Jan Man: PNB Fraud affects other lenders, the shares plunges to 10 per cent on the BSE

Jan Man: PNB Fraud affects other lenders, the shares plunges to 10 per cent on the BSE.In a filing to the stock exchanges, PNB briefed about the fraud saying that it was “for the benefit of a few select account holders with their apparent connivance”. “Based on these transactions other banks appear to have advanced money to these customers abroad.
The case poses further questions about the health of India’s banks, which are already grappling with one of the worst bad-loan ratios among big economies.

For latest breaking news, other top stories log on to: http://www.abplive.in  & https://www.youtube.com/c/abpnewshttp://www.abplive.in/live-tv