Pedestrians walk past a Punjab National Bank (PNB) branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

PNB Fraud: Trade Finance Hit; As Caution Prevails, Premium Soars 

The Rs 12,700-crore Nirav Modi fraud at Punjab National Bank has affected trade finance activities as lenders have become extra cautious, while the premium on Indian paper has shot up by 10-50 basi...

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