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Friday, December 28, 2018

Banks may take more than $3 billion hit from PNB fraud: Tax dept

As of March 2017, banks had extended loans and guarantees worth Rs 17,632 crore ($2.74 billion) to companies tied to billionaire jeweller Nirav Modi and his uncle Mehul Choksi, the tax department said in a note seen by Reuters.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News


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