Signage for Punjab National Bank is displayed outside a branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

India State Lender Plunges After Uncovering Fresh $554 Million Fraud

(Bloomberg) -- State lender Punjab National Bank paced losses in the Nifty Bank Index on Monday after it disclosed another incident of fraud amounting to 38 billion rupees ($553 million), roughly o...

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