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PNB to close the fraud-hit Mumbai branch

PNB to close the fraud-hit Mumbai branch

PNB is closing all operations at their fraud-hit Mumbai branch. Since the fraud came into light, the bank has lost half of its market value and reputation and the particular Mumbai branch was at the heart of it. The bank is moving accounts to the nearest branches and to reduce similar risks at future, the bank is going to downsize some other branches too. The bank employees were informed early this week about the decision.

read more at NDTV

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