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Tag: corporate lending

  • PNB fraud should not halt corporate lending: Assocham

    PNB fraud should not halt corporate lending: Assocham

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    New Delhi : The alleged Rs 11,300 crore fraud on state-run Punjab National Bank (PNB) committed by accused diamantaire Nirav Modi should not halt the entire system of corporate lending as demoralisation would set in among public sector bank (PSB) employees, industry body Assocham said on Sunday. The country can “ill-afford” such fraud induced credit…