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Business
PNB settles ₹43 lakh claims amid alleged ₹12 crore fraud at Greater Noida branch
✍️ Livemint
🗓 30 Oct 2026, 08:03 AM
👁 15
Punjab National Bank has settled claims worth ₹43 lakh following an alleged fraud of ₹12 crore at its Greater Noida branch.
Punjab National Bank (PNB) has settled financial claims amounting to ₹43 lakh in connection with an alleged fraud case at its branch in Greater Noida. The settlement comes amid reports of a larger financial irregularity involving ₹12 crore at the same location.
The incident has drawn attention to internal controls at the branch, with the bank addressing the immediate claims of affected parties. While the total alleged fraud is reported to be significantly higher, the current settlement covers a specific portion of the disputed amount.
The bank's move to settle these claims indicates an effort to resolve the immediate financial discrepancies. Further details regarding the investigation into the remaining alleged fraud amount are expected to emerge as authorities review the case.
The incident has drawn attention to internal controls at the branch, with the bank addressing the immediate claims of affected parties. While the total alleged fraud is reported to be significantly higher, the current settlement covers a specific portion of the disputed amount.
The bank's move to settle these claims indicates an effort to resolve the immediate financial discrepancies. Further details regarding the investigation into the remaining alleged fraud amount are expected to emerge as authorities review the case.