363 crore fraud case

Rs 11,363 crore fraud case: Axis Bank says has sold transactions guaranteed by Punjab National Bank

Axis Bank said on Thursday that it had dealt in transactions that had been guaranteed with letters of undertaking from Punjab National Bank, but it had since sold those transactions.

published on : 15th February 2018

ED probing money laundering in Rs 11,363 crore Punjab National Bank fraud case: Source

PNB, the country's second-largest state-run lender with assets of USD120 billion, said in a regulatory filing that the fraud benefited "a few select account holders".

published on : 15th February 2018
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