Hong Kong Monetary Authority–Blindsided by Indian Banks in HK – Could Increase Regulatory Scrutiny
Follow Antya Investments As far as the Punjab National Bank (PNB IN) PNB is concerned, its financial statements have become unreliable now that allegations surrounding unauthenticated transactions using the SWIFT system have surfaced. Since it is PNB’s position that bank was not aware of these transactions, the bank’s capital adequacy ratios as disclosed in the […]