PNB reports over Rs 3,805 crore fraud by Bhushan Power & Steel Ltd

July 08, 2019 |
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Banking
PNB reports over Rs 3,805 crore fraud by Bhushan Power & Steel Ltd

MUMBAI: State-run lender Punjab National Bank on Saturday declared loan exposure of Rs 3805 crore to bankrupt Bhushan Power and Steel as fraudulent. In a notice to exchanges PNB said it had reported the fraud to the Reserve Bank of India on the basis of forensic audit findings. 

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