ED searches seven premises in Hyderabad over alleged ₹326-crore bank fraud
The investigation concerns the alleged defrauding of a consortium of banks led by Punjab National Bank, along with IDBI Bank, Union Bank of India, Andhra Bank (now part of Union Bank of India), and Bank of Baroda, resulting in a loss of ₹326.49 crore
· 10/24/2026, 7:54:02 AM· 2 min read
The investigation concerns the alleged defrauding of a consortium of banks led by Punjab National Bank, along with IDBI Bank, Union Bank of India, Andhra Bank (now part of Union Bank of India), and Bank of Baroda, resulting in a loss of ₹326.49 crore
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