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India police widens probe into $1.8 billion bank fraud

People stand in front of the logo of Punjab National Bank outside a branch of the bank in New Delhi, India February 15, 2018. REUTERS/Adnan Abidi NEW DELHI/MUMBAI (Reuters) – Indian investigators raided the offices of jewelry retailer Gitanjali on Friday in a ... More »

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India’s fraud-hit PNB looking to monetize assets: source

NEW DELHI (Reuters) – India’s fraud-hit Punjab National Bank (PNBK.NS) is considering monetizing its real estate assets, including a giant office space in New Delhi worth an estimated 50 billion rupees ($778.63 million), a bank source with direct knowledge of ... More »