Fraud hit PNB ranked best PSB for digital transactions
New Delhi, Aug 25 : Punjab National Bank (PNB), which was recently hit by a multi billion dollar fraud by manipulation of its financial messaging -- Swift -- system, has been ranked as the best PSU bank in the overall digital transactions category in India.
The bank said in a statement on Saturday: "Based on the recent findings of DFS (Department of Financial Services), PNB is ranked the number 1 PSU bank in digital transactions in India."
A Rs 13,500-crore fraud came to light in January, when it was found that the financial messaging system SWIFT was manipulated. It was used to issue Letters of Undertakings (LoUs) to conduct the fraud.
In the aftermath of the fraud, the bank had to rectify and strengthen its internal controls.
According to the PNB statement, the report card on the banking sector's performance in digital transactions as on July 31, 2018 was prepared by the Ministry of Finance.
As per the DFS' findings, PNB's average percentage of technical declines is only 0.83 per cent of the total transactions. It has been rated as the sixth best in the overall category amongst all banks in India for digital performance.
"The bank is fully committed to 'Digital India' initiative," the statement said.
"The bank is rated as 'Good' by the government with a score of '71' which is the highest category of performance."
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TN youth from UAE has tested negative for Mpox: Health Minister Subramanian
Chennai, Nov 2: A 27-year-old native of Thiruvarur district, who had arrived from Sharjah, has tested negative for monkey pox, Health Minister Ma Subramanian said here on Saturday.
Test results from both the King Institute of Preventive Medicine and Research here and the Pune-based National Institute of Virology have show negative for Mpox virus, the minister said.
Subramanian had earlier in the day told reporters that result was awaited for the sample that had been dispatched to the NIV while test result from King Institute ruled out monkey pox.
On October 31, upon his arrival at Tiruchirappalli airport from the UAE, during screening, the young man displayed fever symptoms and small skin lesions. Hence, he was taken to a government hospital.
Subramanian said the returnee had been frightened and hence left for his hometown of Valangaiman in Thiruvarur district. "This treatment is for his good and in order to prevent the spread of infection," the minister said.
Hence, he was brought back to the hospital by the authorities with police help and he has been receiving good treatment at the state-run facility. Further, Subramanian said that the test result from the government-run King Institute indicated Chickenpox and marked negative for presence of Mpox.
Screening at airports for passengers arriving from foreign countries is going on continuously in the state and international airports have dedicated isolated rooms.
Special wards are ready in government medical college hospitals, including those in Chennai and Tiruchirappalli, to provide treatment for Mpox, in case anyone tests positive for the infection, the minister added.
