of India) once in every quarter of a financial year from now.
J. Vasanthi, lead bank manager, was present.
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