Bankchefer kan ha vilselett RBI efter miljardbedrägeri

Punjab National Bank (PNB) is an Indian multinational banking and financial services company. It is a state-owned corporation based in New Delhi, India. The bank was founded in 1894. As of 31 March 2017 the bank has over 80 million customers, 6,937 branches, and 10681 ATMs across 764 cities. In February 2018, PNB was part of India’s biggest ever fraud in which two junior officers at a single branch had illegally steered $1.77 billion in fraudulent loans to companies, most of them controlled by billionaire jeweller Nirav Modi. Based on the data available with Reserve Bank of India, among state run banks in India, PNB topped in the number of loan fraud cases across India. With 389 cases totaling Rs 65.62 billion over the last five financial years. PNB has a banking subsidiary in the UK (PNB International Bank, with seven branches in the UK), as well as branches in Hong Kong, Kowloon, Dubai, and Kabul. It has representative offices in Almaty (Kazakhstan), Dubai (United Arab Emirates), Shanghai (China), Oslo (Norway), and Sydney (Australia). In Bhutan it owns 51% of Druk PNB Bank, which has five branches. In Nepal PNB owns 20% of Everest Bank Limited, which has 50 branches. Lastly, PNB owns 84% of JSC (SB) PNB Bank in Kazakhstan, which has four branches.

Indiens centralbank (eng. The Reserve Bank of India (RBI)) är Indiens centralbank, och grundades 1 april 1935. Sedan grundandet har banken sitt huvudkontor i Bombay (Mumbai). Banken var först privatägd, för att sedan 1949 förstatligas och nu helt kontrolleras av Indiens regering. Dess ledning består av styrelsen (central board) under ledningen av direktören (governor), som för närvarande är Dr. Y. Venugopal Reddy, vars föregångare var Dr. Bimal Jalan. RBI har 22 filialer runt om i Indien.