PNB fraud amount of â¹11,360 crore is 8 times its FY17 profit
The fraud amount of â¹11,360 crore detected by PNB on Wednesday at a Mumbai branch is equivalent to 8.5 times the bank's FY17 net profit of â¹1,325 crore. The amount is also 49 times its December quarter profit of â¹230 crore. It is also nearly one-third of the bank's total market capitalisation of â¹35,365 crore.