PNB to get â¹5,000 crore recap share amid fraud case: Report
Despite the â¹11,360 crore fraud case, the Punjab National Bank (PNB) will get its allotted recapitalisation share of â¹5,000 crore, according to reports. PNB CEO Sunil Mehta had said the bank was capable of recovering from the fraud. Notably, the fraud amount is nearly one-third of the bank's total market capitalisation of â¹35,365 crore.