PNB 4 days away from becoming the first Indian bank to get defaulter tag

Updated: March 27, 2018 15:54 pm

As a fallout of the PNB fraud case involving Nirav Modi and Mehul Choksi, the bank is burdened with more than Rs 1000 crore debt to Union Bank of India. In case the bank fails to pay the amount by March 31, UBI could tag PNB as a defaulter.