PNB employees issued mistaken LoUs
On the dorsum of which unusual branches of a few Indian banks — including Axis as well as Allahabad Bank — gave dollar loans to PNB. These unusual currency loans were used to fund PNB’s Nostro accounts as well as from these accounts funds moved to for certain overseas parties. H5N1 Nostro describe concern human relationship is the describe concern human relationship an Indian banking firm (here, PNB) has alongside an overseas bank.Content source: https://economictimes.indiatimes.com/industry/banking/finance/banking/pnb-fraud-how-the-professionals-pulled-off-the-con/articleshow/62922878.cms
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