PNB settles Rs 43 lakh claims over Rs 35 crore fraud, promises customer payouts

<b>PNB</b> has announced it will settle <b>Rs 43 lakh</b> claims arising from a <b>Rs 35 crore</b> fraud, after verifying complaints. The bank’s move comes after months of customer frustration and a sluggish regulatory response. While the institution claims to be addressing concerns, the delay underscores a systemic lag in fraud detection and a culture of complacency that lets such breaches go unchecked. Customers now face a slow payout process, highlighting the need for tighter oversight.