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PNB SCANDAL
UK court rejects fresh bail application of Nirav ModiThe UK High Court has denied bail to Nirav Modi, a key figure in the Rs 6498.20 crore PNB scandal, who is facing extradition proceedings. M...- UK High Court denies bail to Nirav ModiThe UK High Court has denied bail to Nirav Modi, wanted in the $2-billion PNB scam, citing substantial grounds that he would fail to surren...
- Mehul Choksi Arrested: How fugitive diamantaire cheated Punjab National Bank of ₹13,500 crore & hit Indian banking sectorFugitive diamantaire Mehul Choksi, wanted in connection with the Rs 13,000 crore Punjab National Bank (PNB) loan scam, has been arrested in...
- PNB Bank fraud: ED further attaches properties of Mehul ChoksiThe attached assets are in the form of immovable properties comprising of a flat admeasuring 1460 sq. ft at O2 Tower, located at Goregaon, ...
- PNB scandal: ED brings back consignments of Nirav Modi, Mehul ChoksiBoth Nirav Modi and Mehul Choksi are the prime accused in $2 billion Punjab National Bank (PNB) scandal. According to ED, values of these g...
- PNB plunges after uncovering fresh $554 million fraudNew blow follows PNB’s discovery of a $2 billion hit in 2018
- Bear markets are like ethical hackers, they expose scams: Shankar SharmaI really don’t know why regulators around here hate bear markets, said Sharma in a tweet.
- UK confirms Nirav Modi in its territory, CBI moves extradition requestThe agency has sent the request through proper channels. It has been submitted to the Home Ministry which will send it to the UK through th...
- Antigua confirms Mehul Choksi given citizenship in NovemberCentral Bureau of Investigation (CBI) had registered a case against Choksi and his nephew Nirav Modi in the PNB scandal in February this ye...
- Credit Suisse to help PNB sell 33% in armIts 33 per cent stake in the listed housing finance company is expected to fetch Punjab National Bank (PNB) about Rs 6,600 crore.
- PNB scam: Non-functional’ email A/C of CBI officer blockedNIC after preliminary investigation discovered that on account of single time suspicious activity, the said email account was “automaticall...
- PNB splits loan operations to stop future shocksTo avoid similar episodes, the bank has also taken measures to improve its inspection and audits.
- Nobel laureate Yunus not in favour of privatisation of PSBs in IndiaThe Bangladesh-based champion of micro-finance did note, however, that ways have to be found to stop frauds in the banking sector.
- View: Let’s not allow PNB crisis to get wastedThe PNB crisis presents an opportunity to infuse more powers into a near dysfunctional Banks Board Bureau which can then undertake banking ...
- RBI discontinues Letter of Undertaking, Letter of Comfort as instruments of trade creditBanks can continue to issue guarantees and letter of credit for trade purposes as they have features that makes the claim on the issuer str...
- Government takes Rs 30,000 crore hit on PSBs in 7 daysThe value of government’s holdings in PSU banks has fallen 10 per cent.
- Agencies to probe overseas branches of Indian banksInvestigating agencies probing whether the ‘lackadaisical attitude’ of a number of officials of such banks was borne out of ‘laxity’ or ‘co...
- We are trying to clean Congress' mess, says Nirmala SitharamanIn government's defence, Sitharaman brought out papers that purportedly point to Congress leader Abhishek Singhvi's link to Gitanjali jewel...
- PNB fraud case: Banks refuse to buy Nirav Modi’s promisesSeasoned bankers believe that it is a normal practice of all fraudsters to come up with comforting statements and those who have run into t...
- Bhushan Steel shares rally after lenders agree to extend loans; stocks of debt ridden companies surgeShares of debt-ridden companies rallied on Thursday after troubled steel-maker Bhushan Steel said that 70 per cent of its lenders have agre...
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