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Detectives wanted: A fraud-hit Indian bank’s desperate measure to recover loans

Nupur Anand
Detectives wanted: A fraud-hit Indian bank’s desperate measure to recover loans

The Punjab National Bank (PNB), which in February 2018 reported the biggest fraud in Indian banking history, is now seeking private detectives to help trace defaulting borrowers and their assets. “The policy aims to significantly supplement efforts of the field officials in recovering bank’s dues in NPA (non-performing asset) accounts by utilising services of the…