*August 16, 2024*In a decisive move, the Karnataka government has announced a 15-day suspension of all transactions with the State Bank of India (SBI) and Punjab National Bank (PNB). The order comes amid allegations that the banks have misused government funds. The state government’s circular aims to provide the banks with adequate time to resolve these issues and address the government’s concerns. Officials stated that this measure is intended to ensure transparency and proper handling of public resources.