Credit squeeze: NiravGate chokes banking systemIndustry sources say when it comes to project loans, bankers are not willing to take any risk.
NiravGate: It’s politics over economics yet againThe arrest of Karti Chidambaram in the INX Media case added to the fire.
After Niravgate, Virat Kohli unlikely to renew contract with Punjab National BankThe bank had earlier denied media reports that the cricketer, the country’s highest-paid sportsperson, would stop the endorsement.
need2know: 10 macro triggers that should matter for market todayA lowdown on top macro triggers that may move market on Tuesday.
Keep calm and Malegam: Meet the man chosen by RBI to solve NiravgateFor RBI, Yezdi Hirji Malegam appears to be a Swiss knife. But can the regulator count on him to cut through the Punjab National Bank tangle?
Virat Kohli still brand ambassador; not engaged PwC for audit: PNBThe bank has also said in a statement that it has not imposed any withdrawal limits on its customers and normal banking activities are goin...
There is no exposure in PNB LOUs for gems and jewellery clients: PS Jayakumar, Bank of Baroda“Sometime in February or March of 2016, we had fully provided for the Rotomac account.”
PNB denies reports it transferred 18,000 staff in the wake of NiravgateThe bank clarified that it had transferred a total of 1,415 overseas employees since 19th February. It claimed these transfers have not imp...
NiravGate: Government tries to mitigate damageAt least 600 people have lost their jobs, thanks to the sudden shutdown of firms owned by Nirav Modi and Mehul Choksi.
Niravgate fallout: Government seeks to restrict travel of defaulting companies' promotersModi government is looking to restrict foreign travel of defaulting companies' bosses and scrutinise abnormal increase in overseas transact...
PNB fraud: ED raids Nirav Modi's Mumbai residence, seizes valuables worth Rs 5,716 croreThe ED is also moving to attach at least two dozen immovable properties of Modi, Choksi and their concerns under the Prevention of Money La...
Niravgate: PNB can’t sell housing finance stake just yet“PNB cannot sell the entire stake in the listed mortgage company because of the lock-in until November 7, 2019,” said a source aware of the...
Mayawati lashes at Centre over Niravgate"A Rs 20,000 crore bank scam took place, while the government was caught napping.What kind of a public welfare government is this?" Mayawat...
'Congress leader Abhishek Singhvi's wife bought Rs 1.5 crore gems from Nirav Modi'Senior Congress leader Abhishek Manu Singhvi has denied any knowledge of the transactions and said there's "no way of accepting that the st...
How the Nirav Modi scandal will affect diamantairesToday the diamond industry is worried. Everybody is concerned that the NiravModi scam will put their business in trouble and tarnish the im...