 "Punjab National Bank, pnb")
The fraud at Punjab National Bank (PNB) is creating ripple effects in the gems and jewellery sector and could lead to tighter regulations.
Sources said the rising stress in the industry would mean a few more casualties in the next few quarters. Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks, according to industry sources.
Jewellery companies are worried that banks will look closely at new and old loans and remove inefficiencies.
Sources said the rising stress in the industry would mean a few more casualties in the next few quarters. Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks, according to industry sources.
Jewellery companies are worried that banks will look closely at new and old loans and remove inefficiencies.
