Congress on Friday demanded a probe into reports on scrapped notes of Rs 500 and Rs 1,000 deposited
postdemonetisation in the Ahmedabad District Cooperative Central Bank, which has BJP chief Amit Shah as its director, but
Nabard rebutted the charge of any irregularity in the matter.
“We expect the prime minister will himself come forward and give answers. There should be an independent time-bound probe into this entire scam,” Congress spokesman Randeep Surjewala said in response to reports that the Ahmedabad DCCB received the highest deposits post-demonetisation.
In a sarcastic tweet, Congress chief Rahul Gandhi congratulated Shah for being the director of a bank that won “the first prize in conversion of old notes to new Rs 750 crore in five days”.
Nabard denied there was any irregularity in demonetisation deposits of Rs 745.58 crore in Ahmedabad DCCB, saying it were not disproportionate to the bank’s client base and that the average per account was in fact lower that the average for 18 cooperative banks in Gujarat.
On the charge that a record value of notes was deposited in a week after demonetisation, RBI sought verification of KYC compliance of accounts into which the notes were deposited during the period November 10-14, 2016.
Nabard, which deals with cooperative banks, said during the period, 1.60 lakh customers of the bank deposited or exchanged demonetised notes worth Rs 746 crore which was just 15% of the total deposits of the bank.
Of the demonetisation deposits, less then Rs 2.5 lakh were deposited in 98.66% of accounts. Of the total accounts with the bank, deposits above Rs 2.5 lakh were made in only 0.09% accounts. “Incidentally, demonetised notes presented in DCCBs of Maharashtra were higher than those deposited in Gujarat, followed by DCCBs in Kerala,” Nabard said, adding the average amount of demonetised notes deposited by customers of the bank was lower than that of other banks.
As per the verification report of Nabard, required under the extant rules, the bank had also submitted the required Cash Transaction Reports (CTRs) and STRs to FIUIndia wherever required.
“The farmer friendly bank adopted technology to the core to enhance ease of doing banking,” Nabard said, adding it has maintained high profitability and zero net NPA.