Page 30 - Nirav Modi Scam At Pnb

PNB fraud: What does it take to set up a high-performance RBI?

We should block the nominal growth of banking until we get to a minimum level of capabilities at the regulator

PNB crisis: Chaos underlines financial services department's poor capacity

Punjab National Bank's problems also underline the poor capacity of the department of financial services

Virat Kohli, Priyanka and others caught in the PNB fraud case crossfire

The ensuing blame game could sully reputations and fracture an already fragile relationship between brands and endorsers

PNB scam: Met Dinesh Dubey only once, says ex-financial services secy Takru

Takru said he had met Dubey when the latter had offered to resign as director in Allahabad Bank

PNB scam: Odisha to review Gitanjali group's Rs 6-bn jewellery park project

The Odisha government will review the Gitanjali group's Rs 6.36 billion project to set up a gems, jewellery, lifestyle and luxury goods park in the state following involvement of the jewellery behemoth in the Rs 114 billion Punjab National Bank (PNB) fraud case.The project was to be set up by Gitanjali Infratech, a part of the Mumbai-based Gitanjali group, on 100 acres land at Ramdaspur near Cuttack, and it had received approval of the state government in November, last year."Following the revelation of Gitanjali group's involvement in the PNB fraud case, we have decided to review the project", said a top official of the Odisha government.He said, out of 100 acres earmarked for the gems, jewellery park, 30 acres had been allotted to the company for which it had made necessary payment to Odisha Industrial Infrastructure Development Corporation (Idco).Gitanjali group chairman and managing director, Mehul Choksi along with his nephew Nirav Modi are accused of defrauding PNB to the tune ..

PNB fraud: Enforcement Directorate raids over 45 locations in 15 cities

The ED on Friday and Saturday also conducted raids at 35 and 21 locations across India respectively in connection with the 114 billion fraud

PNB Rs 114-bn fraud: Is it a threat or opportunity for investors?

But it may go into a long downward spiral before things turn around

PNB scam: UCO Bank has $412 mn in exposure to fraudulent transactions

The alleged fraud at PNB benefited billionaire jeweller, Nirav Modi and jewellery retailer Gitanjali

PNB scam: Bank sees 23% jump in outstanding loan against wilful defaulters

PNB has unearthed Rs 114 billion fraud allegedly involving billionaire jeweller Nirav Modi and associate companies

PNB fraud: Speak up, don't act like the guilty, Rahul Gandhi tells PM Modi

Rahul Gandhi further went on to claim that PM Modi has robbed the country

Rs 114-bn PNB scam: 200 shell firms, benami assets under ED, I-T scanner

It is suspected that the shell firms were being used by the accused to launder money and create "benami" assets

Nirav Modi scam at PNB: Other banks also involved, alleges Mamata Banerjee

She also demanded an investigation into those involved in effecting the transfers or removals

Nirav Modi scam: Crisil puts Punjab National Bank's ratings under watch

The agency has an AAA and AA ratings on the various debt instruments of the Delhi based public sector lender

'Fraudsters' were linked to the 'highest echelons' of NDA, alleges Congress

The total NPAs of all public and private banks were worth Rs 8.36 trillion as of September 2017

PNB scam: CBI scans balance sheets of 18 Mehul Choksi's Gitanjali branches

The official checked the records which did not show such Letters of Understanding to Nirav Modi or Choksi's company

PNB fraud case: Assocham appeals govt to reduce 50% stake in PSBs

He called upon the Reserve Bank of India to take a lead and engage with the industry in finding ways to do clean business in the entire financial sector

Sebi probing alleged nexus between Nirav Modi firms and stockbrokers

The banking regulator is conducting a supervisory assessment of Punjab National Bank, while all banks have beefed up their vigil on all clients linked to diamond and jewellery trade

PNB fraud: No guarantee of better governance, privatise PSBs says Assocham

PNB said it had detected the gigantic fraud in one of its Mumbai branches, putting the quantum of fraudulent transactions at $1,771.69 million

PNB scam: Special court remands all 3 accused to CBI custody till March 3

CBI said accused were not cooperating with investigation so custody required 'to recover important missing documents'

Banks relied on India Ratings' A- outlook to lend to this Nirav Modi firm

This, despite Firestar International suffering from a high-leverage, off-balance-sheet exposure