Government, LIC Lose Over $10 Billion In State-Owned Bank Rout
A financial trader reacts as he monitors data on computer screens. (Photographer: Martin Leissl/Bloomberg)

Government, LIC Lose Over $10 Billion In State-Owned Bank Rout

The fraud at the Punjab National Bank has wiped out more than $10 billion from the value of the government and the Life Insurance Corporation of India's holding in state-owned lenders.
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