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Business
PNB Suspends 12 Staff, Files CBI Case Over ₹10 Crore Fraud Allegations
✍️ The Economic Times
🗓 29 Oct 2026, 11:38 PM
👁 3
Punjab National Bank has suspended 12 employees and filed a case with the CBI regarding an alleged financial fraud of ₹10 crore.
Punjab National Bank (PNB) has taken disciplinary action against 12 of its employees following allegations of internal financial irregularities. The bank has suspended the staff members pending an investigation into the matter.
According to the report, the alleged fraud involves a sum of ₹10 crore. PNB has formally filed a case with the Central Bureau of Investigation (CBI) to probe the extent of the wrongdoing and identify all responsible parties.
The bank stated that the suspension is a precautionary measure to ensure the integrity of the ongoing investigation. No further details regarding the specific branch or the modus operandi of the fraud were disclosed in the initial announcement.
According to the report, the alleged fraud involves a sum of ₹10 crore. PNB has formally filed a case with the Central Bureau of Investigation (CBI) to probe the extent of the wrongdoing and identify all responsible parties.
The bank stated that the suspension is a precautionary measure to ensure the integrity of the ongoing investigation. No further details regarding the specific branch or the modus operandi of the fraud were disclosed in the initial announcement.