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PNB Scam Forces Banks to Seek Higher Insurance Cover for Employee Frauds
March 01, 2018
While the massive PNB scam is still making waves across the nation and far from being resolved, banks have already started bolstering their defenses with stronger insurance covers, lest they are compromised in the future.
JLT Independent Brokers director Amit Agarwal said that they have received queries from multiple banking clients regarding insurance covers that can protect them from risks related to employees. Similarly, a major private insurance company is currently in talks with some banks that want to increase the size of their indemnity policies.
