The bank did not name the people involved but said it had reported the deals to law enforcement agencies
Reuters | Mumbai Last Updated at February 14, 2018 10:08 IST
The bank said in a statement the transactions were “for the benefit of a few select account holders with their apparent connivance” and that “based on these transactions other banks appear to have advanced money to these customers abroad.”
PNB shares fell as much as 5.7 per cent in early trading on Wednesday.
First Published: Wed, February 14 2018. 10:08 IST