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A year after India's biggest bank fraud, PNB on road for annual profit

Updated : February 18, 2019 01:13 PM IST

State-run PNB has already surprised markets with an earlier-than-expected profit for the quarter ended Dec. 31 as it completed setting aside funds to cover for the scam and its bad loan levels eased.
The bank is expected to clock a net profit of Rs 2,266 crore for the year ending March 2020, which would be its highest annual profit in five years.
A year after India's biggest bank fraud, PNB on road for annual profit

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