oppn parties Bank Staff: The Real Heroes of Implementing Demonetization

News Snippets

  • Allahabad HC said that the UP Police is acting as law unto themselves as they detained a person unlawfully even before his arrest
  • Kolkata witnesses traffic snarls on the first day of the Durga Puja festival as revellers start pnadal-hopping
  • Neha Bora was subsequently released and Dipke is to appear before a magistrate today at noon
  • Delhi Police detained Cockroach Janta Party founder Abhijeet Dipke, Neha Bora of AISA, student leaders and supporters ahead of a rally in Connaught Place demanding Chief Election Commissioner Gyanesh Kumar's resignation. The protest followed the detention and jailing of two CJP leaders earlier in the week over demonstrations at Jantar Mantar
  • The Reserve Bank of India is considering further monetary tightening to counter capital outflows and increase the cost of betting against the rupee, according to bankers and analysts cited by Reuters. The measures follow recent rate increases and steps to drain liquidity as pressure on the currency and inflation concerns persist
  • India directed oil marketing companies to stop diverting sugar-based feedstocks for ethanol production in the 2026–27 supply year, according to a new tender issued on Friday. The companies have invited bids for 11 billion litres of ethanol made from alternatives including corn and broken rice, amid concerns about domestic sugar supplies and prices
  • Finance Minister Nirmala Sitharaman said India's trade imbalance with China was growing sharply and attributed the problem partly to restrictions on Indian goods and services entering the Chinese market. China subsequently said it was ready to work with India to address mutual economic and trade concerns; India's trade deficit with China reached $69 billion in the first half of FY2026–27, up 27% year-on-year
  • Indian equity benchmarks extended their recovery on Friday, with the Sensex rising 413.66 points to close at 74,729.27 and the Nifty 50 gaining 148.80 points to settle at 23,146.15. Information technology shares, including Tech Mahindra, Infosys and TCS, helped lift the indices
  • India defeated Zimbabwe by four wickets in the opening women's T20 International in Raipur, taking a 1–0 lead in the three-match series. Deepti Sharma and Niki Prasad combined in an 82-run stand after India's top order collapsed, helping the hosts chase down Zimbabwe's total of 114 for five
  • Indian wrestler Komal won bronze in the women's 59 kg category at the Under-23 World Wrestling Championships in Las Vegas, defeating Kazakhstan's Viktoriia Khusainova 7–2. Fellow Indian Amruta Pujari advanced to the women's 72 kg final after recording two pinfall victories
  • Indian shuttler Jagsher Singh Khangurra secured a bronze medal at the BWF World Junior Badminton Championships in Cairo
  • The Supreme Court of India upheld the Bombay High Court's decision quashing the 2020 write-off of ₹8,415 crore in additional tier-1 bonds issued by Yes Bank (Yes Bank). The court ruled that the bank's administrator lacked the authority to extinguish the bonds under the final reconstruction scheme, strengthening bondholders' claims
  • The Supreme Court issued notices to the Election Commission of India, Delhi Police and opposition leaders, including Rahul Gandhi and Akhilesh Yadav, in separate petitions concerning electoral-roll revision and protests held in Delhi on October 10–12. The court also directed the preservation of CCTV footage linked to allegations of police excesses
  • The Supreme Court ruled that a person converting from Hinduism to Islam cannot automatically claim backward-class reservation benefits in the new religious community solely on the basis of their previous caste status. The judgment upheld the Madras High Court's decision striking down a 2024 Tamil Nadu government order that permitted such certification for specified communities
  • The Election Commission of India ordered a Special Summary Revision of electoral rolls in 14 states and three Union Territories, using January 1, 2027, as the qualifying date for voter eligibility. The draft rolls are scheduled for publication on November 12, claims and objections will be accepted until December 11, and the final rolls are due on January 4, 2027
Delhi HC refuses to ban CJP's Tiranga rally at Central Park in Connaught Place today /////// Police says will control and regulate it /////// NDMC closes the park for the public on Friday and Saturday
oppn parties
Bank Staff: The Real Heroes of Implementing Demonetization

By Sunil Garodia
First publised on 2016-11-18 21:31:59

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator. Author of Cyber Scams in India, Digital Arrest, The Money Trap and The Human Hack
In our worries about paucity of cash to buy daily necessities and queuing up to procure the same, let us not forget the yeoman’s service being rendered to the nation and its people by the army of bank staff. Bankers nationwide have been under immense stress since the gates were opened to the public on November 10, post demonetization. Apart from the extraordinary surge in transactions and contact with an angry and confused sea of people, the working hours have been extended – sometimes the backend operations after closure of public business has extended late into the night, what with disposing off old currency and tallying all transactions.

The biggest scare is for those who are handling the inflow of old currency notes. It is not a secret that currency notes are one of the most contaminated and germ-infested things we handle on a daily basis. The very fact that they pass through so many hands, are stored in so many places and are recklessly handled by almost everyone makes them extremely dangerous for health. In the present case, the danger has been multiplied due to the fact that a part of what is being deposited in bank accounts now was hidden for years in assorted places, packed in various ways. A Facebook post by a banker testifying to the fact that they had to use masks to avoid the disgusting stench that these currency notes were emitting has already gone viral. It is either because banking staff who are handling cash are taking extra precautions to remain uninfected or it is a miracle that we have not heard of an outbreak of skin and other diseases among them till now.

Then there is the case of stress. The work related stress is often bearable. What is not is the interaction with an unending stream of new faces, all tired (from waiting in queues), thirsty and hungry, angry, confused and concerned about their money. Most such people have a short fuse and the bank staff has been handling the situation most diplomatically and with great efficiency to prevent flare-ups. Coupled with this is the change in rules every single day. Explaining to the people why they could withdraw Rs 4500 till yesterday and only Rs 2000 today is an extremely difficult task, but the bank staff has been handling the situation admirably.

So, salute this army. Next time you visit the bank, spare a thought for all this and treat your bank teller with added respect. He or she is bearing this extreme stress only to provide you a service that is not part of their usual duty. If they can be so efficient and cheerful under the circumstances, the least you can do to repay them is to show some gratitude. Do not be rough with them and always greet them with a smile. You will be surprised how that will put them at ease. Perhaps if they find even 10 grateful customers each day, they will sleep well and will be able to bear the stress better. Remember, they have to cope with this daily till December 30.