You won't believe what Punjab National Bank has done to get its money back!
In its efforts to recover NPAs, the PNB has also resorted to 'Gandhigiri' wherein its staff hope to 'name and shame' defaulting borrowers to recover up to Rs 150 crore worth bad loans every month. The Delhi-headquartered bank has been at the receiving end of the over Rs 13,000 crore fraud involving diamond merchants Nirav Modi and Mehul Choksi
PNB today invited applications to empanel detective agencies with an aim to "significantly supplement efforts of the field officials in recovering bank's dues in NPA accounts by utilising services of the detective agencies", it said. Image source: PTI