PNB, Hit By Massive Fraud, Warned Banks About How The Scam Worked | Read
Before suspending 10 of its officials for giant fraud linked to celebrity jeweller Nirav Modi, Punjab National Bank (PNB) sent a caution notice to several banks explaining how it was swindled out of Rs. 11,000 crore by its own officials. The notice was sent to banks like State Bank, ICICI, Standard Chartered, Allahabad bank, Bank of Baroda, Bank of India, Dena Bank, IDBI Bank, lndian Overseas Bank, Oriental bank of Commerce, Syndicate Bank, UCO bank, Exim bank and Canara Bank.
