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Exclusive: Indian banks may take more than $3 billion hit from PNB fraud - tax department

Mian Adeel Soomro Sunday, February 18, 2018

NEW DELHI (Reuters) - Indian banks could take a hit of more than $3 billion from loans and corporate guarantees provided to diamond companies at the center of a massive alleged fraud at the state-run Punjab National Bank, the tax department has estimated.

from Reuters: Business News http://ift.tt/2Cs14Uo

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Sunday, February 18, 2018

Exclusive: Indian banks may take more than $3 billion hit from PNB fraud - tax department

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