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PNB Separates Loan Assessment to Control Credit Risk
July 17, 2018
Public sector Punjab National Bank (PNB), which is perhaps going through the worst of times since it was defrauded by jewellery tycoon Nirav Modi in a scam worth over Rs. 14,000 crores, has now taken several steps to lower such risks. It said that it has separated its loan appraisal and credit monitoring system and rolled out many other verticals to reduce risks.
PNB also said that it’s taking stringent action against lax employees and those involved in banking frauds.
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