Page 26 - Nirav Modi Scam At Pnb

PSBs lose Rs 1 trn; PNB scam erodes investor interest spurred by recap plan

The government's recapitalisation plan, announced on October 24, raised the PSU Bank Index to a high of Rs 3,965.60 by January 24

I-T sleuths question PNB's Sunil Mehta; CBI arrests Firestar's Vipul Ambani

The CBI also questioned an executive director of the PNB along with nine other officials

PNB crisis: RBI's Malegam-led panel to look into NPA divergence, bank fraud

The panel will be headed by former RBI board member Y H Malegam, who had also earlier led several RBI committees on important reform measures

PNB fraud: Govt to chase down those who cheat banking system, says Jaitley

Jaitley also questions role of auditors

PNB fraud impact: Fitch, Moody's place lender's rating under watch

Moody's has placed the bank's Baseline Credit Assessment (BCA) and adjusted BCA of ba3 and the Counterparty Risk Assessment (CRA) of Baa3(cr)/P-3(cr) under review for a downgrade

PNB fraud: Issuing of LoUs going on since 2008, CBI tells court

According to the remand report filed by the CBI, Tiwari was working as chief manager in Forex Department and was incharge during the period from 2015 to 2017

First big arrest in PNB fraud: Vipul Ambani, four others held by CBI

Ambani was arrested along with executive assistant Kavita Mankikar and Senior Executive Arjun Patil in connection with the first FIR registered by the agency

Relook risk management: Letter to BS on Rs 114-billion PNB scam

The recent fraud in PNB, and it is suspected that its contagion will affect several other Indian banks, is a classic example of operational risk faced by banks

Who is being protected in PNB fraud case: Letter to BS

Why are only low-level officers being questioned: Business Standard reader questions

Revealed: Gitanjali promoter Mehul Choksi's Hong Kong 'money' connection

Documents with Business Standard show Hong Kong companies that got millions of dollars are located in same building and use same staff as Choksi's firm

I-T slaps fresh charges against Nirav Modi under new anti-black money law

The latest foreign asset is suspected to be a trust registered in Jersey, located near the coast of Normandy

CBI questions 10 PNB officials, 18 employees of Nirav Modi, Gitanjali group

A Central Bureau of Investigation (CBI) team also conducted raids at diamantaire Nirav Modi's Alibaug farmhouse near Mumbai

PNB scam: RBI says had issued warnings on possible misuse of SWIFT system

Employees of PNB are suspected to have steered fraudulent loans through the platform to overseas accounts

Jaitley breaks silence on PNB fraud, says India will chase down cheaters

Nirav Modi has said PNB's overzealous approach shut the doors on his ability to clear the dues

114-bn PNB fraud: SC to hear PIL seeking SIT probe on Wednesday

The plea has sought a direction to the finance ministry to frame guidelines on the grant and disbursal of loans involving big amounts

Nirav Modi scam: Fraud-hit PNB loses Rs 110 billion in mcap in 5 days

The stock had dropped in the previous four trading sessions. In the past one week, the stock has lost nearly 28 per cent

Nirav Modi PNB fraud: How bank auditors failed to detect scam in 6 years

The problem here is that internal auditors are good at accounts, but they are not trained to track foreign exchange transactions

Nirav Modi scam: Moody's, Fitch warn fraud-hit PNB of rating downgrades

The Rs 114 billion fraud--the biggest in the country's banking history--has raised questions on both internal and external risk controls at PNB

Moody's places PNB under review for downgrade after Nirav Modi's fraud

The scam came out into the open on 14 February 2018, when it informed the stock exchanges

PNB drops out of top-100 most valued stocks

At 11:55 am; with Rs 272 billion market-cap, PNB stood at 108th position, lost Rs 120 billion from Rs 392 billion as on February 12, 2018.