Union Bank has $300mn outstanding exposure to PNB fraud case
Union Bank of India on Friday clarified that it has $300 million (around â¹1,920 crore) exposure to the fraud transactions worth $1.77 billion detected by Punjab National Bank recently. The bank, however, said it is "fully confident" to receive the payment. In the light of the revelation, Union Bank stock fell 1.25% on Friday as the markets closed.