PNB scam: Bank denies reports that it transferred 18,000 staff

Punjab National Bank (PNB) today denied media reports that claimed that the bank has transferred close to 18,000 employees due to the ongoing probe in Rs 11,400-crore Nirav Modi scam, according to a report.  

The bank also clarified that it had transferred a total of 1,415 employees since February 19. 

“There have been reports appearing in the media that the Bank has transferred close to 18,000 employees, the same is factually incorrect,” the bank said in a press statement. “The bank has transferred 257 Sub Staff, 437 Clerks and 721 Officers (Total 1415 employees) since 19th February 2018, as per prevailing Rotational Transfer Policy of the Bank,” the bank statement said. 

The bank also claimed that these transfers have not impacted the smooth functioning at the branches, according to an ET report. 

“The working in the branches is going on smoothly and the above transfers are in no way affecting the customer service in the Bank,” it said.