PNB SCAM: Shining Diamond Trader Took Away PNB’s Shine

Lovejit kaur

PNB, LOU, SCAM, Nostro account, Nirav Modi, Auditor, CBS, SWIFT, Whistleblower

At a time when government is aiming for bank recapitalizations , the PNB scam comes as a huge blow to the entire banking sector . The magnitude of PNB scam is very exorbitant and it has been happening for more than 5 years undetected . This poses serious question into the internal operations and auditing processes. It is high time that all PSBs should review their internal process and take appropriate actions . This paper aims to identify and analyze the factors that led to this massive scam .it also include full analysis of PNB scam how it occurs to what measure we can take to avoid such scams. This paper also summarizes the impact of scam on various banks and economy as a whole.

Published Paper   E-Certificate

"PNB SCAM: Shining Diamond Trader Took Away PNB’s Shine", IJEDR - INTERNATIONAL JOURNAL OF ENGINEERING DEVELOPMENT AND RESEARCH (www.IJEDR.org), ISSN:2321-9939, Vol.8, Issue 1, page no.51-55, January 2020, Available :https://rjwave.org/IJEDR/papers/IJEDR2001010.pdf

Volume 8 Issue 1, January-2020

Pages : 51-55

Paper Reg. ID: IJEDR_191182

Published Paper Id: IJEDR2001010

Research Area: Commerce

Country: ludhiana, punjab, India

Published Paper PDF: https://rjwave.org/IJEDR/papers/IJEDR2001010

Published Paper URL: https://rjwave.org/IJEDR/viewpaperforall?paper=IJEDR2001010

ISSN: 2321-9939 | IMPACT FACTOR: 9.37 Calculated By Google Scholar | ESTD YEAR: 2013

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.37 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJEDR (IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition