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Which of the following banks has been ra...

Which of the following banks has been ranked as the best PSU bank in the overall digital trasaction's categoy in India?

A

Bank of india

B

State Bank of India

C

Union Bank of India

D

Punjab National Bank

Text Solution

Verified by Experts

The correct Answer is:
D

Punjab National Bank (PNB) has been ranked ai the best PSU bank in the overall digital trarmaciioni ealegoryin India. A Rs 13,500-crore fraud came to light in January, when it was found that the financial messaging system SWIFT was manipulated. It was used to Issue Letters of Undertakings (LoUs) to conductIhc fraud.
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