Punjab National Bank Reports Fraud Of Rs 2,000 Crore In IL&FS TN Power Co. Ltd. Account

PNB: The exact value of the scam is Rs 2,060.14 crore.

New Delhi: Punjab National Bank (PNB) has reported a fraud of Rs 2,000 crore in the NPA account of IL&FS Tamil Nadu Power Co. Ltd. According to a report by Mint, the bank has reported the fraud to RBI. The exact value of the fraud is Rs 2060.14 crore.

As per the report, the bank has already made provisions of Rs 824.06 crore.

More details to follow..