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
PNB fraud may cause a loss of whopping Rs 17,632 crore to banks, says Income Tax Department
As of March 2017, banks had extended loans and guarantees worth $2.74 billion to firms tied to billionaire jeweller Nirav Modi and his maternal uncle Mehul Choksi.
Feb 17, 2018, 20:44 PM IST
How Gokulnath Shetty's retirement proved crucial in unearthing the PNB scam
Gokulnath Shetty was arrested along with two other key accused in the PNB fraud on Saturday.
Feb 17, 2018, 15:16 PM IST
Nirav Modi not part of PM's delegation to Davos, group photo an impromptu event: MEA
The MEA on Thursday suspended with immediate effect the passports of diamantaire Nirav Modi and his business partner Mehul Choksi for four weeks.
Government says blame UPA for PNB fraud, Congress advises 'homework' to BJP
The MEA on Friday suspended with immediate effect the passports of diamantaire Nirav Modi and his business partner Mehul Choksi for four weeks.
Nirav Modi case: After 'guide to looting India' Rahul Gandhi tweets 'scamster's escape formula'
On Thursday, the Gandhi scion had taken potshots at PM Modi by tweeting ‘Guide to looting India’.
Feb 16, 2018, 15:11 PM IST
PNB fraud: Nirav Modi, Mehul Choksi's passport suspended; 50 more firms to be raided
While Modi runs the jewellery brand chain under his name, Choksi is the promoter of Gitanjali Gems.
Feb 16, 2018, 14:40 PM IST
PNB fraud: Over Rs 9,000 crore of investor wealth wiped out in last four days
The Mcap of PNB shrunk to Rs 30,162.18 crore from Rs 39,209.62 crore on February 12.
Feb 16, 2018, 13:00 PM IST
PNB Scam: Eight more bank employees suspended
The number of suspended employees now stands at 18, which also includes General Manager level officers.
Feb 16, 2018, 12:10 PM IST
PNB fraud case: ED summons Nirav Modi and Choksi, asks to depose within a week
While Modi runs the jewellery brand chain under his name, Choksie is the promoter of Gitanjali Gems.
Feb 16, 2018, 11:31 AM IST
