PNB's FY17 fund-based exposure to jewellery sector at 0.6% of loan book

Bank of India, SBI, Canara Bank and IDBI Bank are among those that highest fund-based exposure to the sector as a percentage of total loan book among the other PSU banks

Punjab National Bank (PNB) that has been at the centre of the Rs 114 billion fraud perpetrated by Nirav Modi had a fund and non-fund based exposure (as a percentage of loan book) at 0.6% and 0.1% respectively in FY17, suggests a recent Edelweiss Securities report on the sector co-authored by Kunal Shah and Prakhar Agarwal.

Bank of India (BoI), State Bank of India (SBI), Canara Bank and IDBI Bank are among those that highest fund-based exposure to the sector as a percentage of total loan book among the public sector (PSU) during this period.