No plans to close operations at fraud-hit Mumbai branch: PNB
State-owned Punjab National Bank has clarified that it has no plans to close operations at its fraud-hit Brady House branch in Mumbai. Retail operations for PNB customers continue to operate from the branch, an official said. The branch had fraudulently issued Letters of Undertaking (LoUs) to companies belonging to Nirav Modi and Mehul Choksi for about seven years.