Top management of PNB to get mobile handset allowance of Rs 2 lakh per year

State-owned Punjab National Bank (PNB) has decided to give its top management an annual allowance of Rs 2 lakh to buy mobile handsets.

As per the revised Staff Welfare Benefits norms, top management of the bank — Managing Director (MD) and executive directors — would be entitled for Rs 2 lakh for buying mobile handset, sources said.

Cost of mobile does not include Goods and Services Tax (GST). At present, the GST rate on mobile phones is 18 per cent.

The revised norms are applicable from April 1, 2022 as per the decision of the board of the bank, sources said.

A mail sent to PNB for comments did not elicit any response.