Indian skipper Virat Kohli is a brand ambassador of Punjab National Bank (PNB). After PNB suffered an 11,000 crore scam that was masterminded by diamond businessman Nirav Modi and his uncle Mehul Choksi, the news spread that Kohli is going to discontinue his endorsement with the bank. But, now PNB claimed that the news was totally false as Kohli is staying as a brand ambassador of the bank.

Recently PNB clarified the news through a public notice where they claimed, “There are reports in the media that Virat Kohli, Bank’s brand ambassador is going to discontinue his endorsement with Punjab National Bank. The same is again totally false and incorrect. Virat Kohli is our brand ambassador.”

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The notice had also added, “There are media reports that the bank has engaged PricewaterhouseCoopers (PwC) to conduct an investigation into the alleged fraud and PwC has been asked to gather evidence that can be used against Nirav Modi and his associates in the court. The news is totally incorrect.”

PNB also denied the rumours about restricting customer cash withdrawal limit to INR 3,000. In their public notice, PNB clarified, “There are reports in social media/other platforms that the withdrawal limit for a customer from the bank has been capped at ₹ 3000. It is absolutely incorrect; no such limit has been fixed by the bank and normal banking activities are going as usual. No restrictions on the withdrawals have been imposed by the bank.”

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There were also some reports that the Reserve Bank of India (RBI) and the government have asked the bank to pay the fraudulent amount to other banks. Like the other news, PNB also denied this news by quoting on their notice, “There are reports in the media that RBI/Govt. has asked the bank to make payment of the fraudulent amount to other banks. The report is totally incorrect and the bank confirms not having received any such instructions.”