Page 818 - Finance News

PSBs reported 8,670 loan fraud cases over last five fiscal years: RBI data

In India, loan frauds typically refer to cases where the borrower intentionally tries to deceive the lending bank and does not repay the loan

CBI, I-T department, ED widen probe into PNB's Rs 114-billion fraud

CBI said PNB officials Gokulnath Shetty and Manoj Kharat, in connivance with accused companies, defrauded the bank of Rs 48 bn

PNB Rs 114-bn fraud: Diamond industry could give more headache to banks

The industry is now technically insolvent, with the market capitalisation of many companies now lower than their debt outstanding

Scam-hit PNB will return to normalcy within six months, assures MD

Passports of Nirav Modi and Mehul Choksi suspended for four weeks

NPCI allays Paytm's fears, says WhatsApp Pay still an experiment

NPCI, however, stays silent on the key issue of two-factor authentication; sources, however, claim that WhatsApp will play by rules

Narendra Modi, Hassan Rouhani may discuss rupee investment mechanism today

Banking hurdles in way of rupee investment route

New black money act slapped on Nirav Modi: 105 a/cs, 29 properties attached

Tax sleuths also pasted attachment notices at immovable properties of Modi, his wife Ami and his firms located in Mumbai, Surat, Jaipur and Delhi

PNB fraud started under UPA, grew during NDA: Ex Allahabad Bank official

The former top bank official said the scam that started during UPA rule increased 50 fold in the NDA rule

Allahabad Bank discloses Rs 23.6-bn exposure in Rs 114-bn PNB fraud

Allahabad Bank was among other banks that were said to have offered credit based on Letters of Undertaking issued by PNB

ED, CBI tighten noose around Nirav Modi, Mehul Choksi: Top developments

The ED had also moved the external affairs ministry to revoke their passports, following which the MEA suspended it temporarily

Rs 114-bn PNB fraud happened due to failure of internal controls: RBI

RBI said it has already undertaken assessment of control systems in PNB and will take appropriate supervisory action

Fraud-hit PNB looking to sell real estate assets worth Rs 50 bn: Source

CBI raided the offices of jewellery retailer Gitanjali on Friday in a widening probe into the fraud

PNB loses m-cap worth Rs 87.31-bn after shares slump for third session

In the last three trading sessions, the company m-cap saw a total erosion of Rs 8,731.5 crore. This is more than 6-times of the company's full-year net profit of Rs 1,324 crore recorded in FY 2016-17

PNB won't breach PCA criteria on capital even in worst case scenario: CEO

PNB has lot of resources, including non-core assets, to fix the problem, says Sunil Mehta

Four PNB officials being examined by CBI; names 3 companies in fresh FIR

CBI conducted raids at several locations of Geetanjali Jewelers

Gitanjali Group cheated PNB of Rs 48.86 bn, says CBI after filing fresh FIR

CBI searches premises of Gitanjali group of companies at 20 locations in six cities; approaches Interpol

Gitanjali Group cheated PNB of Rs 48.86 bn, says CBI after filing fresh FIR

The officials also said the central agency approached the Interpol with a request for issuing Diffusion Notice which was aimed at locating an individual

YES Bank confirms 'nil' exposure to entities involved in jewellery fraud

The Union Bank was among other banks that were said to have offered credit based on Letters of Undertakings (LoUs) issued by PNB

PNB Rs 114 bn fraud impact: 54% customers prefer private banks to govt ones

Amid the blame game between Punjab National Bank and other affected lenders, the elaborate web of deception has left bank customers perplexed

PNB suspends eight more officials, to repay other banks by March-end

He said PNB will settle liabilities towards other banks by March end and no further capital infusion would be needed as these would be funded from internal resources