After Karnataka halted transactions with SBI and PNB over alleged embezzlement of funds, both banks sought an amicable resolution. State and bank officials confirmed ongoing discussions, with a meeting scheduled in Bengaluru. SBI and PNB issued statements acknowledging the issue was still sub judice but expressed commitment to resolving the matter with the state government.
SBI, PNB seek ‘amicable’ deal with Karnataka after funds row
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