Banking crises: An Indian history8 min read 24 Feb 2018, 11:21 PM IST
There's nothing new about the PNB fraud and the crisis Indian banking faces today
The Punjab National Bank (PNB) scam has, at least momentarily, shocked the nation. Some headlines suggest this is the biggest banking fraud since Independence. Just a few days earlier, Bank of Baroda was in the news, but far less prominently, for very similar fraudulent activity in South Africa.
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