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Rs 130-bn fraud hasn't impacted our ability to lend: PNB MD & CEO

Sunil Mehta says tough times gives one opportunity to transform the bank

Nirav Modi Scam At Pnb

Somesh Jha & Indivjal Dhasmana  |  New Delhi 

Punjab National Bank is confident of recovering from the losses of Rs 130 billion scam related to Nirav Modi and Mehul Choksi group of companies, especially with some relaxations provided by the Reserve Bank of India (RBI).

Listing out steps that will help the bank get back to its old position, PNB's MD and CEO Sunil Mehta tells Somesh Jha and Indivjal Dhasmana that it will soon file a recovery suit to seal assets of the firms involved in the fraud. Edited excerpts: What makes you confident that PNB will make a recovery in six months? There are a lot of underlining ...

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First Published: Fri, April 06 2018. 00:42 IST