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Economy

Lapses at many areas led to huge PNB fraud, says internal probe

Updated : June 20, 2018 09:15 AM IST

The bank's CEO Sunil Mehta told Reuters in April he had suspended 21 officials.
No penalty has been imposed on PNB as a result of the fraud and there has been no senior management shake-up.
Under PNB policy, no officer should remain in the same office for more than three years.
Lapses at many areas led to huge PNB fraud, says internal probe
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