Everyone seems to be wondering how Gokulnath Shetty, who was considered a “forex specialist” by his employers, retired as just a deputy manager, which is quite low down the overall hierarchy. The ostensible reason for the slow growth in his career path is that Shetty “took” only one promotion in his 36-year-long career at Punjab National Bank (PNB). Many are also surprised that one of the main accused in the Rs 114-billion PNB fraud case managed to stay in the Fort, Mumbai, branch for seven years in the same position doing the same job. It has also come to light
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