Page 34 - Nirav Modi Scam At Pnb

PNB fraud case: ED issues summons to Nirav Modi, Mehul Choksi under PMLA

While Modi runs the jewellery brand chain under his name, Choksie is the promoter of Gitanjali Gems

After Nirav Modi scam at PNB, fear of sweetheart deals at other banks too

The case surfaced as a rule change by RBI in early January forced PNB to tap Nirav Modi and other importers for more margin money, and a query from the central bank about two 'tainted' PNB officials

All you need to know about Nirav Modi, India's jeweller to Hollywood stars

Nirav Modi's name is a stamp of corporate India's growing global prestige.

I am cautious on public sector banks now: Saibal Ghosh

Interview with chief investment officer at Aegon Life Insurance

PNB fraud case: Bankers, not bureaucrats, should run India's banks

The New Delhi bureaucrat who runs India's banking sector says this is an "isolated" incident

Rs 114-bn PNB fraud: In hunt for Nirav Modi, CBI reaches out to Interpol

Officials said the CBI approached the Interpol with a request for issuing Diffusion Notice, which was aimed at locating an individual

Nifty PSU Bank hits over three-month low; down 26% from 52-week high

PNB, Union Bank of India, Corporation Bank, Dena Bank, Bank of Maharashtra and Syndicate Bank hit their respective 52-week lows on the NSE.

PNB scam won't affect recap plan, bank can take Rs 114-bn hit: Govt sources

'The bank will get its recapitalisation share of Rs 50 billion, as allocated earlier,' stated the FinMin sources

PNB fraud case: CBI conducts searches at 20 locations of Geetanjali group

Geetanjali group is promoted by Mehul Choksi

NPA rules and Rs 110-bn fraud can put one-fourth of PNB's net worth at risk

The fraudulent transactions, which can be as much as $1.77 bn, along with new NPA rules can lead to a surge in provisioning

PNB fraud: Big jewellers Gitanjali, Ginni, Nakshatra under scanner

Banks are now looking at their systems and processes so that such frauds are not repeated

PNB names Nirav Modi and Gitanjali Gems in the mega Rs 114-bn fraud

Core banking system bypassed to issue unauthorised and fraudulent guarantees

Banks' risk management under a cloud after Rs 114-bn PNB fraud case

The latest fraud is a failure of management supervision and accountability, say experts

PNB fraud case: Lenders seek forensic audit of Gitanjali group's books

Bankers said the Gitanjali group had a standard account with IDBI Bank and Dena Bank

News Digest: Rs 114-bn PNB fraud, Modicare, Airtel Africa listing, and more

Delhi-based Punjab National Bank (PNB) said on Wednesday it had been defrauded of about Rs 114 billion

Rs 2.8-bn PNB-Nirav Modi fraud case: ED registers money laundering case

Official sources said ED filed the case under the Prevention of Money Laundering Act after going through a CBI FIR

PNB fraud: Sebi likely to probe disclosure lapses by banks, jewellery firms

The trading patterns of the companies as well as their senior officials who have come under the lens would also be looked by Sebi

Rs 114-bn fraud: Other lenders flouted RBI rules, PNB tells 30 bank heads

'There is a clear criminal connivance of group companies of Nirav Modi and Gitanjali Gems,' said PNB

25,600 cases! Indian banks were defrauded of Rs 1.79 bn till December 2017

Data released by the RBI last March revealed that during the first nine-months of 2016-17, 455 cases of fraudulent transactions of Rs 100,000 and above were detected at ICICI Bank

Despite banks blowing the whistle on bad loans, the Nirav Modi show goes on

Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies