Why Banks May Prefer A Loan Fraud Over NPL? Race to Discover Loan Frauds Can Create Policy Paralysis
After the discovery of PNB (Punjab National Bank) loan fraud in mid-Feb, worth Rs114bn (now revised to Rs127bn), there is a spate of bad news...
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HDFC Bank – Granular NPL Data Worries
HDFC Bank Limited (HDFCB IN)Â reports substandard loans at INR57.2 billion in 3Q18. The increase QoQ is substantial at nearly INR5 billion. With...
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Hong Kong Monetary Authority–Blindsided by Indian Banks in HK - Could Increase Regulatory Scrutiny
As far as the Punjab National Bank (PNB IN) PNB is concerned, its financial statements have become unreliable now that allegations surrounding...
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State Bank of India – The Hits Just Keep On Coming
* Two Hits In Two Weeks: State Bank of India’s (SBIN.IN) [SBI] recent results announcement and Punjab National Bank’s (PNB.IN) [PNB] lending fraud...
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PNB Gives Away One-Third of Its Capital
A perfect storm is brewing and Punjab National Bank (PNB IN) is in its eye. Soon after the stock market opened on February 14. 2018, PNB issued a...
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