Punjab National Bank (PNB) has reported borrowal fraud of Rs 2060.14 crore in non-performing account (NPA) of IL&FS Tamil Nadu Power Company at Extra Large Corporate Branch at Delhi to Reserve Bank of India (RBI). The bank has already made provisions amounting to Rs 824.06 crore, as per prescribed prudential norms.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
