Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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</span></span></code></pre><pre id="cakeErr6800ea752414e-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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-Hindustan Times&lt;br /&gt;
&lt;br /&gt;
The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive.&lt;br /&gt;
&lt;br /&gt;
According to a recent report by the income tax department, most banks have indulged in money laundering after the Narendra Modi government announced ban on high-value bank notes of Rs 500 and Rs 1,000 from November 8 midnight.&lt;br /&gt;
&lt;br /&gt;
Many banks accepted and exchanged the old currency notes at a premium and parked large deposits in multiple accounts, the report added. Moreover, several accounts have been opened without following Know-Your-Customer norm, the report pointed out.&lt;br /&gt;
&lt;br /&gt;
A senior government official said these banks could become conduits for black money in the future.&lt;br /&gt;
&lt;br /&gt;
At present, the scrutiny and vigilance on these banks is not as stringent as that on scheduled commercial banks.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;These banks need to be monitored as carefully as any other scheduled commercial banks have been used for a large number of inappropriate activities in the past and these can be used for the same purpose in the future,&amp;rdquo; the official, who did not wish to be identified, said.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The demonetisation drive has been used as an excuse by several of these lenders to make quick money,&amp;rdquo; the official added.&lt;br /&gt;
&lt;br /&gt;
The report also pointed out that a cooperative bank in Alwar was used to launder personal unaccounted cash of Rs 2 crore by the management.&lt;br /&gt;
&lt;br /&gt;
Similarly, in another bank in Jaipur, Rs 1.5 crore was found stashed away in a cupboard in a &amp;ldquo;cleaning&amp;rdquo; room. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.hindustantimes.com/india-news/demonetisation-effect-govt-rbi-to-bring-tougher-norms-for-co-op-banks/story-lMOOZfVGEFIr734ddov8UM.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive.&lt;br /&gt;
&lt;br /&gt;
According to a recent report by the income tax department, most banks have indulged in money laundering after the Narendra Modi government announced ban on high-value bank notes of Rs 500 and Rs 1,000 from November 8 midnight.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
&amp;ldquo;The demonetisation drive has been used as an excuse by several of these lenders to make quick money,&amp;rdquo; the official added.&lt;br /&gt;
&lt;br /&gt;
The report also pointed out that a cooperative bank in Alwar was used to launder personal unaccounted cash of Rs 2 crore by the management.&lt;br /&gt;
&lt;br /&gt;
Similarly, in another bank in Jaipur, Rs 1.5 crore was found stashed away in a cupboard in a &amp;ldquo;cleaning&amp;rdquo; room. &lt;br /&gt;
&lt;br /&gt;
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-Hindustan Times

The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive.

According to a recent report..."/>
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                <strong>Demonetisation effect: Govt, RBI to bring tougher norms for co-op banks -Mahua Venkatesh</strong></h1>
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                <div align="justify">-Hindustan Times<br /><br />The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive.<br /><br />According to a recent report by the income tax department, most banks have indulged in money laundering after the Narendra Modi government announced ban on high-value bank notes of Rs 500 and Rs 1,000 from November 8 midnight.<br /><br />Many banks accepted and exchanged the old currency notes at a premium and parked large deposits in multiple accounts, the report added. Moreover, several accounts have been opened without following Know-Your-Customer norm, the report pointed out.<br /><br />A senior government official said these banks could become conduits for black money in the future.<br /><br />At present, the scrutiny and vigilance on these banks is not as stringent as that on scheduled commercial banks.<br /><br />&ldquo;These banks need to be monitored as carefully as any other scheduled commercial banks have been used for a large number of inappropriate activities in the past and these can be used for the same purpose in the future,&rdquo; the official, who did not wish to be identified, said.<br /><br />&ldquo;The demonetisation drive has been used as an excuse by several of these lenders to make quick money,&rdquo; the official added.<br /><br />The report also pointed out that a cooperative bank in Alwar was used to launder personal unaccounted cash of Rs 2 crore by the management.<br /><br />Similarly, in another bank in Jaipur, Rs 1.5 crore was found stashed away in a cupboard in a &ldquo;cleaning&rdquo; room. <br /><br />Please <a href="http://www.hindustantimes.com/india-news/demonetisation-effect-govt-rbi-to-bring-tougher-norms-for-co-op-banks/story-lMOOZfVGEFIr734ddov8UM.html" title="http://www.hindustantimes.com/india-news/demonetisation-effect-govt-rbi-to-bring-tougher-norms-for-co-op-banks/story-lMOOZfVGEFIr734ddov8UM.html">click here</a> to read more. <br /></div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800ea752414e-trace').style.display = (document.getElementById('cakeErr6800ea752414e-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6800ea752414e-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800ea752414e-code').style.display = (document.getElementById('cakeErr6800ea752414e-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800ea752414e-context').style.display = (document.getElementById('cakeErr6800ea752414e-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6800ea752414e-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr6800ea752414e-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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-Hindustan Times&lt;br /&gt;
&lt;br /&gt;
The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive.&lt;br /&gt;
&lt;br /&gt;
According to a recent report by the income tax department, most banks have indulged in money laundering after the Narendra Modi government announced ban on high-value bank notes of Rs 500 and Rs 1,000 from November 8 midnight.&lt;br /&gt;
&lt;br /&gt;
Many banks accepted and exchanged the old currency notes at a premium and parked large deposits in multiple accounts, the report added. Moreover, several accounts have been opened without following Know-Your-Customer norm, the report pointed out.&lt;br /&gt;
&lt;br /&gt;
A senior government official said these banks could become conduits for black money in the future.&lt;br /&gt;
&lt;br /&gt;
At present, the scrutiny and vigilance on these banks is not as stringent as that on scheduled commercial banks.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;These banks need to be monitored as carefully as any other scheduled commercial banks have been used for a large number of inappropriate activities in the past and these can be used for the same purpose in the future,&amp;rdquo; the official, who did not wish to be identified, said.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The demonetisation drive has been used as an excuse by several of these lenders to make quick money,&amp;rdquo; the official added.&lt;br /&gt;
&lt;br /&gt;
The report also pointed out that a cooperative bank in Alwar was used to launder personal unaccounted cash of Rs 2 crore by the management.&lt;br /&gt;
&lt;br /&gt;
Similarly, in another bank in Jaipur, Rs 1.5 crore was found stashed away in a cupboard in a &amp;ldquo;cleaning&amp;rdquo; room. &lt;br /&gt;
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&lt;br /&gt;
The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
The report also pointed out that a cooperative bank in Alwar was used to launder personal unaccounted cash of Rs 2 crore by the management.&lt;br /&gt;
&lt;br /&gt;
Similarly, in another bank in Jaipur, Rs 1.5 crore was found stashed away in a cupboard in a &amp;ldquo;cleaning&amp;rdquo; room. &lt;br /&gt;
&lt;br /&gt;
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-Hindustan Times

The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive.

According to a recent report..."/>
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                <strong>Demonetisation effect: Govt, RBI to bring tougher norms for co-op banks -Mahua Venkatesh</strong></h1>
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                <div align="justify">-Hindustan Times<br /><br />The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive.<br /><br />According to a recent report by the income tax department, most banks have indulged in money laundering after the Narendra Modi government announced ban on high-value bank notes of Rs 500 and Rs 1,000 from November 8 midnight.<br /><br />Many banks accepted and exchanged the old currency notes at a premium and parked large deposits in multiple accounts, the report added. Moreover, several accounts have been opened without following Know-Your-Customer norm, the report pointed out.<br /><br />A senior government official said these banks could become conduits for black money in the future.<br /><br />At present, the scrutiny and vigilance on these banks is not as stringent as that on scheduled commercial banks.<br /><br />&ldquo;These banks need to be monitored as carefully as any other scheduled commercial banks have been used for a large number of inappropriate activities in the past and these can be used for the same purpose in the future,&rdquo; the official, who did not wish to be identified, said.<br /><br />&ldquo;The demonetisation drive has been used as an excuse by several of these lenders to make quick money,&rdquo; the official added.<br /><br />The report also pointed out that a cooperative bank in Alwar was used to launder personal unaccounted cash of Rs 2 crore by the management.<br /><br />Similarly, in another bank in Jaipur, Rs 1.5 crore was found stashed away in a cupboard in a &ldquo;cleaning&rdquo; room. <br /><br />Please <a href="http://www.hindustantimes.com/india-news/demonetisation-effect-govt-rbi-to-bring-tougher-norms-for-co-op-banks/story-lMOOZfVGEFIr734ddov8UM.html" title="http://www.hindustantimes.com/india-news/demonetisation-effect-govt-rbi-to-bring-tougher-norms-for-co-op-banks/story-lMOOZfVGEFIr734ddov8UM.html">click here</a> to read more. <br /></div>               </font>
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-Hindustan Times&lt;br /&gt;
&lt;br /&gt;
The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive.&lt;br /&gt;
&lt;br /&gt;
According to a recent report by the income tax department, most banks have indulged in money laundering after the Narendra Modi government announced ban on high-value bank notes of Rs 500 and Rs 1,000 from November 8 midnight.&lt;br /&gt;
&lt;br /&gt;
Many banks accepted and exchanged the old currency notes at a premium and parked large deposits in multiple accounts, the report added. Moreover, several accounts have been opened without following Know-Your-Customer norm, the report pointed out.&lt;br /&gt;
&lt;br /&gt;
A senior government official said these banks could become conduits for black money in the future.&lt;br /&gt;
&lt;br /&gt;
At present, the scrutiny and vigilance on these banks is not as stringent as that on scheduled commercial banks.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;These banks need to be monitored as carefully as any other scheduled commercial banks have been used for a large number of inappropriate activities in the past and these can be used for the same purpose in the future,&amp;rdquo; the official, who did not wish to be identified, said.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The demonetisation drive has been used as an excuse by several of these lenders to make quick money,&amp;rdquo; the official added.&lt;br /&gt;
&lt;br /&gt;
The report also pointed out that a cooperative bank in Alwar was used to launder personal unaccounted cash of Rs 2 crore by the management.&lt;br /&gt;
&lt;br /&gt;
Similarly, in another bank in Jaipur, Rs 1.5 crore was found stashed away in a cupboard in a &amp;ldquo;cleaning&amp;rdquo; room. &lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive.&lt;br /&gt;
&lt;br /&gt;
According to a recent report by the income tax department, most banks have indulged in money laundering after the Narendra Modi government announced ban on high-value bank notes of Rs 500 and Rs 1,000 from November 8 midnight.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
The report also pointed out that a cooperative bank in Alwar was used to launder personal unaccounted cash of Rs 2 crore by the management.&lt;br /&gt;
&lt;br /&gt;
Similarly, in another bank in Jaipur, Rs 1.5 crore was found stashed away in a cupboard in a &amp;ldquo;cleaning&amp;rdquo; room. &lt;br /&gt;
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The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive.

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-Hindustan Times

The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive.

According to a recent report..."/>
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                <strong>Demonetisation effect: Govt, RBI to bring tougher norms for co-op banks -Mahua Venkatesh</strong></h1>
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                <div align="justify">-Hindustan Times<br /><br />The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive.<br /><br />According to a recent report by the income tax department, most banks have indulged in money laundering after the Narendra Modi government announced ban on high-value bank notes of Rs 500 and Rs 1,000 from November 8 midnight.<br /><br />Many banks accepted and exchanged the old currency notes at a premium and parked large deposits in multiple accounts, the report added. Moreover, several accounts have been opened without following Know-Your-Customer norm, the report pointed out.<br /><br />A senior government official said these banks could become conduits for black money in the future.<br /><br />At present, the scrutiny and vigilance on these banks is not as stringent as that on scheduled commercial banks.<br /><br />&ldquo;These banks need to be monitored as carefully as any other scheduled commercial banks have been used for a large number of inappropriate activities in the past and these can be used for the same purpose in the future,&rdquo; the official, who did not wish to be identified, said.<br /><br />&ldquo;The demonetisation drive has been used as an excuse by several of these lenders to make quick money,&rdquo; the official added.<br /><br />The report also pointed out that a cooperative bank in Alwar was used to launder personal unaccounted cash of Rs 2 crore by the management.<br /><br />Similarly, in another bank in Jaipur, Rs 1.5 crore was found stashed away in a cupboard in a &ldquo;cleaning&rdquo; room. <br /><br />Please <a href="http://www.hindustantimes.com/india-news/demonetisation-effect-govt-rbi-to-bring-tougher-norms-for-co-op-banks/story-lMOOZfVGEFIr734ddov8UM.html" title="http://www.hindustantimes.com/india-news/demonetisation-effect-govt-rbi-to-bring-tougher-norms-for-co-op-banks/story-lMOOZfVGEFIr734ddov8UM.html">click here</a> to read more. <br /></div>               </font>
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-Hindustan Times<br />
<br />
The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive.<br />
<br />
According to a recent report by the income tax department, most banks have indulged in money laundering after the Narendra Modi government announced ban on high-value bank notes of Rs 500 and Rs 1,000 from November 8 midnight.<br />
<br />
Many banks accepted and exchanged the old currency notes at a premium and parked large deposits in multiple accounts, the report added. Moreover, several accounts have been opened without following Know-Your-Customer norm, the report pointed out.<br />
<br />
A senior government official said these banks could become conduits for black money in the future.<br />
<br />
At present, the scrutiny and vigilance on these banks is not as stringent as that on scheduled commercial banks.<br />
<br />
&ldquo;These banks need to be monitored as carefully as any other scheduled commercial banks have been used for a large number of inappropriate activities in the past and these can be used for the same purpose in the future,&rdquo; the official, who did not wish to be identified, said.<br />
<br />
&ldquo;The demonetisation drive has been used as an excuse by several of these lenders to make quick money,&rdquo; the official added.<br />
<br />
The report also pointed out that a cooperative bank in Alwar was used to launder personal unaccounted cash of Rs 2 crore by the management.<br />
<br />
Similarly, in another bank in Jaipur, Rs 1.5 crore was found stashed away in a cupboard in a &ldquo;cleaning&rdquo; room. <br />
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-Hindustan Times<br />
<br />
The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive.<br />
<br />
According to a recent report by the income tax department, most banks have indulged in money laundering after the Narendra Modi government announced ban on high-value bank notes of Rs 500 and Rs 1,000 from November 8 midnight.<br />
<br />
Many banks accepted and exchanged the old currency notes at a premium and parked large deposits in multiple accounts, the report added. Moreover, several accounts have been opened without following Know-Your-Customer norm, the report pointed out.<br />
<br />
A senior government official said these banks could become conduits for black money in the future.<br />
<br />
At present, the scrutiny and vigilance on these banks is not as stringent as that on scheduled commercial banks.<br />
<br />
&ldquo;These banks need to be monitored as carefully as any other scheduled commercial banks have been used for a large number of inappropriate activities in the past and these can be used for the same purpose in the future,&rdquo; the official, who did not wish to be identified, said.<br />
<br />
&ldquo;The demonetisation drive has been used as an excuse by several of these lenders to make quick money,&rdquo; the official added.<br />
<br />
The report also pointed out that a cooperative bank in Alwar was used to launder personal unaccounted cash of Rs 2 crore by the management.<br />
<br />
Similarly, in another bank in Jaipur, Rs 1.5 crore was found stashed away in a cupboard in a &ldquo;cleaning&rdquo; room. <br />
<br />
Please <a href="http://www.hindustantimes.com/india-news/demonetisation-effect-govt-rbi-to-bring-tougher-norms-for-co-op-banks/story-lMOOZfVGEFIr734ddov8UM.html">click here</a> to read more. <br />
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-Hindustan Times

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Demonetisation effect: Govt, RBI to bring tougher norms for co-op banks -Mahua Venkatesh

-Hindustan Times The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive. According to a recent report by the income tax department, most banks have indulged in money laundering after the Narendra Modi government announced ban on high-value bank notes of Rs 500 and Rs 1,000 from November 8 midnight. Many banks accepted and exchanged the old currency notes at a premium and parked large deposits in multiple accounts, the report added. Moreover, several accounts have been opened without following Know-Your-Customer norm, the report pointed out. A senior government official said these banks could become conduits for black money in the future. At present, the scrutiny and vigilance on these banks is not as stringent as that on scheduled commercial banks. “These banks need to be monitored as carefully as any other scheduled commercial banks have been used for a large number of inappropriate activities in the past and these can be used for the same purpose in the future,” the official, who did not wish to be identified, said. “The demonetisation drive has been used as an excuse by several of these lenders to make quick money,” the official added. The report also pointed out that a cooperative bank in Alwar was used to launder personal unaccounted cash of Rs 2 crore by the management. Similarly, in another bank in Jaipur, Rs 1.5 crore was found stashed away in a cupboard in a “cleaning” room. Please click here to read more.