Karnataka government suspends all dealings with SBI, PNB
Wednesday, 14 August 2024 () The Karnataka government ordered the immediate suspension of all transactions with State Bank of India (SBI) and Punjab National Bank (PNB) after incidents of alleged embezzlement. A finance department circular instructed the closure of accounts and withdrawal of deposits from these banks, prohibiting any further investments or deposits by government entities.
Chief Minister Siddaramaiah-led Karnataka government has issued a directive ordering all state government undertakings to suspend transactions with State Bank of... DNA