Karnataka govt orders closure of accounts with SBI, PNB over non-refund of deposits
PTI, Aug 14, 2024, 8:43 PM IST
Bengaluru: The Karnataka government has ordered all its departments, boards, corporations, public sector units and universities to withdraw all their deposits and investments in the State Bank of India and the Punjab National Bank and stop transacting any business with these institutions.
The order came after the denial to redeem Rs 12 crore deposited by the Karnataka Industrial Area Development Board (KIADB) following a scam involving bank employees.
A state government circular on August 12 said the meeting with the bank officials did not yield any result and the matter is now sub judice.
Similarly, Rs 10 crore deposited by the Karnataka State Pollution Control Board (KSPCB) was not returned by the bank owing to a scam by the bank officials, the circular said.
The finance secretary P C Jaffer (budget and resource) said in the circular that the Auditor General too had objected to it.
“In this background, it is informed through this circular that the state government’s departments, public sector units, corporations, boards, local bodies and universities and other institutions should withdraw all the deposits/investments made in all the branches of the State Bank of India and the Punjab National Bank and no deposits/investments should be made in future,” the circular read.
The government also directed the government institutions to close their accounts in these two banks and submit the certified closer report and send details of deposits and investment reports in the prescribed format to the finance department by September 20, 2024.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Udayavani.com “Nammane Krishna”: Broadcast of 5th Prize-Winning Reel
No misrepresentation of Daiva in Kaljiga: Director urges viewers to watch before judging
A lot to learn from US poll process, election rallies: Karnataka Deputy CM Shivakumar
Siddaramaiah greets PM Modi on his 74th birthday
‘Swallowing’ criticism to achieve goal of bringing BJP to power in Karnataka: Vijayendra
MUST WATCH
Latest Additions
Udayavani.com “Nammane Krishna”: Broadcast of 5th Prize-Winning Reel
Pitch perfect: India, Bangladesh intensify training ahead of first Test, mull combination
Class 11 student on way to coaching centre raped in UP’s Barabanki, accused held
SC halts ‘bulldozer justice’ till Oct 1, says illegal demolition against ethos of Constitution
Haryana: BJP aims for hat-trick; anti-incumbency, resurgent Cong pose challenges
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.