ALSO READNirav Modi team had a free run at PNB; CBI quizzes Firestar's Vipul Ambani PNB scam: Will honour bona fide commitments, says bank chief Sunil Mehta How PNB fraud will affect govt's ability to mobilise big money PNB won't breach PCA criteria on capital even in worst case scenario: CEO PNB scam won't affect recap plan, bank can take Rs 114-bn hit: Govt sources
"There have been reports in a section of media that Reserve Bank of India has not conducted any audit at Punjab National Bank Brady House, Mumbai branch since 2009. It may be clarified that RBI does risk based supervision of the bank on annual basis," the bank said through its twitter handle.
Earlier, the fraud amount was said to be Rs 114 billion, but onn Tuesday, the bank had informed the stock exchanges that additional amount of Rs 13 billion had been discovered to be part of the fraud. On Tuesday Firestar Diamond Inc, the US company of Nirav Modi had filed for bankruptcy in a New York court, under chapter 11.