Tuesday, February 07 2023

February 22, 2018

PNB have enough capital to meet any liability

We have enough assets and capital to meet any liability said PNB.In a regulatory filing, Punjab National Bank added that it has followed all lawful avenues to recover its dues from Nirav Modi and Mehul Choksi.Earlier Nirav Modi saying that by going public, the PNB had closed all options to recover money. PNB had disclosed about the scam on 14th February, also through a regulatory filing.On the delay in informing the stock exchanges about filing the FIR, PNB said the fraud was reported as soon as the preliminary investigation report suggested that the amount involved was to the tune of 11,394 crore rupees.