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Chahat Aggrawal

18th Feb 2025 · SEBI-Registered Analyst

Punjab National Bank Reports ₹2.71 Billion Borrowal Fraud to RBI

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PNB
has reported a ₹2.71 billion borrowal fraud to the Reserve Bank of India (RBI). The fraud was detected in the Non-Performing Asset (NPA) account of Gupta Power Infrastructure. PNB has already made provisions covering the full amount to mitigate potential losses.

#FundamentalViews#Pre-OpeningCommentary
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