Punjab National Bank
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PNB fraud: CBI's fresh summons to Nirav Modi, Mehul Choksi
India | Mar 08, 2018, 08:26 PM ISTGitanjali 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 | Mar 08, 2018, 07:23 PM ISTWhile 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: Mumbai court issues non-bailable warrants against Nirav Modi, Mehul Choksi
Business | Mar 03, 2018, 05:55 PM ISTThe court, set up under the Prevention of Money Laundering Act (PMLA), issued the NBWs on applications filed by the Enforcement Directorate (ED), one of the agencies probing the bank fraud cases registered last month.
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PNB fraud: Bank's ex-internal chief auditor sent to CBI custody till March 14
India | Mar 02, 2018, 03:39 PM ISTThe premier investigative agency had arrested Mishra yesterday, who was responsible for concurrent audit for the period 2011-2015 at PNB Brady House branch.
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PSBs shut 35 overseas branches, representative offices
Business | Mar 01, 2018, 10:41 PM ISTAccording to sources, Bank of India, Andhra Bank, IDBI Bank and Indian Overseas Bank have closed down Dubai operations, while Punjab National Bank, Canara Bank and Union Bank of India have shut Shanghai offices.
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PNB fraud: CBI recovers documents related to LoU from 'chawl' in Mumbai; arrests another bank executive
India | Mar 01, 2018, 10:25 PM ISTThe CBI made first arrest of an auditor of the bank when its internal chief auditor M K Sharma-- a chief manager-ranked official-- was picked up by the agency.
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Cabinet approves Fugitive Economic Offenders Bill 2018 to seize all assets of offenders
Business | Mar 01, 2018, 11:57 PM ISTThis Bill also has a provision to confiscate assets of the offender in foreign land as well, for which the government will have to make arrangements with different countries.
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EMIs on home, car loans to go higher as SBI, ICICI, PNB hike MCLR
Business | Mar 01, 2018, 06:16 PM ISTThe Reserve Bank of India (RBI) had introduced the MCLR system with effect from April 1, 2016 on account of limitations in the base rate regime.
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PNB fraud: Enforcement Directorate grills bank's Managing Director Sunil Mehta
Business | Mar 01, 2018, 03:58 PM ISTThe ED had early this week examined state-owned bank's Executive Director K V Brahmaji Rao to understand how the alleged fraud was detected and other banking procedures.
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Punjab National Bank cashier's body found floating in water; probe underway
India | Mar 01, 2018, 12:58 PM ISTThe deceased, Rohit Srivastava (28), who was the head cashier in Pehar branch of Punjab National Bank, belonged to Lucknow.
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PNB fraud: Enforcement Directorate attaches Mehul Choksi's 41 properties worth Rs 1,217 crore
Business | Mar 01, 2018, 11:10 PM ISTThe attached properties include 15 flats and 17 office premises in Mumbai, M/s Hyderabad Gems SEZ in AP, a shopping mall in Kolkata, farm house in Alibaug and 231 acres land in Maharashtra and Tamil Nadu.
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PNB fraud: CBI arrests bank’s internal chief auditor
Business | Feb 28, 2018, 11:14 PM ISTThe official has been identified as MK Sharma-- a chief manager-ranked official. It is the first arrest of any auditor of the bank.
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PNB fraud: Nirav Modi refuses to join probe, says CBI
Business | Feb 28, 2018, 07:07 PM ISTOfficials said that Nirav Modi was asked to appear before the agency in connection with its probe in the over USD two billion alleged fraud perpetrated in the PNB.
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CBI grills PNB ex-MD, ICICI's ED in Rs 12,600 cr fraud case
Business | Feb 27, 2018, 09:16 PM ISTThe CBI on Tuesday said it has questioned former Punjab National Bank Managing Director Usha Ananthasubramanian and ICICI Bank Executive Director N.S. Kanan in connection with its over Rs 12,600 crore bank fraud case.
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Nirav Modi's Firestar Diamond files for bankruptcy in US
Business | Feb 27, 2018, 07:05 PM ISTFirestar Diamond, Inc filed the Chapter 11 petition in the New York Southern Bankruptcy Court yesterday, according to the court filing.
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PNB fraud: Congress asks PM Modi to shift from ‘maun Modi to bol Modi’
National | Feb 27, 2018, 06:53 PM ISTNoting that Modi, during his recent visits to Karnataka had, among other things, spoken on the issue of corruption, Surjewala said after 46 months in power "if one person in India has to answer on corruption, it is Modi and his party the BJP."
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Finance Ministry gives PSBs 15-day deadline for pre-emptive plan to combat risks
Business | Feb 27, 2018, 04:25 PM ISTExecutive Directors and chief technology officers (CTOs) of PSBs have been asked to prepare a blueprint to enhance preparedness for combating increasing risks, Financial Services Secretary Rajiv Kumar said in a tweet.
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PNB-Nirav Modi scam: Bank says fraud amount could be Rs 12,700 cr
Business | Feb 27, 2018, 11:25 AM ISTIn a filing to the BSE late last night, the bank said the amount of unauthorised transactions could go up by more than Rs 1,300 crore.
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PNB fraud fallout: Banks told to link CBS with SWIFT system
Business | Feb 24, 2018, 10:29 PM ISTIBA said there is an urgency to fast-track SWIFT-CBS linkage. This came after the country's second largest state-run lender Punjab National Bank detected a Rs 11,400-crore fraudulent transactions at one of its branches in Mumbai.
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PNB fraud: CBI grills bank MD Sunil Mehta, Executive Director KV Brahmaji Rao; ED seizes Nirav Modi’s assets worth Rs 523 crore
Business | Feb 24, 2018, 11:51 PM ISTAccording to the CBI, top PNB officials were called at the agency's Mumbai branch and were questioned for over 7 hours.