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Paper Title
PNB SCAM: Shining Diamond Trader Took Away PNB’s Shine
  Lovejit kaur

At a time when government is aiming for bank recapitalizations , the PNB scam comes as a huge blow to the entire banking sector . The magnitude of PNB scam is very exorbitant and it has been happening for more than 5 years undetected . This poses serious question into the internal operations and auditing processes. It is high time that all PSBs should review their internal process and take appropriate actions . This paper aims to identify and analyze the factors that led to this massive scam .it also include full analysis of PNB scam how it occurs to what measure we can take to avoid such scams. This paper also summarizes the impact of scam on various banks and economy as a whole.

Keywords- PNB, LOU, SCAM, Nostro account, Nirav Modi, Auditor, CBS, SWIFT, Whistleblower
Publication Details
Unique Identification Number - IJEDR2001010
Page Number(s) - 51-55
Pubished in - Volume 8 | Issue 1 | January 2020
DOI (Digital Object Identifier) -   
Publisher - IJEDR (ISSN - 2321-9939)
Cite this Article
  Lovejit kaur,   "PNB SCAM: Shining Diamond Trader Took Away PNB’s Shine", International Journal of Engineering Development and Research (IJEDR), ISSN:2321-9939, Volume.8, Issue 1, pp.51-55, January 2020, Available at :
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