PNB scam: Lapses at many levels of bank led to India’s $2 billion fraud, shows internal report

PNB's own internal probe has found that the $2 billion fraud may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2liEPKF