Banks may take more than $3 billion hit from PNB fraud: Tax dept http://bit.ly/2ER1WXE - Walletnews For Me

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    Friday, December 28, 2018

    Home Business News: Latest News on Business Financial News India Business & World Business News Stock Markets Banks may take more than $3 billion hit from PNB fraud: Tax dept http://bit.ly/2ER1WXE

    Banks may take more than $3 billion hit from PNB fraud: Tax dept http://bit.ly/2ER1WXE

    As of March 2017, banks had extended loans and guarantees worth Rs 17,632 crore ($2.74 billion) to companies tied to billionaire jeweller Nirav Modi and his uncle Mehul Choksi, the tax department said in a note seen by Reuters.
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