Page 10 - Nirav Modi Scam At Pnb

Rs 130-bn PNB scam: Probe under way; more heads could roll, says CEO Mehta

The bank will soon finish integrating its CBS with SWIFT so this cannot happen again, PNB CEO Sunil Mehta said

Ask Nirav Modi to come back to India: Delhi HC tells Firestar Diamond

The court listed all the matters for hearing on May 3

CBI probing Rs 52.8-bn loan to Mehul Choksi by ICICI-led consortium

It is alleged that Choksi and Modi got LoUs and Foreign Letters of Credit (FLCs) of $2 billion issued in favour of foreign branches of Indian banks based on fraudulent claims

PNB fraud: CBI questions 3 officials from Indian banks' branches abroad

The scam, which reportedly began in 2011, was detected in the third week of January this year, after which the PNB officials reported it to the concerned agencies

Can't monitor PNB fraud probe; will decide on PIL's maintainability: SC

Attorney General K K Venugopal said agencies have been carrying out probe "independently" and there was no need for judicial intervention

Nirav Modi fraud is bank's issue, will not seek govt support: PNB MD

The bank has enough resources and capability to meet the challenges posed by the fraud of this nature, said PNB MD Sunil Mehta

PNB fallout: Top Mumbai law firm hired by Nirav Modi under CBI scanner

The documents were collected during a "raid" in February by the CBI at the law firm

Hong Kong can accede to India's request to arrest Nirav Modi: China

Modi, who is wanted in connection with the Rs 136 billion scam at the Punjab National Bank, is reportedly in Hong Kong which is a specially administrative region of China

Rs 130-bn scam: CVC awaits detailed vigilance report; calls PNB auditors

CVC said the auditors have been given time to appear before the body

Firestar bankruptcy proceedings: PNB hires lawyers to represent it in US

Firestar Diamond approached a bankruptcy court in New York court in February

CBI court issues non-bailable warrants against Nirav Modi and Mehul Choksi

Both Choksi and Modi have been booked in two cases each related to the bank fraud

Worst is behind us, bank in recovery mode: PNB MD on Nirav Modi mess

With regard to deposits, the bank has recorded a growth of 6.2%, MD said

PNB Scam: CBI grills former RBI deputy governor H R Khan

Khan is the senior-most former official of the RBI to be questioned by the CBI in the case

PNB scam and 20:80 gold scheme: CBI quizzes H R Khan, ex-dy governor of RBI

The move comes a day after CBI questioned three chief general managers and one general manager of the central bank

CBI questions RBI officials in connection with PNB fraud

CBI is also looking into whether the 80:20 gold scheme introduced during the UPA regime has benefitted the firms of Nirav Modi and Mehul Choksi

Rs 130-bn fraud hasn't impacted our ability to lend: PNB MD & CEO

Sunil Mehta says tough times gives one opportunity to transform the bank

Nirav Modi in Hong Kong? Govt sends request for provisional arrest

A provisional arrest is made pending a formal extradition request

LoU ban to hit small & medium importers with higher funding costs: Report

The Reserve Bank of India on March 14 issued the order in the wake of fraudulent LoUs issued by a public sector bank

PNB misled RBI on SWIFT integration: Central Bank to Finance Ministry

The RBI sent out the advisories detailing what banks should do to prevent a Bangladesh Bank-heist like incident

Corporate governance & art of recusal

Recusal is not the same as a resignation, nor an admission of guilt