Why Banks May Prefer A Loan Fraud Over NPL? Race to Discover Loan Frauds Can Create Policy Paralysis
After the discovery of PNB (Punjab National Bank) loan fraud in mid-Feb, worth Rs114bn (now revised to Rs127bn), there is a spate of bad news...
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Hong Kong Monetary Authority–Blindsided by Indian Banks in HK - Could Increase Regulatory Scrutiny
As far as the Punjab National Bank (PNB IN) PNB is concerned, its financial statements have become unreliable now that allegations surrounding...
235 Views
State Bank of India – The Hits Just Keep On Coming
* Two Hits In Two Weeks: State Bank of India’s (SBIN.IN) [SBI] recent results announcement and Punjab National Bank’s (PNB.IN) [PNB] lending fraud...
192 Views
Zuma Sacked, PNB Hacked and Bank of Baroda South Africa Axed
We estimate that Bank Of Baroda (BOB IN) (“BOB”), which is being recapitalised by the government of India via a preferential allotment of equity...
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India: Is Banking System 'Out of the Woods' on Bad Loans? 3Q Results of PSU Banks Says Not Yet!
PSU Banks continue to report BAD NEWS on NPAsJust when there were hopes that finally, things may be getting better for Indian Banking System on...
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