'Thank God they spared the peon': BJP MP Shatrughan Sinha's stinger at Modi government over PNB scam
He said that as the ultimate owner of the PSU bank, the Centre should have had a clue to what was going on.
Feb 27, 2018, 11:05 AM IST
What is PNB scam? How it fell victim to India's biggest loan fraud
Here is an explainer on the PNB fraud and its implications for other lenders and India`s banking sector.
Feb 27, 2018, 10:01 AM IST
PNB scam may be bigger; bank says it could rise to more than Rs 12,700 crore
The scam was perpetrated by way of fraudulent Letters of Undertaking (LoUs) generated in the name of Punjab National Bank.
Feb 27, 2018, 08:26 AM IST
CBI quizzes PNB officials, issues lookout notice against 10 firm executives
A CBI team also questioned PNB Executive Director KV Brahmaji Rao, two General Managers and a retired official in connection with its probe into the Rs 11,400 crore fraud.
Feb 27, 2018, 00:04 AM IST
PNB fraud: CBI writes to five banks; seeks details of Nostro transactions
On the basis of 293 fraudulent Letters of Undertaking issued by it to billionaire jewellers Nirav Modi and his maternal uncle Mehul Choksi.
Feb 26, 2018, 22:42 PM IST
PNB fraud: ED to issue Letters Rogatory to probe Nirav Modi's overseas biz, assets
The ED has been allowed to issue LRs to six countries to probe Nirav Modi's overseas biz and assets.
Feb 26, 2018, 18:12 PM IST
Fitch says Indian ABS not affected by PNB fraud
PNB, it says, still remains eligible as an account bank for Indian ABS transactions rated at 'BBB-sf'.
Feb 26, 2018, 14:59 PM IST
PNB Fraud: Banks for raising insurance cover against fraud by staff
PNB had only bought a basic banker's indemnity policy, which covers employee fraud, to the extent of Rs 2 crore.
Feb 26, 2018, 10:43 AM IST
PNB fraud: ED to seek information from over dozen countries on Nirav Modi, Mehul Choksi's assets
The agency will approach a competent court in Mumbai with a request to obtain Letters Rogatories to be sent to about 15-17 countries.
Feb 25, 2018, 20:42 PM IST
Rs 90 crore was exchanged for billions at PNB hours before PM announced notes ban: Majeed Memon
Calling for an investigation into the alleged incident, Memon said that this was reported during the time absconding billionaire jeweller Nirav Modi left India.
Feb 25, 2018, 14:01 PM IST
PNB fraud: Arun Jaitley rules out privatisation of state-run lenders
FM Jaitley said that the Indian political opinion may not find favour with this idea itself as it's a very challenging decision.
Feb 24, 2018, 22:08 PM IST
PNB fraud: RBI gives banks April 30 deadline to improve SWIFT safety, link it with CBS
RBI said that it had alerted banks three times since August 2016 for a possible misuse of the SWIFT infrastructure.
Feb 24, 2018, 21:24 PM IST
PNB fraud: CBI questions PNB CMD Sunil Mehta and Executive Director KV Bramhaji Rao
The Chief Managing Director (CMD) Sunil Mehta and the Executive Director KV Bramhaji Rao are being questioned at the CBI's Mumbai office
Feb 24, 2018, 18:32 PM IST
PNB fraud: Nirav Modi, Mehul Choksi's passport revoked
Last week, the passport issuing authority in the MEA had suspended the validity of passports of Nirav Modi and Mehul Choksi.
Feb 24, 2018, 17:41 PM IST
Finance Ministry must've known about it: Congress lashes out at Arun Jaitley's comment on regulators
Hours after Finance Minister Arun Jaitley slammed regulators for failing to detect the Rs 11,400-crore fraud at Punjab National Bank for seven long years, Congress accused the Centre of being aware of all details.
Feb 24, 2018, 14:45 PM IST
PNB scam effect: 6 months after complaint, CBI books jeweller for Rs 389-cr fraud
Case has been booked against Karol Bagh-based Dwarka Das Seth International Pvt Ltd for alleged bank loan fraud to the tune of Rs 389.85 crore
Feb 24, 2018, 13:37 PM IST
PNB fraud: After luxury cars and imported watches, ED attaches 21 properties of Nirav Modi worth Rs 523 crore
The ED has now attached 21 properties linked to the Nirav Modi Group in connection with its probe into the PNB scam.
Feb 24, 2018, 13:36 PM IST
Frauds push ease of doing business to background, scars take front seat: Arun Jaitley
Jaitley said that the unethical behaviour in the lender-borrower relation needs to end.
Feb 24, 2018, 12:47 PM IST
PNB fraud accused Mehul Choksi letter to employees: Full text
Mehul Choksi said he is facing a lot of problems due to the manner in which the multiple investigating agencies and government agencies are creating a "havoc, hell bent upon stopping the operations".
Feb 24, 2018, 11:50 AM IST
Can't pay salaries anymore, look for other jobs: Mehul Choksi writes to his employees
Mehul Choksi claimed that the agencies in India are 'hell bent' on stopping the operations of the company.
Feb 24, 2018, 10:51 AM IST
