PNB shares down over 3% after internal report blames procedural lapses for Nirav Modi fraud

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Shares of PNB fell by over 3% on Thursday after an internal enquiry by the scam-hit firm found that the Rs 14,000-crore fraud perpetrated by Nirav Modi took place with the help of some officials of the bank’s Brady House branch in Mumbai and also due to procedural lapses.
Read more at Hindustan Times.

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