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

Our Bureau Updated - December 06, 2021 at 12:24 PM.

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.

Published on July 9, 2020 18:56