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Clear “misrepresentation” of facts to RBI by top officials of PNB: CBI charge sheet

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(G.N.S) DT.15 New Delhi Ahead of disclosing its Q4 FY18 results today, which is predicted to be pretty dismal, Punjab National Bank (PNB) has landed in more trouble with the authorities. According to a CBI charge sheet, the top management at the country’s fourth largest bank not only “misrepresented” the factual position on letters of understanding (LoUs) to the RBI but also ignored the apex bank’s warnings when credit facilities

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