Page 23 - Nirav Modi Scam At Pnb

PNB scam: I-T dept issues notices against 26 people; ED seizes assets

ED has also seized nine luxury cars belonging to Nirav Modi and his companies

PNB fraud: ED asks Sebi to freeze Mehul Choksi's Gitanjali shares

Enforcement agencies ask Sebi to direct depositories

Intolerance for misconduct: Many PSBs have failed to develop this culture

Most bankers are often unhappy if they are transferred to the vigilance department

Rs 114-bn fraud: Submit concrete plan to pay dues, PNB tells Nirav Modi

Lender responds days after accused billionaire wrote to banks

Rs 114-bn PNB scam: Gitanjali Gems shares tank over 58% in 7 days

On NSE, shares of the company lost 4.92 per cent to hit a low of Rs 26.05

Scam-hit Punjab National Bank stock goes down 2% as probe widens

Since February 12 till February 19, the stock had fallen almost 28 per cent

After PNB scam, Mehul Choksi defaulted on Rs 1.21 billion to J&K Bank

ED searched Gitanjali Gems showroom of Udhampur district of Jammu previous week and seized gold jewellery and diamonds worth Rs 25 million

Goldman cuts price targets for public sector banks

A $2 billion fraud at the bank that surfaced days after India's largest lender posted a surprise loss has led to sharp declines in the National Stock Exchange's gauge of state-run bank stocks

Exposure of $0.28 mn against one LoU issued by PNB to gems clients: BoB

Bank of Baroda has some direct exposure to the gems and jewellery sector customers under consortium arrangement

Data breach hits 10,000 PNB credit, debit card customers, says report

PNB's Chief Information Security Officer has confirmed it was working with the govt to contain the fallout from the release of the data

Sensex can dip to 30,000; PNB scam dents investors' confidence: Marc Faber

In the case of the recent fraud at PNB, it does not impact the economy, but it does impact the confidence in the country's financial system

Sent notice to email id shared by Nirav Modi, says MEA; top 10 developments

The ED has frozen mutual funds and shares worth Rs 945.2 mn of the Nirav Modi and Mehul Choksi groups of companies

Nirav Modi says can't depose before ED; fresh summons served to him

Earlier this week, in a letter, Modi had alleged that PNB's overzealousness had shut the doors on his ability to clear the dues

Uddhav Thackeray raps govt over PNB scam, says Rafale deal on back-burner

Uddhav asked how it was possible for some people to siphon off thousands of crores of rupees in the past two-three years

Awaiting response to passport revocation notice sent to Nirav Modi: MEA

After the huge fraud came to light, the External Affairs Ministry suspended the passports of Modi and Mehul Choksi

PF interest rate reduced as a fallout of PNB scam: Mamata Banerjee

The TMC supremo claimed that the funds were being drawn from the people's pockets to balance the loss of an estimated Rs 114 billion

Nirav Modi's PNB fraud started in 2008: Arrested bank officials tell CBI

The arrested PNB officials said they merely continued with the practice that started in 2008

Scamsters conveniently leave India under PM Modi govt, says Prakash Karat

Karat attacked the Prime Minister saying the claims of Modi government of a corruption-free regime is now in "tatters"

Come up with an implementable plan to repay dues: PNB to Nirav Modi

Nirav Modi in his letter to the PNB had said that the over-zealousness of the bank to deal with the issue destroyed his jewellery brand

Scam-hit PNB banks heavily on Bhushan Steel sale for capital boost

Plans to claw back provisions on debt-ridden Bhushan Steel