Bank of India has â¹200 crore exposure in PNB fraud: CEO
The Bank of India has an exposure of â¹200 crore in the â¹13,900-crore PNB fraud case, the bank's CEO Dinabandhu Mohapatra has said. The state-owned bank has initiated insolvency proceedings against Nirav Modi firms, he added. The government has also intervened in the bankruptcy proceedings of Nirav Modi's US firms to protect the interests of PNB.