Counterfeit Cash and Institutional Rot A recent case of a Punjab National Bank (PNB) money vault in Saharanpur, Uttar Pradesh, being swindled out of Rs 7.
4 crore worth of real currency notes replaced with fake ones has sent shockwaves through the financial sector. This is not just another heist – it's a symptom of deeper rot within India's banking system.
At first glance, the brazen nature of this crime is breathtaking: a Special Investigation Team (SIT) has been formed to probe the improbable heist, and several bank officials and private individuals have already been named as primary suspects.