PNB posts Rs 940-crore loss in Q1

Punjab National Bank (PNB) on Tuesday reported a net loss of Rs 940 crore in the April-June period, its second straight quarterly loss, as it struggles to rebound from a Rs 14,357-crore fraud it had announced in February, involving jewellers Nirav Modi and Mehul Choksi.

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