Reported by Himanshu Shekhar Mishra
, Edited by Subrat Nanda
| Wednesday February 21, 2018, New Delhi
The 11,300 crore fraud in Punjab National bank (PNB), involving celebrity designer Nirav Modi, may have jolted the banking system, but the rot runs deep. PNB, the second biggest public sector bank in India, reported 471 cases of fraud between 2014-15 and 2016-17, according to the central government.