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PNB SCAM LATEST
Banks cut exposure to jewellery trade sharplyIndustry lobby blames PNB scam for reduced exposure; seeks govt help to ease credit flow.
PNB fraud: Mehul Choksi cites risk to life, moves courtHis application came three days after Nirav Modi was arrested in London
PNB scam: ED files fresh charge sheet against Nirav ModiThis is a supplementary charge sheet against the diamantaire and few others and the agency has recorded additional evidences gathered in th...
Bear markets are like ethical hackers, they expose scams: Shankar SharmaI really don’t know why regulators around here hate bear markets, said Sharma in a tweet.
PNB fraud: ED attaches over Rs 218-cr assets of Mehul Choksi, othersThe ED is probing this case along with the CBI where it is alleged that Nirav Modi and Choksi defrauded the Brady House branch of the PNB.
PSU banks suffer whopping Rs 87,000 crore loss in FY18The 19 government-run banks collectively posted a net loss of Rs 87,357 crore during the fiscal, according to the latest quarterly numbers ...
Total loss of public sector banks topped Rs 87,000 crore in FY18Out of 21 PSBs, only two -- Indian Bank and Vijaya Bank -- posted profits during 2017-18.
PNB MetLife Insurance to file for IPO by AugustThe company may be valued at over Rs 8,000 crore and promoters are looking to realise close to Rs 2,000 crore from the sale of shares.
SFIO probes Fortis, Religare for alleged fraudsBesides, companies linked to Nirav Modi and Mehul Choksi groups are under the scanner too, the minister of state for corporate affairs said...
Banks leave worries behind, disburse Rs 1 lakh crore in 2 weeksThe trend is in line with the seasonal uptick as credit demand accelerates before the end of the fiscal year but it’s also part of the over...
ICAI issues advisory on joint auditors' work allocation in bank auditsFollowing the central bank flagging issues with respect to banks' joint auditors and respective managements, the institute has issued the a...
Here’s everything you wanted to know about the Rs 12,600 crore PNB fraud and its aftermathLast month, PNB revised the amount involved in the fraud to Rs 12,600 crore (around $1.9 billion), a significant markup over the initial co...
Bankers heading back to school to learn risk managementFinance ministry directs PSBs to attend a 3-day workshop at the SBI Training Academy in Gurugram, to train and teach bankers risk managemen...
22 PSBs together now smaller than HDFC Bank in m-cap: Time for bottom fishing?Market experts believe subdued performance in the PSB space is likely to continue.
PNB lost four times more money than SBI did to 'jewel thieves'Among other banks that suffered are Union Bank of India with nine defaults and Oriental Bank of Commerce with eight defaults.
PF interest reduction fallout of PNB scam : Mamata BanerjeeMamata said that the PF rates, which were 8.82 per cent when the BJP-led NDA government came to power in 2014, has now come down to 8.55 pe...
How Nirav Modi allegedly executed a $2 billion PNB fraudShares of the lender, Punjab National Bank, plunged on the news, dragging down other lenders when it said the scam may extend to multiple b...