Page 25 - Nirav Modi Scam At Pnb

PNB scam: Bank assures it has strong sovereign backing, adequate capital

The country's second largest lender has also dismissed media reports that it has imposed restrictions on withdrawals

PNB scam: Nirav Modi hasn't fled, out of India for business, says lawyer

The first high-profile arrest in connection with the Punjab National Bank fraud case took place on Tuesday when the CBI arrested Vipul Ambani

How Rs 114-billion PNB fraud went undetected for seven long years

The Reserve Bank issued reminder after Bangladesh heist

Meet Y H Malegam and B N Srikrishna, the govt's go-to men for every crisis

Amid the Rs 114-billion PNB fraud case, RBI has set up an expert committee under Malegam to look issues related to classification of banks' NPAs, rising incidents of frauds and effectiveness of audits

Revealed: Gitanjali's Mehul Choksi and a London-Hong Kong cross connection

Companies with suspected links to Hong Kong shell firms bought and sold London entity within a year

Gitanjali Gems hits all-time low; stock tanks 56% in six trading days

The stock hit an all-time low of Rs 27.45, down 10% on the BSE, falling 56% in past six trading days from Rs 62.85 on February 12, 2018.

PNB fraud: CBI arrests bank official of general manager rank in Delhi

Rajesh Jindal, head of the Brady House branch in Mumbai during 2009-11, was taken into custody last night

Nirav Modi to be deported in Rs 114-bn PNB fraud case? SC to hear plea

The PIL has been filed by lawyer Vineet Dhanda, which seeks Modi's deportation within two months

PNB fraud: Not all banks have SWIFT integrated with CBS, say bankers

It is up to the bank management to decide which application gets to interact with the CBS

Rotomac pens scam: Vikram Kothari is fighting battle, might be hard to win

Founder M M Kothari along with sons Vikram and Deepak in many ways changed the rules of the mouth freshener business

PNB Rs 114 bn fraud: Nirav Modi's seized assets may only fetch a fraction

Probe agencies suspect the market value of stock to be much lower than book value

PSBs lose Rs 1 trn; PNB scam erodes investor interest spurred by recap plan

The government's recapitalisation plan, announced on October 24, raised the PSU Bank Index to a high of Rs 3,965.60 by January 24

I-T sleuths question PNB's Sunil Mehta; CBI arrests Firestar's Vipul Ambani

The CBI also questioned an executive director of the PNB along with nine other officials

PNB crisis: RBI's Malegam-led panel to look into NPA divergence, bank fraud

The panel will be headed by former RBI board member Y H Malegam, who had also earlier led several RBI committees on important reform measures

PNB fraud: Govt to chase down those who cheat banking system, says Jaitley

Jaitley also questions role of auditors

PNB fraud impact: Fitch, Moody's place lender's rating under watch

Moody's has placed the bank's Baseline Credit Assessment (BCA) and adjusted BCA of ba3 and the Counterparty Risk Assessment (CRA) of Baa3(cr)/P-3(cr) under review for a downgrade

PNB fraud: Issuing of LoUs going on since 2008, CBI tells court

According to the remand report filed by the CBI, Tiwari was working as chief manager in Forex Department and was incharge during the period from 2015 to 2017

First big arrest in PNB fraud: Vipul Ambani, four others held by CBI

Ambani was arrested along with executive assistant Kavita Mankikar and Senior Executive Arjun Patil in connection with the first FIR registered by the agency

Relook risk management: Letter to BS on Rs 114-billion PNB scam

The recent fraud in PNB, and it is suspected that its contagion will affect several other Indian banks, is a classic example of operational risk faced by banks

Who is being protected in PNB fraud case: Letter to BS

Why are only low-level officers being questioned: Business Standard reader questions