In the next, PNB to hire detective agencies to locate fraudsters
Megha Jain
Content Head
In a recent development, Punjab National Bank (PNB) has decided to hire detective agencies to locate its untraceable borrowers as the company has to face bad loans which surged to Rs 57,519 crore till December end. The report says the bank is facing over Rs 13,000 crore fraud which also involves diamond merchants Nirav Modi and Mehul Choksi. PNB is considered as the country's second-largest money lender after SBI.
