Thursday, February 15, 2018

PNB Fraud : Is it Rs 11,000 Cr or Rs 25,000 Cr

Image result for pnb fraud cases

The fraud amount is not just Rs 11,400 Cr. Add this - PNB has direct exposure to Nirav Modi group amounting to Rs 1800 Cr plus exposure to Gitanjali group, the amount may exceed Rs 15 000 Cr. Plus reputation loss for PNB which is invaluable. Market cap loss of Rs 10,000 Cr . All put together Rs 25,000 Cr.

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