close

Another PNB scam: After Nirav Modi, Rs 6.2 mn Mudra loan fraud reported

Senior branch manager at PNB's Barmer branch in Rajasthan dishonestly and fraudulently sanctioned, disbursed 26 Mudra loans

Punjab National Bank
Premium

After the ~114 bn fraud in PNB, jewellers fear lenders will seek higher collateral and most firms who take the debt route to grow are exhausted in terms of providing security

New Delhi
The Central Bureau of Investigation (CBI) has registered a fresh case related to fraudulent loans issued under Prime Minister Narendra Modi's flagship Micro Units Development and Refinance Agency (Mudra) scheme.

Also Read

PNB scam: Won't tolerate irregularities in financial sector, says PM Modi

Before PNB fraud: Nirav Modi, Choksi left 18 businessmen, 24 firms bankrupt

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

PNB scam: Nirav Modi hasn't fled, out of India for business, says lawyer

PNB scam: ED summons Nirav Modi again, seizes watches; top 10 developments

PNB fraud: Justice I deserve is far off, says Mehul Choksi to jobless staff

After PNB, Rs 3.9-bn Oriental Bank of Commerce scam hits banking sector

Scam-hit PNB can sell 13% in PNB Housing Finance by Nov 2019

RBI announces ombudsman scheme to address complaints against NBFCs

PNB scam: Won't tolerate irregularities in financial sector, says PM Modi

First Published: Feb 24 2018 | 11:37 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com