Page 29 - Nirav Modi Scam At Pnb

Nirav Modi PNB fraud: CBI seals bank's Brady House Branch in Mumbai

The multi-pronged action by the CBI, ED, and others comes five days after PNB admitted to unearthing a fraud of Rs 115.15 billion involving Modi's companies

Nirav Modi PNB fraud: PM Modi's silence speaks of his loyalties, says Rahul

Gandhi's statements come in the wake of Punjab National Bank fraud case, involving businessmen Nirav Deepak Modi and Mehul Chinubhai Choksi

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

Eighteen businessmen and 24 firms who had taken the franchise of Modi and Choksi's jewellery brand ended up filing criminal complaints of financial bankruptcy

Nirav Modi PNB fraud: Vijay Aggarwal to be absconding diamantaire's lawyer

Nirav Modi acquired fraudulent letters of undertaking from one of PNB's branches for overseas credit from other Indian lenders

Once the pride of Punjab, PNB is now a theme for WhatsApp memes in India

The nationalisation of banks by Mrs Indira Gandhi on the midnight of 19th July 1969 changed the way banking was done in India

Eyes wide shut: The $1.8 billion PNB fraud that went completely unnoticed

The accounts given by executives suggest an answer as simple as it is alarming: no one was paying attention

Bank Union wants CBI probe into PNB fraud, alleges RBI failed as regulator

The Union also alleged that the RBI has failed to fulfill its role as a regulator of the banking sector

Nirav Modi scam: Billion dollar diamond fraud puts state banks in focus

The apparent failure of anyone to notice the largest fraud in Indian banking history until this January reveals a "rot" in the state financial sector that goes beyond one lender

CBI questions Nirav Modi's CFO Vipul Ambani; searches PNB Mumbai branch

CBI questions Nirav Modi's CFO Vipul Ambani; searches PNB's Brady House branch

PNB fraud: Who's liable and why multiple audits failed to raise an alarm?

While the scam highlights the need for an overhaul of the oversight mechanism of banks and of their internal controls, questions are being raised on why multiple audits failed to raise an alarm

PNB fraud: Banking shares are expected to be on tenterhooks

Most European markets have rallied four per cent in dollar terms and US markets have gained about 5 per cent during the same period

PNB scam: Govt is watching every move investigative agencies are taking

The RBI expects the assessment to show if the systemic failure was only in PNB or in the overall banking universe

Scam-hit PNB acts to integrate SWIFT into its core banking solution

State Bank of India, the country's largest, uses products from Tata Consultancy Services for its CBS

PNB fraud underlines need for more privatisation: Arvind Subramanian

Public ownership creates a complicated three-way line of control - ownership and regulation between the government, the regulator and the banks themselves, says CEA

PNB scam: Jewellers expect more casualties and tighter regulations

Informal lenders, suppliers to Nirav Modi and Choksi firms will be starved of cash

Rs 114-bn PNB scam: Why fraudsters prefer to use Letter of Undertaking

Most frauds in Indian banking have been due to use of LCs. And, PNB seems to be a favourite with such fraudsters

PNB reiterates: Will honour all bona fide commitments to other banks

The RBI, on Friday, denied reports it had issued instructions to PNB to meet its commitments under LoUs to other banks

Probe into PNB scam starts in full swing; 200 shell firms under scanner

The agency on Sunday evening did searches at the Brady Road branch of PNB in Mumbai

Nirav Modi team had a free run at PNB; CBI quizzes Firestar's Vipul Ambani

Conniving PNB staff got 'commission' on every LoU

PNB fraud: Why India's banking system is flawed and how we can fix it

What was the Reserve Bank of India (RBI) doing, what was the bank top management doing, what were the internal, statutory and concurrent auditors doing, and so on