Punjab National Bank
Share Department, Finance Division, HO Plot No. 4
Sector 10, Dwarka, New Delhi-110075
Tel Nos : 011-28044866 E-mail : hosd@pnb.co.in
| Script Code : PNB | Script Code : 532461 |
| The Asst. Vice President
National Stock Exchange of India Limited “Exchange Plaza”, Bandra— Kurla Complex, Bandra €, Mumbai —400051 |
The Dy. General Manager
Bombay Stock Exchange Limited 1st Floor, Phiroze Jeejeebhoy Towers Dalai Street, Mumbai — 400 001 |
Date: 13.03.2018
Dear Sir(s),
Reg PNB clarification Rs. 942 cr not new fraud but recall of credit limits: Geetanjali Group
The amount of Rs. 942 cr were the regular limits sanctioned to Geetanjali Group under consortium lending, and were standard credit exposure at the time of detection of the fraud. Now, this exposure is being added to the existing fraudulent amount. This amount has nothing to do with any new fraudulent LoUs/LoCs.
Thanking you,
Yours faithfully,
(Balbir Singh)
Company Secretary
