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Bankers discuss recovery, banks want PNB to pay up

Bankers discuss recovery, banks want PNB to pay up

MUMBAI: Banks, which have an exposure in the Rs 11,400-crore fraud at Punjab National Bank, are insisting that the latter should pay up as the letters of undertaking (LoUs) were issued by PNB to Nirav Modi and Mehul Choksi companies. The Indian Banks Association (IBA), which met here Saturday, discussed the PNB issue and the […]