Page 20 - Nirav Modi Scam At Pnb

The enemy within: Financial firms must be vigilant about employee fidelity

The annual Kroll Fraud and Risk Report says that junior employees were the second most common perpetrators of frauds, just behind joint-venture partners

PNB scam: CBI writes to five banks, seeks details of Nostro transactions

The Nostro account refers to an account that a bank holds in a foreign currency in another bank overseas to enable foreign trade by its clients

Amid rising NPAs and PNB fraud, PSU banks face credibility crisis

Will the public sector banks have enough capital to push growth in the light of recent incidents?

ED seeks Letters Rogatory to probe Nirav Modi's overseas business, assets

Letters Rogatory are a request from a court of a sovereign nation to a court of another sovereign nation

Fraud-hit PNB assures investors of early recovery, as probe widens

PNB has $120 billion in total assets, saw its shares fall for a third straight day on Friday

PNB fraud: Nirav Modi may face non-bailable warrant; top 10 developments

As part of its probe in the PNB fraud case, ED will send judicial requests to over a dozen countries for obtaining information about the overseas businesses and assets of Nirav Modi and Mehul Choksi

PNB scam fallout: Govt is revisiting plans of a bank-holding company

Such a company will hold the Centre's entire stake in PSBs and raise capital for them

Address ownership issue: Functioning of PSBs seeks urgent corrective action

Public friction between the government and the central bank does not help

ICAI assures 'accelerated inquiry' into auditors' role in PNB fraud

The Institute of Chartered Accountants of India (ICAI) has already issued show cause notice to all central statutory auditors of PNB and the auditors of Gitanjali Gems

PNB fraud: Banks for raising insurance cover against fraud by staff

For example, SBI alone in 2016-17 reported frauds of Rs 24.24 billion

PNB fraud, global cues spur Rs 100 billion FPI sell-off in February

eojit Financial Services Research head Vinod Nair said weak domestic cues impacted investor sentiment

Rs 114-bn PNB scam: CII for privatisation of public sector banks

The CII president said financial malfeasance perpetrated by unethical business entities and corrupt officials should not lead to a situation where funds to industry get choked

Foreign lenders review counter-party limits on Punjab National Bank

This, after rating agencies are reportedly placing PNB's rating under watch for a possible downgrade

Letter to BS: PNB's email to Nirav Modi exhibits a lack of seriousness

PNB's e-mail to Nirav Modi sounds insipid and reconfirms the top management's involvement

Mishandling Rs 114-bn fraud: Letter to BS on PNB's letter to Nirav Modi

The response of the government is equally disappointing considering the mistrust among the people regarding public sector banks

Rahul Gandhi attacks PM Modi, asks why 'chowkidar' is silent on PNB fraud

Gandhi also accused the prime minister of "failing" to fulfil the election promise of providing two crore jobs to youths in the country every year

Haven't waived off loans for any industrialist, Rahul is lying: Amit Shah

Gandhi has held the Narendra Modi-led government responsible for the frauds, and for the inefficiency of the authorities to nab the culprits

PNB fraud: Surat traders hope scam won't take shine off diamond business

According to him, the LoU facility is not widely used by the Surat-based diamond processing firms

PNB scam, possible Fed rate hike spur Rs 100 bn FPI sell-off in Feb

This is against the total inflow of over Rs 137.8 billion by foreign portfolio investors in January

Nirav deposited Rs 900 mn in PNB hours before note ban: NCP's Majeed Memon

Prime Minister announced the ban on Rs 500 and Rs 1000 Indian rupee notes, on November 8, 2016