PNB Scam quantum can increase by Rs. 1300 more
The Punjab National Bank has reported to the Stock Exchanges that the quantum of reported unauthorized transactions can increase by USD 204. 25 Mio (approx).
The above price sensitive information was submitted in terms of regulation 30 of SEBI (LODR) Regulations 2015.
Also, with reference to recent news item appearing in CNBC TV18 titled “Govt may ask PNB to pay for Fraud Liabilities” , the bank has stated that it has not received any such communication from Government. The bannk has further informed that it is having enough Capital/ Assets to pay for such liability in case of eventuality in accordance of law.
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