Credit rating agency Crisil put PNB on ‘watch’

Global credit analytical Rating agency Crisil has put PNB’s ratings on ‘watch’, following the fraud detected by the lender at one of its Mumbai branches.Crisil, however, said it will remove the ratings from




‘watch’ and take a final rating action once it has clarity on the matter.The agency has a AAA and AA ratings on the various debt instruments of the Delhi based public sector lender which is the second largest amongst the nationalized banks.