Tag: FundMisappropriation

  • SBI and PNB Seek Resolution with Karnataka Government Amid Account Closure Orders

    The Karnataka government has mandated the closure of all state accounts with the State Bank of India (SBI) and Punjab National Bank (PNB) due to allegations of fund misappropriation. This directive impacts a wide range of state entities and requires all funds to be withdrawn by September 20. Both banks are actively working with the government to resolve the issue amicably while navigating the legal complexities of the situation.