PNB clarification :

Rs 942 cr not new fraud but recall of credit limits

The amount of Rs 942 crore were the regular limits sanctioned to Geetanjali Group under consortium lending.....

A snapshot

The amount of Rs 942 crore were the regular limits sanctioned to Geetanjali Group under consortium lending, and were standard credit exposure at the time of detection of the fraud. Now, this exposure is being added to the existing fraudulent amount. This amount has nothing to do with any new fraudulent LoUs/LoCs, according to a bank's statement.

The regular limits

  • the regular limits sanctioned to Geetanjali Group

  • and were standard credit exposure

  • Now, this exposure is being

  • This amount

  • amount has nothing to do with

  • Not New Fraud