India Ratings, Moody#39;s downgrade Punjab National Bank on Rs 13,400-crore loss after massive fraud

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India Ratings, Moody#39;s downgrade Punjab National Bank on Rs 13,400-crore loss after massive fraud Higher-than-expected deterioration in profitability in the short term, along with inability to shore up adequate capital, could further strain the standalone profile and attract a negative rating action

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