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Seven recent banking frauds that have rocked India

From the Nirav Modi-Punjab National Bank ruckus to the PMC Bank crisis, a look at the status and impact of the major banking scandals

By Salil Panchal, Pooja Sarkar,

Published: Oct 7, 2019 12:38:47 PM IST

Updated: Oct 7, 2019 01:13:01 PM IST

Illustration: Chaitanya Dinesh Surpur

There have been several banking frauds in the last two years and NPAs continue to be a pain point even as the economy faces a slowdown. Here are some major scandals:

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(This story appears in the 25 October, 2019 issue of Forbes India. To visit our Archives, click here.)

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Nirav Modi Punjab National Bank PMC Bank crisis Banking scandals Banking frauds Gitanjali Group IL&FS IDBI Bank Laxmi Vilas Bank NPA

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  Garden.Fern

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