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NIRAV MODI FRAUD
India still hasn't learnt its lesson from Nirav Modi, says a survey on bank fraudsGrowing tech has made fraud detection more difficult and most banks lack tools to predict frauds, Deloitte said- Nirav scam still haunts, PNB posts Rs 940 crore lossPost Nirav Modi, PNB had posted staggering loss of Rs 13,416.91 crore for the fourth quarter 2017-18.
- Open-ended warrant issued against Nirav Modi in ED caseEnforcement Directorate (ED) had moved the court for an open-ended NBW against them, saying the previous warrant could not be executed in t...
- Nirav Modi scam: PNB, Allahabad Bank boards may decide on further action against EDs, MDSoon after Central Bureau of Investigation (CBI) filed charge sheet in May pointed involvement of top officials of banks, PNB's board decid...
- No plans to close operations at Brady House branch in Mumbai: PNBPNB's Brady House branch in Mumbai had fraudulently issued LoUs for the group of companies belonging to Nirav Modi since March 2011.
- PNB puts its holding in Icra on the blockThe bank suffered a huge loss of over Rs 13,000 crore for the March quarter.
- FM Piyush Goyal to meet heads of PSU banks tomorrowIn all 15 CEO of PSBs from the two regions will participate in the meeting to discuss the way forward for the Indian Banking system.
- Former MD of PNB was aware of Nirav Modi fraud, says CBIThe agency alleged that Usha Ananthasubramanian, then MD and CEO of PNB, was aware of the fraudulent dealings and deliberately misled the R...
- Companies investment vehicles set up in Dubai free trade zone under taxman scrutinyI-T dept probes transactions to check if firms used these subsidiaries to siphon off money, escape tax
- Suresh Prabhu to discuss credit woes of jewellery sector with bankersThe Gem & Jewellery Export Promotion Council (GJEPC) is organising a banking summit in the maximum city to discuss credit-related matters.
- Nirav Modi fraud is bank's issue; will not seek govt support: PNB MDNirav Modi and his uncle Mehul Choksi, in connivance with certain bank officials, allegedly cheated PNB of over Rs 13,000 crore through fra...
- Nirav Modi Fraud: PNB to beef up its system, processes for lendingSome of the ideas being considered include having a separate pre-sanction appraisal and post sanction monitoring teams for credit disbursal...
- Nirav Modi Fraud: PNB embarks on Mission Parivartan driveThe strategy includes profit maximisation, improvement of asset quality and recovery, increasing productivity, new ideas for augmenting ret...
- CBI questions PNB general manager in Nirav Modi fraud caseThe questioning came a day after the CBI arrested four people -- two employees and an auditor of Nirav Modi's group of companies, and a dir...
- PSBs need to improve risk infrastructure: SBI chief Rajnish KumarTalking about SBI, Kumar said SBI has a good risk mitigation architecture.
- Nirav Modi fraud case could trigger PCA on PNB: Kotak reportThe state-run lender had detected fraudulent transactions worth USD 1.77 billion (Rs 11,400 crore) at one of its branches in Mumbai.
- Government looks into auditors' roles in PNB caseThe ministry may refer the matter to the Serious Fraud Investigation Office, which has already started probe into the Rs 11,400-crore Nirav...
- PMO working on resolving Nirav Modi fraud: MoS financeMinister of State for Finance Shiv Pratap Shukla said the investigation into the PNB fraud is still on, and the government will not spare a...
- Congress says Nirav Modi's PNB fraud is ‘system failure’Rahul Gandhi, tweeted on the issue, making a pointed reference to a photo taken in Davos which showed Nirav Modi among several others in a ...
- Nobody will be spared: Finance Ministry on PNB fraud casePNB has detected a $1.77 billion scam where billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking from a bra...
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