Tag: Banking frauds

PNB says detects 38 billion rupee fraud

MUMBAI – The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power & Steel Ltd’s account to the Reserve Bank of India (RBI). The fraud, “alleging diversion of funds from the banking system” was […]

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