₹11.4Kcr fraud hits PNB amid Ni­rav Modi probe

Hindustan Times (Delhi) - - METRO -

PNB has al­ready sus­pended 10 em­ploy­ees. The fraud dates back to 2011, although it isn’t clear how long it lasted or how many guar­an­tees were given.

Any de­lay in ad­dress­ing the is­sue could re­sult in a full-blown war be­tween banks.

A per­son fa­mil­iar with the de­vel­op­ment at PNB said the bank did not see it­self re­spon­si­ble for mak­ing good with other banks af­fected be­cause the guar-

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