State run banks are instructed to examine any loans above Rs 50 crore

The finance ministry has instructed the public-sector banks to investigate all bad loans above Rs 50 crore for any possible fraud, in the wake of PNB fraud. To prepare to combat the rising issues of technological risks and operational challenges ministry has given the state-run banks 15 days, while a group of executive directors will prepare the blueprint to stop the bad loans and frauds.