Punjab National Bank (PNB), India’s second biggest lender, has been through tough times ever since the Nirav Modi fraud was unearthed. The entire ₹14,000-crore problem (related to Nirav Modi scam), we have recognised in the balance sheet as on March 31. This year, in the first two months itself, we have reached recovery of ₹4,560 crore, almost equal to the last year figure. On a conservative side, we have estimated ₹20,000 crore of recovery. How confident are you of recovering the money in the Nirav Modi case?

Source: The Hindu May 31, 2018 17:03 UTC