PNB fraud impact: SBI discloses Rs 1,360 crore exposure

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The country’s largest lender, State Bank of India, said on Friday it has an exposure of $212 million (about Rs 1,360 crore) with respect to letters of undertaking issued by Punjab National Bank to Nirav Modi, but does not have any direct exposure to the absconding jewellery designer.
Read more at Hindustan Times.

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