Finance, Forex and Investments

indian nationalised banks in karnataka mis-used the state funds(crores) at their whims & fancies.recovery pl?

indian nationalized banks in karnataka mis-used the state funds in terms of crores of rupees. the bankers paid the state pension amount to selected category pensioners more than the pension rate. this mad finance payment is still going on. expenditure is to state govt.still bankers are not caring about their andha-dundha (blind-expenditure) payments.bankers are not paying at thier cost. but at the cost of karnataka state . can any body curtail this bad payments and recover it from the bankers.? it is public money. bankers are playing with public money. no value for accountant general report. still bankers are drawing pension for deceased persons/double payments/un concerned persons etc., at govt,cost. it is in terms of crores. can any body prevent it?

Public Comments

1. Privatization is the only option!
2. Please come out with specific cases. If this would have been the case our watch dog "Media" should have come out with such a serious matter. But I have not seen such news so far. Please note that Nationalised Banks are only the P.D.As.(Pension Disbursing Agents). The are not the one who decides how much pension to be paid. They disburse pensions of both Central and State Govts. as per the list received by them. Ofcourse if you have some instances you can bring to the notice of Lok Ayukta who can probe enquiry into the matter and book those who are involved in fixing more pension than the actual. The govt. will seriously deal with such cases as they are really serious if it is true. Your contribution to reveal will be taken as a service to the state.