There were many learnings from fraud: PNB chairman
PNB's Non-Executive Chairman Sunil Mehta said there "were many learnings" from the $2.1-billion fraud by jewellers Nirav Modi and Mehul Choksi. "Entire back-end was looked at to see what needs to be done so that the back-end becomes much stronger," he added. He said that PNB has now strengthened its internal control processes and is prepared to pursue growth opportunities.