
Gross NPA value Punjab National Bank FY 2018-2021
Punjab National Bank's gross non-performing asset value at the end of fiscal year 2021 amounted to approximately 1.04 trillion Indian rupees. In 2019, Punjab National Bank was at the center of a big money laundering scam involving diamantaire Nirav Modi, who allegedly stripped the bank of over two billion U.S. dollars through malpractices. This is cited as one of the main reasons for the bank's tremendous losses through non-paying assets in the given time duration.