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Biggest ever loss in PNB Q4 results! How stressed is India’s 2nd largest PSU bank: 5 key points

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Biggest ever loss in PNB Q4 results! How stressed is India’s 2nd largest PSU bank: 5 key points

 

India’s second largest PSU bank PNB (Punjab National Bank) on Tuesday posted biggest ever quarterly loss by any bank in India, largely due to the crater caused by the Rs 13,000-crore fraud allegedly involving billionaire diamantaire Nirav Modi and his uncle Mehul Choksi.

 

-Abhijeet Singh

 

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