Business Standard

PNB scam: Govt is watching every move investigative agencies are taking

The RBI expects the assessment to show if the systemic failure was only in PNB or in the overall banking universe

pnb, punjab national bank
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Nivedita Mookerji New Delhi
The government was at work on Sunday, watching every move the investigative agencies were taking in the Punjab National Bank scam. 

Top officials of key economic ministries, Reserve Bank of India and Punjab National Bank, besides some other banks, have been on an alert 24X7 ever since the scam broke a few days ago, and the holiday was the last thing on anybody’s mind on Sunday. 

“The government is very serious about the matter and is in a hurry to get to the bottom of it all,” a source told Business Standard.

As to why Prime Minister Narendra Modi or,

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