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World / Asia

India’s top lender examining notes at ATMs after fake currency report

Published: 22 Feb 2017 - 08:28 pm | Last Updated: 13 Nov 2021 - 02:36 pm
People queue outside an ATM of State Bank of India to withdraw money in Kolkata, November 22, 2016 (REUTERS / Rupak De Chowdhuri)

People queue outside an ATM of State Bank of India to withdraw money in Kolkata, November 22, 2016 (REUTERS / Rupak De Chowdhuri)

Reuters

NEW DELHI: India’s top lender State Bank of India said on Wednesday it is examining all currency notes at automated teller machines (ATMs) after media reports cited fake 2,000 rupee notes being dispensed by one of its ATMs in New Delhi.

SBI accounts for more than a fifth of India’s banking assets.

The bank, in a statement, said it suspected foul play and investigations were underway.

(Reporting by Neha Dasgupta and Nidhi Verma; Editing by Janet Lawrence)