THE COLLAPSE OF CREDIBILITY: ANALYSING THE IMPACT OF NIRAV MODI SCAM ON INDIAN BANKING
Abstract This research delves into the impact of the Nirav Modi Scam, on the trustworthiness and stability of the Indian Banking Sector. The scam came to light in 2018 involving transactions around 12,700 Crore through the misuse of Letter of Undertaking (LoUs) issued by Punjab National Bank (PNB). PNB scam is the greatest bank scam …
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