<h1>27 Bank Officials Suspended, 6 Transferred for Violating RBI Instructions Post-Demonetization on November 8, 2016.</h1> Following the government's decision to demonetize specific bank notes on November 8, 2016, banks have worked diligently to manage transactions. However, some bank officials were found conducting transactions that violated the Reserve Bank of India's instructions. Consequently, 27 officials from various public sector banks have been suspended, and 6 have been transferred to non-sensitive positions. The authorities emphasize that while genuine transactions are being facilitated, any illegal activities will not be tolerated, and appropriate measures will be enforced against those involved in unauthorized actions.