Page 810 - Finance News

After PNB and Rotomac, CBI exposes three fresh cases of financial frauds

The Bank of Maharashtra has approached the CBI to lodge a loan default complaint against Amit Singla

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

Mehul Choksi wrote to 3,500 employees, saying it would be 'very tough' to clear dues of his employees or pay future salaries

PNB scam: ED attaches 21 properties worth Rs 5.23 bn of Nirav Modi group

Nirav Modi, Mehul Choksi, others are being investigated by ED and other probe agencies after Rs 114 bn-fraud came to light

PNB fraud redux? Bank of Maharashtra knocks CBI's door in loan default case

Delhi-based businessman Amit Singla dishonestly induced bank for getting loan on false representation by forging documents

PNB fraud 'scar' on economy: Jaitley slams regulators, hints at new norms

At ET Global Business Summit, Arun Jaitley said that unlike politicians, regulators in the Indian system are unaccountable

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

The lender alleged that Dwarka Das Seth International cheated the bank using Letters of Credit

RBI announces ombudsman scheme to address complaints against NBFCs

If the NBFC rejects the complaint or does not respond within a month, the customer can approach the Ombudsman

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

I want to appeal to those who have been given the task of framing rules and maintaining ethics in financial institutions to perform their duty with full faith, said Modi

PNB fraud: Global accounting firms under lens

The court said the Centre could consider steps for effective enforcement of the provisions of the Foreign Direct Investment (FDI) policy

Gitanjali Gems was a partner for Vibrant Gujarat Summit 2017: Congress

Congress accuses Gujarat police of inaction when Nirav Modi and Choksi duped people of Rs 50 billion

Rs 114-bn scam: PNB says will not appoint PwC India as forensic auditor

The second largest public sector bank found itself in a fix after PwC emerged lowest bidder for the audit

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

PNB Housing Finance was promoted by PNB

Banks need to revisit surveillance system to plug loopholes: Ex-PNB chief

The fraud allegedly started in 2011 at PNB

Find people responsible for leaking earnings on WhatsApp: Sebi to HDFC Bank

Sebi said inadequate controls at HDFC Bank are the prima facie reason for leakage of financial results

Didn't consider PwC for forensic audit post fraud due to Sebi order: PNB

The bank also denied reports that details of debit and credit cards of its thousands of customers have been leaked

Govt is taking strong action against financial irregularities: PM Modi

"System will not tolerate loot of public money," PM Modi

Virat Kohli still our brand ambassador; haven't engaged PwC for probe: PNB

No restrictions on the withdrawals have been imposed by the bank, said PNB

Rs 114 bn PNB scam: ICAI begins probe to know whether any CA was involved

It has asked the Securities and Exchange Board of India, PNB and federal investigating agencies to share their findings of the alleged fraud

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

PNB has roped in PwC to conduct a probe into the alleged fraud that would help the bank build a case against jewellers Nirav Modi and Mehul Choksi

RBI asks banks to integrate SWIFT in core banking system by April end

IBA Chairman said each bank will have to review their control systems and technology separately, as their problems and loopholes may differ