PNB Staff sitting in branches till 10pm, Employees depositing their own money in PNPA Accounts
Shri Krishna Kumar, General Secretary of the All India Punjab National Bank Officers’ Federation (AIPNBOF), has raised concerns over the way branch day-end operations are being handled at Punjab National Bank (PNB).
In a post shared on Facebook, Krishna Kumar claimed that a message was circulated around 10:30 PM asking Circle Offices to inform the Head Office within 10 minutes if any branch (SOL) needed to be excluded before the day-end process was executed.
According to him, this indicated that the day-end process of some branches had been kept on hold for various reasons, mainly to improve Potential Non-Performing Asset (PNPA) figures.
Krishna Kumar alleged that in some cases, bank employees deposited their own money into PNPA accounts to prevent them from slipping into the NPA category. He further claimed that even some Circle Office officials had done the same in certain cases. He said such practices should be avoided.
He also cited an example from the Haridwar Circle, where a borrower reportedly told the Circle Office Credit Risk Management Department that he did not have enough money to clear the loan dues, but the day-end check was still not removed.
In another case from the Bulandshahr Circle, he alleged that a branch official was told to ensure that the branch came out of the MSME PCD list, otherwise the day-end check would not be removed.
Krishna Kumar described such actions as “coercive banking” and warned that while these methods may provide short-term improvements in financial figures, they could harm the bank in the long run.
He urged bank employees not to engage in unethical practices, even if they had to stay overnight at the branch.
PNB has not issued any official statement on these allegations so far.
