Nippon Life India Asset Management will pay over 96 crore rupees to settle SEBI charges. The company allegedly invested customer funds in h...

Mobile phone retailers are calling for an end to financing schemes after reporting 10-12 per cent fraudulent purchases. They are advocating...

Under existing regulations, if a bank is satisfied with the track record and bona fides of the importer, it can frame its own internal boar...

The fresh valuations showed that diamonds were of low quality lab prepared chemical vapour diamonds and other inferior colour stones and no...

Modi fled the country after allegedly siphoning off about Rs 13,000 crore from Punjab National Bank using Letters of Undertaking in collusi...

PNB's Brady House branch in Mumbai had fraudulently issued LoUs for the group of companies belonging to Nirav Modi since March 2011.

Nirav Modi group companies Firestar Diamond Ltd Hong Kong and Firestar Diamond FZE Dubai availed some credit facilities from the Hong Kong ...

At the end of March, 2018, total capital ratio as per the Basel- III requirement declined to 9.20 per cent as against 11.66 per cent at the...

This mean the member countries of Interpol can arrest and extradite Nirav Modi who fled the country in the first week of January.

The state-owned lender last week reported its highest ever quarterly loss of Rs 13,416.9 crore.

Sebi last week issued a warning letter to PNB for delaying disclosures to exchanges.

The PNB was defrauded of $2 billion allegedly by diamond trader Nirav Modii and his associates.

The officials were asked why several discrepancies in the LoUs issued by PNB were not considered by the banks extending credit facilities t...

PNB has decided to honour all LoUs and foreign letters of credit (FLCs) when they come up for maturity. The bank had issued around 1,590 Lo...

Gokulnath Shetty, former PNB staffer, and Mehul Choksi, the absconding promoter of Gitanjali Gems, could be in prison for life if found gui...

The first FIR, based on PNB’s complaint and registered on January 31, said that eight of the socalled letters of undertaking (Lo-Us) or gua...

Not only bankers, insurance companies, too, could possibly be cautious in extending their services to jewellery exporters after this fraud,...