Page 33 - Nirav Modi Scam At Pnb

PNB loses m-cap worth Rs 87.31-bn after shares slump for third session

In the last three trading sessions, the company m-cap saw a total erosion of Rs 8,731.5 crore. This is more than 6-times of the company's full-year net profit of Rs 1,324 crore recorded in FY 2016-17

PNB won't breach PCA criteria on capital even in worst case scenario: CEO

PNB has lot of resources, including non-core assets, to fix the problem, says Sunil Mehta

Four PNB officials being examined by CBI; names 3 companies in fresh FIR

CBI conducted raids at several locations of Geetanjali Jewelers

Gitanjali Group cheated PNB of Rs 48.86 bn, says CBI after filing fresh FIR

CBI searches premises of Gitanjali group of companies at 20 locations in six cities; approaches Interpol

Gitanjali Group cheated PNB of Rs 48.86 bn, says CBI after filing fresh FIR

The officials also said the central agency approached the Interpol with a request for issuing Diffusion Notice which was aimed at locating an individual

YES Bank confirms 'nil' exposure to entities involved in jewellery fraud

The Union Bank was among other banks that were said to have offered credit based on Letters of Undertakings (LoUs) issued by PNB

PNB Rs 114 bn fraud impact: 54% customers prefer private banks to govt ones

Amid the blame game between Punjab National Bank and other affected lenders, the elaborate web of deception has left bank customers perplexed

PNB suspends eight more officials, to repay other banks by March-end

He said PNB will settle liabilities towards other banks by March end and no further capital infusion would be needed as these would be funded from internal resources

SBI discloses Rs 13.6-bn exposure in LoU issued by PNB to Nirav Modi

SBI Chairman Ranjish Kumar said the bank has some exposure on Gitanjali Gems, owned by Mehul Choksi, uncle of Nirav Modi

Sebi launches probe into trading, disclosure issues at PNB, Gitanjali Gems

Sebi accords utmost importance to market conduct and integrity. Anyone found violating the securities laws will be dealt with firmly, a regulatory official said

PNB fraud: Nirav Modi and Mehul Choksi's passports suspended for a month

Nirav Modi and Choksi have been asked to respond within one week as to why their passports should not be impounded or revoked

PNB fraud case: ED issues summons to Nirav Modi, Mehul Choksi under PMLA

While Modi runs the jewellery brand chain under his name, Choksie is the promoter of Gitanjali Gems

After Nirav Modi scam at PNB, fear of sweetheart deals at other banks too

The case surfaced as a rule change by RBI in early January forced PNB to tap Nirav Modi and other importers for more margin money, and a query from the central bank about two 'tainted' PNB officials

All you need to know about Nirav Modi, India's jeweller to Hollywood stars

Nirav Modi's name is a stamp of corporate India's growing global prestige.

I am cautious on public sector banks now: Saibal Ghosh

Interview with chief investment officer at Aegon Life Insurance

PNB fraud case: Bankers, not bureaucrats, should run India's banks

The New Delhi bureaucrat who runs India's banking sector says this is an "isolated" incident

Rs 114-bn PNB fraud: In hunt for Nirav Modi, CBI reaches out to Interpol

Officials said the CBI approached the Interpol with a request for issuing Diffusion Notice, which was aimed at locating an individual

Nifty PSU Bank hits over three-month low; down 26% from 52-week high

PNB, Union Bank of India, Corporation Bank, Dena Bank, Bank of Maharashtra and Syndicate Bank hit their respective 52-week lows on the NSE.

PNB scam won't affect recap plan, bank can take Rs 114-bn hit: Govt sources

'The bank will get its recapitalisation share of Rs 50 billion, as allocated earlier,' stated the FinMin sources

PNB fraud case: CBI conducts searches at 20 locations of Geetanjali group

Geetanjali group is promoted by Mehul Choksi