Money & Banking

Punjab National Bank reports its ₹3,688 crore exposure to DHFL as fraud

Our Bureau New Delhi | Updated on July 10, 2020 Published on July 10, 2020

The state-owned Punjab National Bank on Thursday reported a fraud of ₹3,688.58 crore in NPA account of Dewan Housing Finance Ltd at Large Corporate Branch of Mumbai, Zonal office.

"A fraud of ₹ 3,688.58 crore is being reported by the bank to RBI in the accounts of DHFL," PNB said in a stock exchange filing.

The bank has already made provisions amounting to ₹ 1,246.58 crore as per prescribed prudential norms, it added.

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Published on July 10, 2020
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