Gross non-performing asset value at Punjab National Bank 2016-2019

Punjab National Bank's gross non-performing asset value at the end of fiscal year 2019 amounted to approximately 790 billion Indian rupees. 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.

Gross non-performing asset value at Punjab National Bank between FY 2017 and FY 2019

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Source

Release date

March 2019

Region

India

Survey time period

FY 2017 to FY 2019

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2018 started in April 2017 and ended in March 2018.

One Indian rupee is equal to 0.013 euros and 0.014 U.S. dollars (as of October 2019).

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