PNB failed on all fronts to check NiMo fraud: RBI - Top Trending News, Top Trending Topics, Videos & Popular News

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Wednesday, June 13, 2018

PNB failed on all fronts to check NiMo fraud: RBI

The Reserve Bank of India (RBI) on Tuesday put the blame of the $2-billion Nirav Modi-Mehul Choksi fraud on Punjab National Bank (PNB), including its board, and accused the state-run lender of furnishing “factually incorrect” compliance reports.

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