Punjab National Bank’s Mega-Fraud Leads Sector Away From SMB Finance
PYMNTS
MAY 17, 2018
The fallout from what Reuters reports described as “mega-fraud” at India’s Punjab National Bank (PNB) continues, with small- and medium-sized businesses (SMBs) still struggling to access financing as the financial institution (FI) tightens its grip against risks. The same timeframe last year saw SMB lending grow 5.8
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