In the midst of all the troubles, PNB has another fraud case to worry about. PNB has just reported a loan of Rs.3689 crore extended to DHFL as a fraud. This fraud has been reported from the corporate branch of Mumbai Zonal Office. However, nearly one-third of this exposure is already provided for by the bank. PNB has not made COVID provisions.

DHFL or Dewan Housing Finance has been under investigation on multiple counts including for getting loans from Yes Bank under different names leading to kickbacks being paid to Rana Kapoor. DHFL is already referred to NCLT for possible debt resolution. DHFL had allegedly siphoned off Rs.31,000 crore out of total bank loans of Rs.97,000 crore.