India state lender's shares plunge after uncovering fresh $753 million fraud

India state lender's shares plunge after uncovering fresh $753 million fraud


July 08, 2019 8:49 PMNEW DELHI (BLOOMBERG) – State lender Punjab National Bank paced losses in the Nifty Bank Index on Monday (July 8) after it disclosed another incident of fraud amounting to 38 billion rupees (S$753.52 million), roughly one year after it suffered through the country’s costliest banking scandal.
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Author: straitstimes.com
Post date: 2019-07-08 15:00:56
Category: Asia
Tag: 2019
Post ID: 7970

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