RBI wants special force to guard banks’ currency chests in state

In the wake of shortage of security personnel to guard currency chests in Gujarat, the Reserve Bank of India said Friday it is examining a proposal to set up a dedicated security force for the purpose.

"We are examining a proposal to set up a dedicated security force for guarding currency chests of banks in Gujarat. The proposal is at a very preliminary stage," Regional Director of RBI Sudarshan Sen said.

There are 272 currency chests of various banks across Gujarat where currency notes are stored and the proposal for a special force was mooted after banks faced problem in getting adequate police security on demand from the state, according to sources.

When contacted, DGP Chittranjan Singh said a decision on special force would be taken after banks submit a proposal to the effect.

"Banks will submit a proposal regarding setting up of a dedicated police force for them to the government. A decision will be taken after that," he said.

According to Sudarshan Sen, the proposed security force could be on the lines of ONGC's dedicated battalion for its installations.

The proposal moved in this connection earlier had stated that RBI and banks could jointly pay for an exclusive security force.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus