Currency grubbers

Bank>> Termite Attack • India

Published: Saturday 14 May 2011

imageStaff at a bank in Uttar Pradesh has been blamed for allowing termites to eat their way through banknotes.

The insects are believed to have chewed their way through notes worth some Rs 1 crore. “The branch management has been found guilty of laxity due to which the notes were damaged by termites in the Fatehpur branch of Barabanki district,” State Bank of India’s chief general manager Abhay Singh told the news agency Press Trust of India. He said that identity numbers on majority of the notes were still intact, which meant that they could be replaced.

Directives have now been issued to branches that stored currency in strongrooms to ensure that the condition of the cash is checked every two months, he said.

Subscribe to Daily Newsletter :

Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.