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Have communicated our claim to PNB with regards to Nirav Modi fraud: SBI

The four-day, Kotak Institutional Equities-Chasing Growth Conference is underway in Mumbai. In an interview to CNBC-TV18, Rajnish Kumar, Chairman of State Bank of India (SBI), from the sidelines of the conference, spoke about the latest happenings in SBI and also shared his views on the fraud at Punjab National Bank (PNB).

February 26, 2018 / 07:31 PM IST

The four-day, Kotak Institutional Equities-Chasing Growth Conference is underway in Mumbai. In an interview to CNBC-TV18, Rajnish Kumar, Chairman of State Bank of India (SBI), from the sidelines of the conference, spoke about the latest happenings in SBI and also shared his views on the fraud at Punjab National Bank (PNB).

Kumar said that we have clearly communicated our claim to PNB with regards to Nirav Modi fraud.

He further said that PNB fraud seems to be confined to a specific branch.

We can confirm there is no such case in relation to SBI, he added.