Page 10 - Nirav Modi Scam At Pnb

Firestar bankruptcy proceedings: PNB hires lawyers to represent it in US

Firestar Diamond approached a bankruptcy court in New York court in February

CBI court issues non-bailable warrants against Nirav Modi and Mehul Choksi

Both Choksi and Modi have been booked in two cases each related to the bank fraud

Worst is behind us, bank in recovery mode: PNB MD on Nirav Modi mess

With regard to deposits, the bank has recorded a growth of 6.2%, MD said

PNB Scam: CBI grills former RBI deputy governor H R Khan

Khan is the senior-most former official of the RBI to be questioned by the CBI in the case

PNB scam and 20:80 gold scheme: CBI quizzes H R Khan, ex-dy governor of RBI

The move comes a day after CBI questioned three chief general managers and one general manager of the central bank

CBI questions RBI officials in connection with PNB fraud

CBI is also looking into whether the 80:20 gold scheme introduced during the UPA regime has benefitted the firms of Nirav Modi and Mehul Choksi

Rs 130-bn fraud hasn't impacted our ability to lend: PNB MD & CEO

Sunil Mehta says tough times gives one opportunity to transform the bank

Nirav Modi in Hong Kong? Govt sends request for provisional arrest

A provisional arrest is made pending a formal extradition request

LoU ban to hit small & medium importers with higher funding costs: Report

The Reserve Bank of India on March 14 issued the order in the wake of fraudulent LoUs issued by a public sector bank

PNB misled RBI on SWIFT integration: Central Bank to Finance Ministry

The RBI sent out the advisories detailing what banks should do to prevent a Bangladesh Bank-heist like incident

Corporate governance & art of recusal

Recusal is not the same as a resignation, nor an admission of guilt

RBI did not do proper auditing during period of PNB loan fraud: CVC

The RBI had the regulatory responsibility for the banking sector but any lack of integrity would be looked at by the Central Vigilance Commission

Don't believe rumours, your money is safe with us: PNB to customers

has come out with a detailed set of FAQs to address concerns of customers in the wake of the recent fraud

PNB scam: CBI questions officials of BoI, Axis and Allahabad Bank

Modi's firms allegedly defrauded PNB of over Rs 60 billion, while Choksi's firms over Rs 70 billion

PNB worried Nirav Modi won't pay up, chasing the bucks in US now

PNB is not shown as a creditor in the bankruptcy documents filed in a court in New York by three companies affiliated with Nirav Modi

The buck stops here

Instead of wholesale privatisation, consolidation of public sector banks is a better safeguard against PNB-like scams

Frauds cost Rs 181.7 bn to banking sector in FY17, says IiAS report

The report comes amid a string of banking frauds recently, including the Rs 14-billion PNB scam involving billionaire jeweller Nirav Modi and his uncle Mehul Choksi

PNB scam: ED seeks Interpol's help to locate Nirav Modi and his kin

The CBI in February also approached the Interpol with a request of issuing a Diffusion Notice against Modi to locate him

PNB fraud: ED arrests Nirav Modi's Firestar Diamond VP S S Wadhwa

ED seized valuables worth over Rs 360 mn belong to Modi and also carried out joint searches with the Central Bureau of Investigation

Fake LoUs: PNB agrees to honour Rs 65 bn of other banks' pending claims

The decision came after the finance ministry's meeting on Tuesday with a few bankers, including those from Punjab National Bank, to break the stalemate between banks