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PNB scam: Do you know these terms?

PNB scam: Do you know these terms?

Punjab National Bank on Monday detected fraudulent transactions worth Rs 11,300 crore at its Brady House branch in Mumbai. The PNB in its cautionary note to other public and private sector banks used terms like LoU and SWIFT while explaining the modus operandi of the scam. Watch BusinessToday.in's video to find out what does these terms meanĀ 

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