PNB reports over ₹3800 crore fraud by Bhushan Power & Steel

- The exposure of ₹3,800 crore includes domestic exposure of ₹3,191 crore, overseas exposure of $49.71 million at the bank's Dubai branch and $38.51 million at its Hong Kong branch
- PNB said the company misappropriated bank funds and manipulated books to raise funds from consortium lenders