PNB Flags ₹2,400 Crore Loan Fraud, Raising Fresh Banking Concerns
Major Financial Irregularity Reported by Punjab National Bank Punjab National Bank (PNB), one of India’s largest public sector lenders, has reported a significant loan fraud amounting to over ₹2,400 crore. The disclosure has once again brought the spotlight onto credit risk management and internal controls within the Indian banking system. According to official communication, the…