Wasteful expenditure: CAG pulls up J&K Bank for hiring Broadway hotel for ops

Credit: IndiaTimes- Published on March 29, 2023
The Comptroller and Auditor General (CAG) of India has pulled up the Jammu and Kashmir Bank for incurring a wasteful expenditure of Rs 5.28 crore by hiring hotel Broadway in Srinagar, which was not used at all for its operations.

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Srinagar

Summer capital and largest city of Jammu and Kashmir, a union territory administered by India
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