PunjabNationalBank(PNB)hasuncoveredmoresuspectedcreditguaranteefraudwithintheMumbaibranchatthecentreofasimilarallegedscamworthover$2billion,accordingtoacomplain
ThePunjabNationalBankhastoldpolicethatithasuncoveredadditionalexposureofabout9.42billionrupees($145.2million)inconnectionwithamassiveallegedfraud,accordingtoaco
TheCentralBureauofInvestigations(CBI)hasmadefourmorearrestsinthe$2billionfraudcaseinvolvingstatelenderPunjabNationalBank(PNB),wideningtheinvestigationofthebigge
PunjabNationalBank(PNB)saidtheamountoffraudulenttransactionsinvolvingthebankcouldgoupbyabout$204millioninadditiontothe$1.77billionithadearlierreported,sendingsh
India’scentralbankhastoldlenderstolinktheirinternalsoftwarewiththeSWIFTinterbankmessagingsystembytheendofApril,andtoalterarangeofotherprotocolswithimmediateeffe