99% Of Banned 1,000-Rupee Notes Returned, Says RBI

[T-72]

You talk as if it was a bad thing, hence the debate.
You claimed something & I disagreed. I provided my side showing your logic is false.

Look, it's ok if you want the debate to end but I request you to not sway by the stupid articles in media and use the knowledge you earned

To be brutally honest, couldn't care less about people dying or the corrupt losing money or whatever.

Not sure about you, were you sitting in Germany then too ? but it inconvenienced me greatly, and so I thought and still think it was a shite move.

greater good gaya tel lene, can't think like a scumbag collectivist commie or islamist.

 

[pothead]

To be brutally honest, couldn't care less about people dying or the corrupt losing money or whatever.

Not sure about you, were you sitting in Germany then too ? but it inconvenienced me greatly, and so I thought and still think it was a shite move.

greater good gaya tel lene, can't think like a scumbag collectivist commie or islamist.

Inconvenience?!
That's not what you are claiming, is it?

Me being in any other country has nothing to do with the facts of the debate.

Stop shifting goal posts. People were inconvenienced, that's a fact but the narrative being spread around is one of poor people being completely destroyed and deaths.
Hence the debate and discussion!

 

[T-72]

Inconvenience?!
That's not what you are claiming, is it?

Me being in any other country has nothing to do with the facts of the debate.

Stop shifting goal posts. People were inconvenienced, that's a fact but the narrative being spread around is one of poor people being completely destroyed and deaths.
Hence the debate and discussion!

Not shifting goalposts, just giving you my take on it. It was a pretty horrible experience. I remember well reading about a lot of chaos and some deaths at the time but was mostly too busy trying to fix my own problems.

also, you really a @pothead or is that just a username ?

I smoke, pot is good.

 

[Han Patriot]

Banks do not get to "choose" to report or not report.

The Banking software is figured to automatically report any large transaction to the RBI via the banking network called INFINET and is part of Core Banking system.

All transactions are stored in the RBI servers by default and any suspicious transaction can be investigated by the Enforcement Directorate which has access to these records.

Only thing a Bank manager can do is split a large transaction into smaller transactions.



It can happen when the Bank Manager is complicit , but his complicity is recorded and when an audit happens he will get suspended or dismissed from service.

A LOT of SBI managers got suspended or transferred after the DeMo. The bank manager of my local SBI branch was suspended and dismissed from service.

Read this genius
http://timesofindia.indiatimes.com/...picious-transactions/articleshow/56321731.cms

 

[ashok321]

https://twitter.com/x/status/903597758136803328

 

[IndoCarib]

Guys please do not tag me in nonsensical BJP, Sangh, Hindutva, cow, Demonetisation, election threads.

I have a clear idea where we are headed. And have less than zero interest in butting heads with dimwits with saffron stained chaddis.

Cheers, Doc

To all DumbAsses, few truths about Demo.

https://twitter.com/x/status/902883428315656192

https://twitter.com/x/status/902881978034335745

https://twitter.com/x/status/902878467875782657

https://twitter.com/x/status/902877456075341824

https://twitter.com/x/status/902877009155506184

Let's start the debate DumbAsses. When facts hit you, as usual you will run away.

Why dont you debate ? Why @padamchen and @duhastmish ran away with tail between your legs ??

 

[padamchen]

Why dont you debate ? Why @padamchen and @duhastmish ran away with tail between your legs ??

There is nothing to debate.

This government needs to die.

Cheers, Doc

 

[IndoCarib]

There is nothing to debate.

This government needs to die.

Cheers, Doc

If only wishes were horses, ...... ........ ........

 

[padamchen]

If only wishes were horses, ...... ........ ........

Well, look around you.

Beggars are riding ....

Cheers, Doc

 

[Soumitra]

Why dont you debate ? Why @padamchen and @duhastmish ran away with tail between your legs ??

Oh you know these people are the "Elite" secularists. they live in their own dream castle hoping against hop that their way of life will be restored in 2019 but that is not going to happen. All the supporters of BJP will ensure that. We were complacent in 2004 but we wont repeat the mistake in 2019

 

[Vishwabalas]

Read this genius
http://timesofindia.indiatimes.com/...picious-transactions/articleshow/56321731.cms

1. RBI had back in 2012, directed all banks in India to update software for automatic alert for Suspicious Transactions. This is Mandatory for all banks which has core banking solution.

2. India has two kinds of bank, govt. banks which form the majority and private banks. Govt. banks are linked to the RBI via a core banking solution and the records is with the RBI. Private banks have to record and report suspicious transactions within 7 days.

3. Cash Transactions reports are filed every month. Suspicious transaction report is filed every 7 days. This is mandatory on the banks. Non compliance results in Jail and suspension of banking license.

4. Even though the RBI has access to all records, the reporting of marked transactions is done to the Financial intelligence unit which is part of the Finance Ministry and not RBI.

No if you still don't get it, just accept the fact that you are an Idiot and stop wasting my time.

And a hell of a lot many more got away with it. C'mon man, be honest, you know how things work in India.

People get away with crime in all parts of the world. Not just in India.

But SBI is among the most trustworthy banks in the world and our banking practices are world class. Better than world class.

 

[T-72]

People get away with crime in all parts of the world. Not just in India.

They do indeed.

But SBI is among the most trustworthy banks in the world and our banking practices are world class. Better than world class.

Bhai, not singling out India/BJP for criticism and hate like the leftists here are but I felt this particular move by the Modi administration was/is deserving of some criticism based on my -ve personal experience.

Not going to cheer if the state made a windfall profit off of this if they cut into my profits, which they did.

This was like a natural disaster, just glad it's in the past.

 

[Vishwabalas]

They do indeed.

Bhai, not singling out India/BJP for criticism and hate like the leftists here are but I felt this particular move by the Modi administration was/is deserving of some criticism based on my -ve personal experience.

Not going to cheer if the state made a windfall profit off of this if they cut into my profits, which they did.

This was like a natural disaster, just glad it's in the past.

It was just for 50 days. But it wiped out pakistani Fake currency in one shot.

Everything else was just bonus.

Is not always about profit or loss, but if you want to blame somebody, blame pakistan for flooding India with Fake currency and funding terrorism.

Its weird when you single out Modi for doing the right thing.

I have many other issues with how Modi runs the economy, but DeMo is not one of my grouse.

Anyway I too am glad its in the past.

 

[T-72]

It was just for 50 days. But it wiped out pakistani Fake currency in one shot.

Everything else was just bonus.

Is not always about profit or loss, but if you want to blame somebody, blame pakistan for flooding India with Fake currency and funding terrorism.

Its weird when you single out Modi for doing the right thing.

I have many other issues with how Modi runs the economy, but DeMo is not one of my grouse.

Anyway I too am glad its in the past.

Fair enough, DeMo is just not something I will ever recall fondly though..

anywho.. it's long been over, jo ho gaya so ho gaya...moving on.

 

[Han Patriot]

1. RBI had back in 2012, directed all banks in India to update software for automatic alert for Suspicious Transactions. This is Mandatory for all banks which has core banking solution.

The debate is not over alert for suspicious transaction, the debate is whether the suspicious transaction is alerted directly to RBI or it depends on the bank reporting it. See the difference? I had never denied the fact that banks will have software alerting transaction of a certain amount. The article just proved my point, reporting depends on the bank, and that depends on the bank manager. If the system is flawless and incorruptible as implied by you, how did 99% of the money go back into the system ? You are also mistaking tax inspectors to RBI, RBI does not decide whether the money is white or black, they only check anomalies of large transfer to and fro India. Understand genius?

If I hadn't posted that article, you would have no clue at all. So stop repeating what was stated in the article I posted.