Page 12 - Nirav Modi Scam At Pnb

PNB woes spur Goldman to downgrade India's economic growth forecasts

The Goldman warning is a blow for the govt, which had hoped that a $32 billion, two-year, bank recapitalisation programme it unveiled last year would help Indian banks to begin to restart lending

Hit hard by Nirav Modi fraud, PNB embarks on 'Mission Parivartan' drive

As part of the participative approach, the bank has created 'Lead the Parivartan' portal to engage all in the transformation process

Rs 127 bn PNB scam: I fear for my safety, Mehul Choksi tells CBI in letter

'I am extremely held up in my business abroad and am working hard to resolves the issues,' the Geetanjali Gems owner added

Rs 127-bn PNB scam and NPA crisis are contributing to banking paralysis

The authorities concerned cannot possibly be unaware of the consequences of their actions

How $2 bn PNB scam punched holes in PM Modi's anti-corruption image

While investigations continue into India's biggest-ever bank fraud, the by-election results show the BJP's reputation is on the line

PNB scam: ED seizes Nirav Modi's Ahmednagar solar plant, 134 acres of land

The ED had earlier provisionally attached 21 immovable properties worth Rs 5.24 billion, belonging to diamantiare Nirav Modi and companies controlled by him

Rs 129-billion scam fallout: RBI to resolve impasse over PNB liabilities

Finance ministry officials said the central government was not authorised to examine loan accounts above Rs 50 million and hence could not resolve the disputes among banks

Public sector banks: Buck passing between RBI and Ministry of Finance

The main beneficiary of the RBI's contempt of the court's decision on RTI is PSBs, over which the RBI claims to have no control!

PNB fraud: CBI court sends 11 accused to judicial custody till March 28

Modi's firms allegedly defrauded the PNB of over Rs 65 billion, while Choksi's firms Rs 70.8 billion

Farmers protest: Banks give crores to Nirav Modi, what about us? updates

Nirav Modi had acquired land of the farmers by conning them

PNB-Nirav Modi scam: Diamond traders move business to organised players

Larger players are also slipping into the role vacated by banks, by offering credit to smaller traders

PNB scam: Bank to focus on internal audits, recovery, small depositors

Bank outlines multi-pronged strategy to strengthen internal controls in its EGM held on Friday

PNB scam: SFIO probing 107 firms and 7 limited liability partnerships

The government ordered the investigation on February 17, 2018, says PP Chaudhary

Fraud-hit PNB faces dilemma over revealing price-sensitive information

On February 11, the bank said it had detected "fraudulent and unauthorised transactions" worth $1.78 billion

Nirav Modi fraud: PNB to honour bonafide LoU; increase its focus on CASA

PNB reassured its shareholders, customers, partners and employees on the bank's capability and capacity to come out of this situation

PNB scam: 107 firms, 7 LLPs under SFIO scanner, govt tells Parliament

The SFIO had summoned top executives of ICICI Bank and Axis Bank for questioning into this matter

PNB fraud: There can't be parallel inquiry by courts, Centre tells SC

The attorney general contended that why such petitions should be entertained by the courts unless there was something wrong shown by petitioner

PNB scam fallout: Assocham survey shows up to 15% drop in diamond demand

The survey covered 350 jewellery-makers based in Delhi-NCR, Mumbai, Ahmedabad, Chennai, Kolkata, Hyderabad, Chennai, Bengaluru, Chandigarh and Dehradun

PSBs plan tighter lending norms for corporate loans above Rs 2.5 billion

Public sector banks have decided to improve their risk-management systems

PNB detects Rs 91 mn-fraud at Mumbai branch where Nirav Modi scam unfolded

The new alleged fraud of around Rs 91 million involves officials of a little known company called Chandri Paper and Allied Products Pvt Ltd