Karnataka govt orders state departments to close accounts in SBI & PNB

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The Karnataka government on Wednesday ordered all departments to close their accounts in SBI and PNB. All state departments have been directed to close accounts and recover deposits. No further deposits or investments will be allowed in these banks. The decision has been taken over alleged misappropriation of funds.

The state government has set September 20 deadline for all departments to comply, according to a circular dated August 12 from PC Jaffer, secretary (budget & resources), finance department, which has been approved by CM Siddaramaiah.

"Accounts held in the State Bank of India and Punjab National Bank by state government departments, public enterprises, corporations, local bodies, universities, and other institutions must be terminated forthwith. Additionally, no further deposits or investments are to be made in these banks," the order said.

Additionally, accounts held by state government departments, public enterprises, corporations, local bodies, universities, and other institutions in SBI and PNB must be terminated forthwith.

https://www.moneycontrol.com/news/business/karn...

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State-run Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd is at the centre of the alleged fund transfer scam. Corporation's accounts superintendent Chandrashekhar P’s May 26 suicide note exposed the alleged scam

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These leaders here not to solve a problem but to create a new one on daily basis. #Kannadiga. 😔

Beacon Beacon
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Good

Deal Baba Deal Baba
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imagesimages-1

Finance Mentor Finance Mentor
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Probably having them switch to a state bank like, karnataka bank to keep it within the state. @simhapur

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They will open account in local co operative Bank so they can keep tight control on the information about the misuse of funds

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State-run Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd is at the centre of the alleged fund transfer scam. Corporation's accounts superintendent Chandrashekhar P’s May 26 suicide note exposed the alleged scam

Deal Lieutenant Deal Lieutenant
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The decision has been taken over alleged misappropriation of funds.


What????

lol i can't understand why karanata dont wanna support SBI bank when all over india all govt funds are MOSTLY DONE IN SBI

Bank

This is another cycle of conspiracy lol

note it down note it down

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