Karnataka News: The Siddaramaiah government of Karnataka state has taken a big decision regarding two big government banks of the country. The Karnataka government has ordered all its government departments to stop all their transactions from Punjab National Bank (PNB) and State Bank of India (SBI) accounts.
Karnataka News: Karnataka State’s Siddaramaiah Government has taken a big decision regarding the country’s two big government banks. The Karnataka Government has ordered all its government departments to stop all their transactions from Punjab National Bank (PNB) and State Bank of India (SBI) accounts. After this decision of the government, all government departments will have to withdraw the money deposited in PNB and RBI. All types of deposits and FDs will have to be withdrawn and their accounts will have to be closed.
Order given by Karnataka Government
This order of the Karnataka Government has been given by the Secretary of the State Finance Department, Jafar. According to the order, do not put your money in both SBI and PNB banks and there should not be any kind of transaction from both the banks. The state government has proposed to withdraw all the money kept in SBI and Punjab National Bank due to two cases of fraud by not returning the FD. A circular has been issued by the government to the Finance Department to all the departments not to keep any kind of deposit in these two banks in future.
Why did the government take this step
The government has taken this decision in view of the PAC’s recommendation in relation to the recent Valmiki Vikas Nigam scam and two separate cases of 2011 and 2013. As per the instructions of CM Siddaramaiah, Finance Department (Budget and Resources) Secretary Dr. PC Jaffer has issued an order asking to close all FD accounts kept in these banks by September 9.
