Why Has Karnataka Govt Cut Off Ties With SBI & PNB? | Explained

The state of Karnataka has made the decision to ban two major banks State Bank of India (SBI) and Punjab National Bank (PNB) due to allegations of scam.

#sbi #pnb #karnataka

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[sigmas_handle]

Hyper reaction? How stupid is that.

In that case it should also be the other way around? That SBI and PNB should simply cough up the money and return it to the customer.

[anonymousan]

These two banks are the worst bank with respect to public relations .

[deepakgeorge]

No constitutional obligation for Karnataka to go with these banks..🙏

[mohanfna]

The banks should debit their Suspense/Claims account, pay the money & sue the employees & Pvt companies

[vikramkamath]

At 2:35, what kind of comment is that? "A hyper reaction to what is ultimately only 23 crore". Really? Tax payer's money means nothing? If money can be stolen from the state government, imagine what these frauds would do to the common man. There should be a full investigation with the RBI governor immediately getting involved.

[mohankrishna]

Thank God, we don't have any bank accounts with these banks .

If a state government money itself under this condition, I can't imagine what will be the condition if a common man puts his money there.

[munirathnam]

The worst Bank I have experienced is So called biggest bank you know who no one responds everything you have to go in person suffer the queees and give paper requests and if it rains they don’t work or their systems don’t work to get the activation of internet banking they have not done it in two years at a branch and the Palamer branch in AP is one of the worst

[tejasvibangalore]

HYPER - Who the hell is he to say that

[sridharl]

Both SBI and PNB Bank authorities must come out with relevant records publicly, to expose the Karnataka government Corruptive Politicians and Officials.

[subhujaruvatha]

This useless fellow sent and it companies from state, now sending out banks, ,

[prakashth]

Why Sudden interest in Karnataka? Your boss wants to take away business to his state?

[venkateshkumar]

Anyways, these Government deposits don't form the Core Deposits of banks. I know the case of PNB fiasco. I was with PNB for many years as an incumbent so I know this case.

[mohanfna]

Karnataka government should also bam all RBI notes!😅