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  Nirav Modi fraud is bank's issue; won't seek government support: PNB chief

  Business | April 09, 2018 21:11 IST

  Nirav Modi and his uncle Mehul Choksi, in connivance with certain bank officials, allegedly cheated PNB of over Rs 13,000 crore through fraudulent Letters of Undertaking (LoUs).

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  Hong Kong can accede to India's request to arrest fugitive Indian diamantaire Nirav Modi: China

  Business | April 09, 2018 14:58 IST

  China today said that Hong Kong can accept India’s request to arrest fugitive billionaire diamantaire Nirav Modi on the basis of local laws and mutual judicial assistance agreements.

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  PNB fraud: Special CBI court issues non-bailable warrants against Nirav Modi, Mehul Choksi

  India | April 08, 2018 18:17 IST

  Earlier on March 8, the investigative agency had sent summons to both Nirav and Choksi to join investigations as early as possible.

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  PNB Scam: Nirav Modi in Hong Kong? India sends request for provisional arrest

  News | April 06, 2018 8:06 IST

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  CBDT forms committee to study cases of rich Indians escaping abroad

  Business | April 05, 2018 16:09 IST

  The group will also "make recommendations for policy decision in respect of tax risks of the migrating HNIW population".

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  BJP files defamation case against Rahul Gandhi for comparing PM Narendra Modi with Nirav Modi

  National | March 31, 2018 8:28 IST

  Reacting to the development, the Congress party said it would keep raising voice against government's policies and its "failure" to check corruption.

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  Punjab National Bank to honour LoUs worth Rs 6,500 crore issued to 7 banks in favour of Nirav Modi

  Business | March 28, 2018 23:23 IST

  Putting an end to confusion over the payment obligation towards other lenders, PNB also assured that it will honour all subsequent maturing LoUs and FLCs as and when they are due.

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  PNB fraud case: ED seizes assets worth Rs 26 crore from Nirav Modi's Mumbai residence

  News | March 24, 2018 14:05 IST

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  PNB fraud case: ED seizes jewellery, watches and paintings worth Rs 26cr from Nirav Modi's residence

  India | March 24, 2018 15:29 IST

  Officials said the Enforcement Directorate along with the CBI launched fresh searches on March 22 at the Samudra Mahal luxury residential flats of Modi in Mumbai's Worli area which resulted in the recovery of fresh valuables.

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  PNB issued over 41,000 Letters of Undertaking since 2011: Finance Ministry

  Business | March 22, 2018 19:35 IST

  Fraudulent LoUs of the state-owned PNB were used by diamantaire Nirav Modi and his associates to defraud the bank of about Rs 13,000 crore.

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  Ex-PNB official Gokulnath Shetty booked in Rs 9 cr LoU fraud with another company

  Business | March 15, 2018 16:36 IST

  Apparently, the Nirav Modi and Mehul Choksi groups were not the only ones indulging in frauds related to Letters of Undertaking (LoUs) issued by the Punjab National Bank (PNB) officials.

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  'We feel hurt, need to be the Neelakantha consuming this poison': RBI Governor on banking frauds

  Business | March 14, 2018 23:07 IST

  Urjit Patel said that banking frauds amount to looting of our country's future by some in the business community in cahoots with some lenders.

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  PNB fraud amount reaches Rs 13,580 as CBI informs court of fresh FIR against Geetanjali Group

  Business | March 14, 2018 9:03 IST

  The PNB, the country's second-biggest state-run lender, filed a supplementary complaint to the CBI on March 4 against Gitanjali Gems Ltd, Gill India Ltd, Nakshatra Brand Ltd and Asmi Jewellery India Ltd for the additional fraud amount.

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  PNB fraud fallout: RBI starts special audit of public sector banks

  Business | March 12, 2018 10:55 IST

  In addition, the RBI has asked all banks for details of the LoUs they had written, including the amounts outstanding, and whether the banks had pre-approved credit limits or kept enough cash on margin before issuing the guarantees.

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  RBI may give PNB one year to provision against Rs 12,646 crore fraud

  Business | March 08, 2018 22:22 IST

  Sources said that PNB has written a letter to the banking sector regulator seeking its opinion on making provisions for the fraud.

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  PNB fraud: CBI's fresh summons to Nirav Modi, Mehul Choksi

  India | March 08, 2018 20:26 IST

  Gitanjali Gems promoter Choksi, in his seven page letter which was released by his lawyer, has said it was impossible for him to return to India and join the investigation due to the suspension of his passport and ill-health.

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  Amount involved in PNB scam unlikely to go up: DEA Secretary

  Business | March 08, 2018 19:23 IST

  While talking to reporters on the sidelines of an IVCA event here, Garg further said the Department of Financial Services in the finance ministry has asked banks to screen all NPA or bad loan accounts.

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  PNB fraud case: CBI registers fresh FIR against Nirav Modi

  India | March 07, 2018 23:50 IST

  The bank has alleged in its complaint that its Brady Road branch in Mumbai had extended credit facilities to Firestar group between 2013 and 2017.

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  PNB scam: Nirav Modi's firm moves Delhi HC against ED proceedings

  India | March 06, 2018 21:53 IST

  In its plea, the company sought quashing of seizing of movable properties of Nirav Modi and depositing them with the PNB.

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  CBI questions PNB general manager in Nirav Modi fraud case

  India | March 05, 2018 18:30 IST

  The questioning came a day after the CBI arrested four people -- two employees and an auditor of Nirav Modi's group of companies, and a director of Gitanjali Group of Companies.