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PNB buys 3 Audi cars for top management amid COVID-led financial downturn: Report

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₹1.34 crore last month, unmindful of the coronavirus outbreak, subsequent nation-wide lockdown and its crippling effect on the financial sector as well as the economy MUMBAI : At a time when the financial sector is passing through a rough patch and looking at ways to conserve capital, country's second largest lender Punjab National Bank (PNB) has bought three Audi cars to ferry its top management.According to sources, the PNB took the delivery of these high-end luxury cars worth approximately ₹1.34 crore last month, unmindful of the coronavirus outbreak, subsequent nation-wide lockdown and its crippling effect on the financial sector as well as the economy.The annual depreciation on this purchase will be around about ₹20 lakh, sources.

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