Posted inIndia, South Asia

Should PNB, India’s second largest govt bank, be in banking business?

Punjab National Bank (PNB), India’s second-largest government-owned bank, recently declared a loss of 134.2 billion rupees (US$1.97 billion) for the period January to March 2018. This is the largest loss ever declared by an Indian bank. It in essence shows that the sordid story of increasing bad loans of Indian banks continues. Bad loans are […]

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