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PNB fraud: What is it, how it happened, and will it snowball?

PNB fraud: What is it, how it happened, and will it snowball?

Fri, Feb 16, 2018

Banks (especially PSU banks) have been grappling with structural asset quality issues, but over last few days risks have got exacerbated following fraud reported by Punjab National Bank (PNB) pertaining to Letter of Undertaking (LoUs) issued in favour of three diamond companies run by Mr.

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