The Central Bureau of Investigation (CBI) has launched extensive operations throughout West Bengal, targeting bank fraud involving a stagge...

A special CBI court in Mumbai transferred a fraud case against Nirav Modi to a magistrate's court. The CBI stated that corruption charges a...

India’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...

Markets are cautious as a ceasefire nears expiry. Oil prices rose, and the rupee weakened, sparking inflation worries. Investors are watchi...

Punjab National Bank: What happened was an constable with Railway Protection Force (RPF) became a victim of electronic fraud in 2013 and Rs...

Upon declaring an account as fraud, banks are required to make provisions for 100 per cent of the outstanding loan amount, as per Reserve B...

“The account was declared fraud based on the forensic audit. At a time when capital is so scarce, why should I declare an account fraud for...

The agency alleged that Usha Ananthasubramanian, then MD and CEO of PNB, was aware of the fraudulent dealings and deliberately misled the R...

The bank found out these accounts after internal scrutiny, the officials said, adding these accounts are not directly related to the PNB fr...

Modi has been accused of defrauding the Punjab National Bank of Rs 12,600 crore, with Rs 1,300 crore being added to the fraud kitty two day...

From misuse of letters of credit, guarantee or undertakings to diversion and siphoning of funds, a variety of frauds linked to advances hau...

In a communication to employees, the PNB management has said that the state-run players enjoy “strong sovereign backing”, which was visible...

Officials of Hong Kong branches of Indian lenders including Allahabad Bank, State Bank of India (SBI), Union Bank, UCO Bank and Axis Bank a...

Bank of India CEO D Mohapatra, ICICI executive director NS Kannan, Allahabad Bank CEO Usha Ananathasubramanian and IBA CEO VG Kannan were a...

“The fraud in PNB is a case of operational risk arising on account of delinquent behaviour by one or more employees of the bank and failure...

“RBI has made its stand very clear that PNB is liable to pay dues to peer banks,” said one of the bankers present at the meeting where the ...

By paying the other lenders, only the balance sheet of PNB will suffer in terms of losses while the other banks will not have to make provi...