Punjab National Bank's gross non-performing asset value at the end of fiscal year 2022 amounted to approximately 92.4 trillion Indian rupees. In 2019, Punjab National Bank was at the center of a big money laundering scam involving diamantaire Nirav Modi, who allegedly stripped the bank of over two billion U.S. dollars through malpractices. This is cited as one of the main reasons for the bank's tremendous losses through non-paying assets in the given time duration.
Gross non-performing asset value at Punjab National Bank from financial year 2018 to 2022
(in billion Indian rupees)
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Indian Banks' Association. (June 12, 2023). Gross non-performing asset value at Punjab National Bank from financial year 2018 to 2022 (in billion Indian rupees) [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1064602/india-gross-npa-at-punjab-national-bank/
Indian Banks' Association. "Gross non-performing asset value at Punjab National Bank from financial year 2018 to 2022 (in billion Indian rupees)." Chart. June 12, 2023. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1064602/india-gross-npa-at-punjab-national-bank/
Indian Banks' Association. (2023). Gross non-performing asset value at Punjab National Bank from financial year 2018 to 2022 (in billion Indian rupees). Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1064602/india-gross-npa-at-punjab-national-bank/
Indian Banks' Association. "Gross Non-performing Asset Value at Punjab National Bank from Financial Year 2018 to 2022 (in Billion Indian Rupees)." Statista, Statista Inc., 12 Jun 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1064602/india-gross-npa-at-punjab-national-bank/
Indian Banks' Association, Gross non-performing asset value at Punjab National Bank from financial year 2018 to 2022 (in billion Indian rupees) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1064602/india-gross-npa-at-punjab-national-bank/ (last visited November 13, 2024)
Gross non-performing asset value at Punjab National Bank from financial year 2018 to 2022 (in billion Indian rupees) [Graph], Indian Banks' Association, June 12, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1064602/india-gross-npa-at-punjab-national-bank/
