PNB Clarifies Over 1,415 Employees Transferred,Says No Link with Nirav Modi Case There were reports in social media and other platforms that PNB has capped the withdrawal limit for a customer at Rs 3000, making customers nervous. "It is absolutely incorrect, no such limit has been fixed by the bank and normal banking activities are going on as usual. No Restriction on withdrawal has been imposed by the bank. There are reports in the media that RBI/Govt. has asked the bank to make payment of the fraudulent amount to other banks. The report is totally incorrect and Bank confirms not having received any such instructions. There are reports in the media that Indian cricket captain Virat Kohli, who is the banks brand ambassador, might terminate his contract. "The same is totally false and incorrect. Mr. Kohli is our brand ambassador. There are media reports that bank has engaged PWC to conduct an investigate into the alleged fraud. The news is totally incorrect.

PNB Clarifies Over 1,415 Employees Transferred,Says No Link with Nirav Modi Case

There are media reports that the bank has recently transferred 1415 employees (257 sub staff, 437 clerks and 721 officers). Bank has confirmed that work in the branches is going on smoothly and above transfers is no way affect the customer service in the bank and termed it a routine exercise and is not related to the fraud. The bank maintained it would honor all bonafide commitments while said there was no communication from Reserve Bank of India on this issue. "The bank has the capacity and capability to handle the situation and protect the interest of the institution, customers and stakeholders," it said in a press statement. It said that steps have been taken for protecting the financial interest of all the lenders/stakeholders including issuance of advisory to lenders involved. You May Also Like:

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