Explanation on the absence of record of Rs. 500 note from State Bank
KARACHI: State Bank has issued a written explanation on the failure of record of Rs 500 note.
According to a statement issued by the State Bank, the State Bank has all records regarding the exchange of Rs 500 notes in 2012. According to the statement, the State Bank has 16 field offices across the country with records of bad, damaged and changed notes.
The statement said that the audit team visited the Karachi office and the team imagined that all records of the old note were in the Karachi office while some records of bad, damaged and changed are also in the regional offices.