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Despite Rs 130-bn scam, PNB 's domestic business crosses Rs 10 trn in FY18

PNB's domestic deposits grew 6.2% to Rs 6 trillion in 2017-18

PNB, Punjab National Bank
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People stand in front of the logo of Punjab National Bank outside a branch of the bank in New Delhi | Photo: Reuters

Somesh Jha New Delhi
Punjab National Bank’s (PNB) domestic business turnover crossed Rs 10 trillion for the first time ever in 2017-18, registering a 7.9 per cent increase over the previous year.
 
The Delhi-based bank’s Managing Director and Chief Executive Officer Sunil Mehta on Monday in a letter to employees said that the bank continued to do strong business in 2017-18, even when it was hit by a Rs 130-billion scam.
 
“It gives me immense pleasure in sharing with you that while the global business of the bank hovers around Rs 11 trillion, the domestic business of the bank has reached new