Banks warn to halt IC Transactions
Commercial banks have threatened to stop transactions in Indian Currency (IC), including issue of demand drafts, if the Department of Revenue Investigation — which is investigating cases of IC misappropriation through fake customs declarations — took action against implicated bank staff.
The bankers issued their warning after Nepal Bankers Association (NBA) on Tuesday decided to ´protect the image of banks´ and converged on protesting ´possible malafide´ action against bank staff by the revenue investigation authority.
