PNB Shares Fall After Internal Probe Finds Widespread Lapses

A 162-page internal report, produced by Punjab National Bank (PNB) officials tasked with probing the fraud, lays bare lapses that go far beyond a few branch officers. The report, a copy of which was reviewed by Reuters, lays out how failings by 54 PNB officials - ranging from clerks to foreign exchange managers, and auditors to heads of regional offices, allowed the fraud to be perpetrated. Eight of the 54 are among those who have be...