Page 8 - Nirav Modi Scam At Pnb

PNB scam: ED to seek immediate confiscation of Nirav Modi's Rs 70-bn assets

A court-issued non-bailable warrant is already pending against Modi and the ED has also moved the Interpol to get a global arrest warrant issued against him, sometime back

Rs 140-billion PNB-Nirav Modi fraud case: How money changed hands

The charge sheet was filed against Modi and 23 others associated with him

ED files charge sheet against Nirav Modi over $2-billion PNB fraud

The charge sheet also details the attachments made by the agency against Modi and his associates

Nirav Modi scam: PNB Ex-MD knew it all, could have averted Rs 130-bn fraud

In its 12,000-page charge sheet, CBI claims that Usha Ananthasubramanian and some other senior bank officials were aware about Nirav Modi's fraudulent dealings, but kept misleading RBI

Moody's downgrades PNB's rating due to Rs 144 bn-Nirav Modi fraud

Moody's estimates that PNB will require external capital of about Rs 120-130 billion in fiscal 2019 to meet the minimum Basel III CET1 ratio

CBI may seek red corner notice from Interpol against Nirav Modi, Choksi

The PNB had approached the CBI with a complaint on the basis of which the agency had registered an FIR against Modi

Wilful defaults by PNB's big borrowers slip further to Rs 152 bn by Apr-end

Big wilful defaulters are categorised by PNB as those borrowers with loan outstanding of Rs 2.5 million and over

PNB refuses to disclose details of Nirav Modi scam as it may hamper probe

The bank was asked to provide details of inspection that resulted in detection of the fraud and provide a copy of inspection reports

Nirav Modi scam: Sebi raps PNB for disclosure lapses in quarterly results

Regulator also cites delays in lender's filings with stock exchanges, but lets it off with a warning

CBI may file chargesheet against senior bank execs in PNB case: source

Following its probe, the Central Bureau of Investigation (CBI) will on Monday file a charge sheet in a court naming people who have allegedly violated Indian law by their involvement in the bank fraud

PNB scam: Bank of India starts proceedings to recover Rs 2 bn

Diamond merchants Nirav Modi and his uncle Mehul Choksi are alleged to have perpetrated the country's biggest banking sector scam of Rs 13 billion at Punjab National Bank, mainly by way of issuance of

PNB scam: ED refuses to share details of Nirav and Mehul's seized assets

The immunity given to the Enforcement Directorate under Section 24 of the RTI Act does not cover information pertaining to alleged corruption

PNB scam: ED refuses to share details of Nirav Modi, Mehul's seized assets

The immunity given to the Enforcement Directorate under Section 24 of the RTI Act does not cover information pertaining to alleged corruption

PNB's bad-loan woes mount to over Rs 151 bn on back of Nirav Modi fraud

The public sector lender has been putting out the names of wilful defaulters and firms since June 2017. Within ten months, these defaults have grown by 28%, from Rs 118.79 bn

The fear factor: An overzealous CBI could cramp decision-making in banks

Such over-vigilance is likely to have a debilitating impact on the decision-making process in Indian banks, especially in the state-owned ones

Credit underwriting norms tightened to curb frauds, says PNB

The second largest public sector lender had reported an alleged fraud of over Rs 130 billion by diamantaire Nirav Modi in February-March this year

Bank will bounce back from fraud hit in 6 months, says PNB Chief

In February, PNB reported the Rs 130 billion fraud committed by the accused diamantaire Nirav Modi and his uncle Mehul Choksi -- both of whom are on the run

Fraud-hit PNB to hire detective agencies to locate untraceable borrowers

The Delhi-headquartered bank has been at the receiving end of the over Rs 130 billion fraud involving diamond merchants Nirav Modi and Mehul Choksi

PNB scam: Govt intervenes in Nirav Modi firms' bankruptcy proceedings in US

Nirav Modi-owned Firestar Diamond Inc filed for bankruptcy in the US on February 27

114-bn PNB scam: Bank approaches Hong Kong HC against Nirav Modi

Hong Kong authorities have been approached and recovery writ has been filed against companies of Nirav Modi, the official said