Mumbai, Feb. 19 -- The bank stated in an exchange filing, "A borrowal fraud of Rs 270.57 crore has been reported to RBI in the NPA account of Gupta Power Infrastructure at the Bhubaneshwar branch office (BO), station square, circle office (CO), and zonal office (ZO) in Bhubaneshwar. The bank has already made provisions of Rs 270.57 crore, as per prescribed prudential norms."

Punjab National Bank is engaged in Treasury operations, corporate/wholesale banking, retail banking, digital banking, and others. As on 31 December 2024, the bank has 10,168 domestic branches and 2 international branches. Out of the total number of branches, the bank has 63.3% branches in rural & semi-urban areas.

The public lender's standalone net profit surged 102...