Page 24 - Nirav Modi Scam At Pnb

PNB hits back at Nirav Modi: Filed complaint as your LoUs were illegal

The bank said at no stage were such facilities extended by Punjab National Bank to the three partner firms

No more clerks please: Only PNB officers can now initiate messages on SWIFT

Several new limits have been placed on the amount that officers can generate depending on their seniority in the bank hierarchy.

Rs 114-billion PNB scam: Govt weighs bank's recapitalisation hike

Lender may also be put under RBI's prompt corrective action framework

FRDI Bill: Panacea for banking sector set for quiet burial after PNB scam?

If the Bill is junked, it would face a fate similar to a Bill proposed by the Atal Bihari Vajpayee government in 2000 to privatize PSBs

Gitanjali tanks 61% in seven days, PC Jeweller plunges 42% in one month

Gitanjali Gems is locked in lower circuit for the sixth straight trading sessions, down 5% at Rs 26.10, also its fresh low on the BSE.

PNB scam: DGFT to examine violations by Nirav Modi, Mehul Choksi firms

The DGFT grants an advanced licence to companies for availing of benefits under duty exemption schemes

Rs 114-billion PNB fraud: FinMin to meet bankers to resolve payment issue

PNB fraud pertains to issuance of fake Letters of Understanding to firms associated with Nirav Modi

PNB fraud: ED probing 120 shell firms linked to Nirav Modi, Mehul Choksi

According to ED officials, Nirav Modi, Neeshal Modi, and Mehul Choksi are directors or partners in about 100 companies registered with the Registrar of Companies in Mumbai

PNB fraud: Centre opposes plea seeking independent probe in Nirav Modi case

The plea has sought a direction to the finance ministry to frame guidelines on the grant and disbursal of loans involving big amounts

PNB fraud: With leaders under lens, Opposition parties wary of JPC probe

Leaders of several of the opposition parties are being investigated by the Central Bureau of Investigation

I-T dept questions PNB chief again; bank board to meet on February 26

The board meeting comes at a time when Arun Jaitley has come down heavily on PNB's management for its failure to check the fraud

Scam-hit PNB to move out of Nifty Midcap 100 index

PNB is among the 46 companies that will be excluded from the Nifty free float Midcap 100 index

Vipul Ambani knew fraud LoUs were being issued by Shetty, says CBI

CBI said Ambani's recorded statements failed to prove that he may not have been looking into the affairs of these firms

CBI arrests PNB general manager, seals Nirav Modi's farmhouse in Alibaug

Jindal is the 12th accused to be arrested in the case so far

PNB scam: Nirav Modi sole culprit, says wife of accused Firestar official

Nirav Modi's Firestar Diamond President Vipul Ambani is also one of the detainees sent to police custody

Rs 114-bn PNB fraud: I-T Dept attaches 141 bank accounts and fixed deposits

Nirav Modi's lawyer alleged that the Punjab National Bank (PNB) has termed commercial transactions as a fraud

PNB fraud: Fake Sebi circular spooks investors

Their fears were compounded after a popular news channel flashed the news about the circular

PNB fraud: Congress seeks Arun Jaitley's resignation on moral grounds

Like Lalit Modi and Vijay Mallya, he (Nirav Modi) too has gone out of the country under the government's patronage,says Chavan

Nick Leeson and Nirav Modi scandals: Decades apart, similar drama

Decades apart, but the drama linked to the two appears similar

Rs 114-bn PNB fraud: Gitanjali Gems shares plunge over 56% in six days

Market capitalisation of the company stood at Rs 3.25 billion, down from Rs 6.9 billion