PNB fraud: National Financial Reporting Authority to be notified soon
Creation of National Financial Reporting Authority (NFRA) was proposed in Companies Act 2013, but the body never came into existence.
Feb 22, 2018, 14:03 PM IST
Let us give Nirav Modi and Mehul Choksi companies to their employees, make them cooperatives
Let’s learn from Amul. It is a romantic idea for a corporate rescue but one that may deserve attention.
Feb 22, 2018, 13:44 PM IST
PNB fraud: CBI seals luxury farmhouse of jeweller Nirav Modi in Mumbai's Alibaug
The CBI on Wednesday sealed a luxury property of billionaire Nirav Modi in Alibaug area near Mumbai.
Feb 21, 2018, 21:56 PM IST
Look for new jobs: Billionaire jewellers Nirav Modi and Mehul Choksi to their employees
Nirav Modi and Mehul Choksi are being investigated by multiple probe agencies after it recently came to light that they allegedly cheated Punjab National Bank to the tune of Rs 11,400 crore.
Feb 21, 2018, 18:17 PM IST
PNB Scam: Nirav Modi's employees used code language to discuss LoUs and transactions
An LoU is a guarantee which is given by the issuing bank to Indian banks having branches abroad to grant short-term credit to the applicant.
Feb 21, 2018, 14:21 PM IST
SC to hear PIL seeking deportation of Nirav Modi today
The PIL has been filed by lawyer Vineet Dhanda, which seeks Modi`s deportation within two months.
Feb 21, 2018, 10:15 AM IST
PNB scam: CBI arrests Punjab National Bank GM rank officer Rajesh Jindal
Jindal was holding the charge of Branch Head at PNB Brady House branch, Mumbai during August 2009 to May 2011.
Feb 21, 2018, 08:51 AM IST
PNB fraud: CBI arrests five senior executives of Nirav Modi and Mehul Choksi's companies
RBI said on Tuesday that it had 'confidentially' cautioned banks thrice since August 2016 on the risks arising from the malicious use of SWIFT system.
Feb 20, 2018, 22:25 PM IST
Government will chase down cheaters: Arun Jaitley breaks silence on PNB fraud
Finance Minister Arun Jaitley on Tuesday questioned the ethics of some businesses in the country.
Feb 20, 2018, 21:29 PM IST
Issued at least 3 warnings in 18 months about SWIFT-related fraud: RBI
RBI also announced the constitution of a high-level committee to look into the rising cases of fraud in the Indian banking system.
Feb 20, 2018, 20:20 PM IST
Moody's places PNB under review for downgrade
The bank overall has a Baa2 rating with a stable outlook now from Moody's.
Feb 20, 2018, 13:15 PM IST
CJI Dipak Misra-led SC bench to hear Punjab National Bank scam case on Friday
The Supreme Court will hear a PIL seeking SIT probe into the Punjab National Bank scam.
Feb 20, 2018, 11:11 AM IST
Fitch places PNB on 'Rating Watch Negative' with downgrade possibility
The Viability Rating measures credit worthiness of a financial institution and reflects the likelihood of the entity to fail.
Feb 20, 2018, 10:59 AM IST
Nirav Modi's hard-hitting letter to PNB: Full text
Modi has urged PNB to be fair and support his efforts to make good all the amounts that are found due by his group to all banks.
Feb 20, 2018, 10:48 AM IST
Absconding billionaire Nirav Modi blames PNB for mess, says 'support my efforts'
In the letter Modi wrote on February 15-16 to the PNB management, he pegged the amount his companies owes to the bank under Rs 5,000 crore.
Feb 20, 2018, 08:47 AM IST
No response to ED summons sent to fugitive Nirav Modi yet, say reports
It is being investigated as to why the then deputy manager of PNB Gokulnath Shetty was not promoted for many years.
Feb 19, 2018, 18:07 PM IST
7 engineering students had filed FIR against Mehul Choksi last year
A group of seven engineering graduates from Rajasthan Institute of Engineering and Technology in Jaipur were allegedly cheated by Choksi.
Feb 19, 2018, 10:53 AM IST
Nirav Modi effect? PNB sees 23% rise in outstandings against big wilful defaulters
The 123-year old state-lender has unearthed Rs 11,400 crore fraud allegedly involving billionaire jeweller Nirav Modi and associate entities.
Feb 18, 2018, 17:44 PM IST
Stop behaving as if you're guilty, speak up: Rahul Gandhi to PM Modi and Jaitley
PM Modi can tell kids how to pass exams for 2 hours, but won’t speak for 2 minutes on the 22,000 crore banking scam, tweeted Rahul Gandhi.
Feb 18, 2018, 15:21 PM IST
PNB fraud: Arrested bank officials not co-operating in CBI probe, say reports
The arrested bank officials have disclosed that the commission in exchange of issuing the LoUs was distributed between all PNB employees who was involved in it.
Feb 18, 2018, 10:21 AM IST
