Putting onus on borrower is bankruptcy law’s biggest plus point: PNB’s Sunil Mehta

It has been a year since Punjab National Bank (PNB) revealed that two jewellery groups had swindled the state-run lender of $2 billion in the country’s biggest banking fraud. After a torrid period which included posting the highest-ever quarterly loss by an Indian bank, PNB swung back to a net ......