News digest: PNB recap, Nirav Modi in DGFT dock, Modicare, and more

Insurers have told the govt that Modicare's pricing pattern is 'highly inadequate'

PNB 114 billion scam: Govt weighs bank's recapitalisation hike

The recapitalisation amount earmarked for Punjab National Bank (PNB) by the Centre is set to increase with the unravelling of the Rs 114 billion letters of undertaking (LoUs) scam. PNB’s performance metrics are also being reviewed to see if it requires to be put on the Reserve Bank of India’s list for prompt corrective action (PCA), sources familiar with the developments said. Read More...

PNB scam: DGFT to examine violations by Nirav Modi, Mehul Choksi firms 

The Directorate General of Foreign Trade (DGFT) has initiated an internal probe to