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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: Mumbai court issues non-bailable warrants against Nirav Modi, Mehul Choksi

  Business | March 03, 2018 17:55 IST

  The 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 | March 02, 2018 15:39 IST

  The 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 | March 01, 2018 22:41 IST

  According 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 | March 01, 2018 22:25 IST

  The 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 | March 01, 2018 23:57 IST

  This 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 | March 01, 2018 18:16 IST

  The 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 | March 01, 2018 15:58 IST

  The 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 | March 01, 2018 12:58 IST

  The 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 | March 01, 2018 23:10 IST

  The 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 | February 28, 2018 23:14 IST

  The 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 | February 28, 2018 19:07 IST

  Officials 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 | February 27, 2018 21:16 IST

  The 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 | February 27, 2018 19:05 IST

  Firestar 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’

  Politics | February 27, 2018 18:53 IST

  Noting 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 | February 27, 2018 16:25 IST

  Executive 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 | February 27, 2018 11:25 IST

  In 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 | February 24, 2018 22:29 IST

  IBA 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 | February 24, 2018 23:51 IST

  According to the CBI, top PNB officials were called at the agency's Mumbai branch and were questioned for over 7 hours.

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  PNB fraud: 'Passports of Nirav Modi, Mehul Choksi revoked'

  India | February 24, 2018 18:36 IST

  Reacting to the development, Nirav Modi's lawyer Vijay Agarwal said that government agencies are acting contrary to each other.