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

The Central Bureau of Investigation (CBI), meanwhile, has already started examining officials of overseas banks which had issued credit on ...

The special court has allowed the application for the issuance of NBWs against Modi and Choksi who had repeatedly refused to join the inves...

Sources in the Enforcement Directorate (ED) investigating the scam told ET that the overall exposure of the Punjab National Bank (PNB) case...

In a written reply to a question in the Rajya Sabha, Jaitley said the last fraudulent LoU was issued on May 23, 2017.

The SFIO earlier today recorded statements of senior officials of private sector lenders Axis Bank and ICICI Bank in connection with its pr...

It has to be seen whether these gold savings schemes fall under the Ponzi scheme category.

Trade sources said that the council also wants to send a message to the banks and financial institutions that the industry is taking stern ...

Modi was understood to have been buying time from Punjab National Bank (PNB). His brother, who came from the US, was negotiating with the b...

The scrip was trading 8.40 per cent down at Rs 102.50 at around 10.55 am (IST) on the BSE.

Government to soon call a meeting of top officials of all banks related to the Rs 11,400-crore fraud and seek an amicable solution to the s...

As authorities try to contain the fallout from the scam, here’s a look at key dates in the road to discovery.

The fraudulent transactions were carried by the diamond jeweller Nirav Modi and his companies by acquiring fraudulent (LoUs).

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

The exposures of the foreign bank branches are now under scanner following complaints lodged with the local regulators in their respective ...

PNB has detected a $1.77 billion scam where billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking from a bra...

There is strict instruction from the finance ministry to all banks that no big fish should go scot-free and no honest borrower should be ha...