Nirav Modi impact: Punjab National Bank to close most operations in this Mumbai branch

The Punjab National Bank (PNB) is closing nearly all its operations in a Mumbai branch that was at the heart of a $2 billion fraud, according to four sources with knowledge of the decision.  

Nirav Modi impact: Punjab National Bank to close
PNB is closing nearly all its operations in a Mumbai branch that was at the heart of a $2 billion fraud. Image source: Reuters

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