NEW DELHI: State-owned Punjab National Bank (PNB) has witnessed losses to the tune of Rs 14,500 crore due to fraud so far in this fiscal, Parliament was informed this week.
“PNB has apprised that the total loss reported by it due to frauds was Rs 341.03 crore in the financial year (FY) 2015-16, Rs 2,633.82 crore in FY 2016-17, and Rs 14,506.39 crore (including contingent liability) in FY 2017-18 (till date),” Minister of State for Finance Shiv Pratap Shukla said in a written reply to the Rajya Sabha on March 2o.
With regard to scam related to diamond trade, he said, PNB has submitted reports on fraud related to diamond traders to the Reserve Bank of India (RBI) through its Fraud Monitoring Reporting System.
“The total amount involved is reported as Rs 13,923.14 crore, which includes a report dated February 22, 2018 on additional amount involved of Rs 1,251.96 crore,” he said in the reply made available today. (AGENCIES)
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