Thursday 22 February 2018

Scam-hit PNB says it has transferred 1,415 employees since Feb 19

Scam-hit Punjab National Bank says it has transferred 1,415 employees since February 19.
Out of them, 257 are sub-staff, 437 are clerks and 721 employees are officers.
Earlier today, Reuters reported that the bank has initiated new measures where only PNB officers will be able to initiate messages on SWIFT, taking away the authority of clerks to do so.
Several new limits have been placed on the amount that officers can generate depending on their seniority in the bank hierarchy.
Read our full coverage on Nirav Modi scam at PNB

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