Page 36 - Nirav Modi Scam At Pnb

PNB fraud: Rs 49-bn unexplained funds in Nirav Modi, Choksi firms, says I-T

PNB executives had opened fraudulent letters of undertakings (LoUs) without authority on behalf of firms belonging to the Nirav Modi group

Rs 114-bn scam: Pay up dues to banks for claims against LoUs, RBI tells PNB

RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities

Rs 114-bn PNB fraud: People, not processes, responsible, say bankers

Bankers say it is the nature of the business of public sector banks that makes them susceptible to fraud

Rs 114-bn PNB fraud: Congress, BJP lock horns over Nirav Modi link

Senior BJP leader and Law Minister Ravi Shankar Prasad rebutted the Congress's allegations on the issue

PNB fraud: What India's biggest sham transaction means for banking sector?

The government recently extended a $14 billion bailout to ailing state banks as part of a broader $32 billion rescue plan

Gitanjali tanks 20% for second straight day; PNB hits fresh 52-week low

PNB hit a fresh 52-week low of Rs 123 on BSE in intra-day trade, falling 23% in past three trading sessions from Rs 162 on Monday.

PNB scam: How Nirav Modi, one of India's richest men executed a $2 bn fraud

With several questions still unanswered, here's what we know about the PNB fraud case

Scam worth Rs 110 bn: PNB detects fraud transactions; stock price drops 10%

The scam could turn out to be the biggest scam in Indian corporate history

Rs 110-bn PNB fraud: Govt asks banks to submit status report by weekend

The bank has detected some fraudulent transactions in one of its branches in Mumbai for the benefit of a few select account holders with their apparent connivance, PNB said

PNB suspends deputy manager, 9 others after uncovering Rs 110-bn fraud

Earlier in the day, the state-owned lender said that they had cracked a case of swindling, which was contingent in nature

PNB's Rs 110-bn fraud case isn't out-of-control, says FinMin official

Punjab National Bank (PNB) disclosed that it has detected some fraudulent transactions with financial implication of USD 1.171 billion and the matter has been referred to law enforcement agencies

PNB's $1.8 bn fraud at its Mumbai branch can spread to other banks too

The case poses further questions about the health of India's other banks, that are already grappling with one of the worst ban-loan ratios among big economies

CBI gets 2 complaints against Nirav Modi, company about Rs 100 billion

State-run Punjab National Bank (PNB) said it had detected some 'fraudulent and unauthorised' transactions worth about $1.77 billion at one of its branches in Mumbai

PNB detects $1,772 million fraudulent transactions; stock slips 7%

The stock slipped 7% to Rs 150 after the state-owned bank said that it had detected some fraudulent and unauthorised transactions worth about Rs 1.13 trillion ($1771.69 million approx).

PNB detects $1.77 bn fraud: Money siphoned off overseas from Mumbai branch

The bank did not name the people involved but said it had reported the deals to law enforcement agencies

CBI registers Rs 800-million bank fraud case against PNB officials

The cases relate to four branches of the bank in Bhopal and Ujjain in Madhya Pradesh

CBI books jeweller Nirav Modi in a Rs 2.8-bn cheating case related to PNB

Banks said his firm fraudulently issued eight LOUs totalling $44.2 million for Hong Kong-based Allahabad Bank and Axis Bank