Punjab National Bank

Rs 90 crore was exchanged for billions at PNB hours before PM announced notes ban: Majeed Memon

Rs 90 crore was exchanged for billions at PNB hours before PM announced notes ban: Majeed Memon

Calling for an investigation into the alleged incident, Memon said that this was reported during the time absconding billionaire jeweller Nirav Modi left India.

Feb 25, 2018, 14:01 PM IST
Frauds push ease of doing business to background, scars take front seat: Arun Jaitley

Frauds push ease of doing business to background, scars take front seat: Arun Jaitley

Jaitley said that the unethical behaviour in the lender-borrower relation needs to end.

Feb 24, 2018, 12:47 PM IST
PNB fraud accused Mehul Choksi letter to employees: Full text

PNB fraud accused Mehul Choksi letter to employees: Full text

Mehul Choksi said he is facing a lot of problems due to the manner in which the multiple investigating agencies and government agencies are creating a "havoc, hell bent upon stopping the operations".

Feb 24, 2018, 11:50 AM IST
PNB fraud fallout: Priyanka Chopra terminates contract with Nirav Modi's brand

PNB fraud fallout: Priyanka Chopra terminates contract with Nirav Modi's brand

Nirav Modi, Mehul Choksi and others are being investigated by multiple probe agencies.

Feb 23, 2018, 15:15 PM IST
Finance Ministry writes to Hong Kong banks over PNB LOUs

Finance Ministry writes to Hong Kong banks over PNB LOUs

The development comes over the PNB fraud case worth over Rs. 11,000 crore, which was allegedly committed by famous jeweller Nirav Modi.

Feb 23, 2018, 13:25 PM IST
Notice to Nirav Modi sent on email also: External Affairs Ministry

Notice to Nirav Modi sent on email also: External Affairs Ministry

Nirav Modi is one of the accused in the over Rs 11,000 crore PNB scam.

Feb 22, 2018, 23:59 PM IST
Nirav Modi's 'valuable' paintings are fake, suspect investigative agencies

Nirav Modi's 'valuable' paintings are fake, suspect investigative agencies

Nirav is being investigated by multiple probe agencies after the fraud came to light recently following a complaint by the Punjab National Bank.

Feb 22, 2018, 19:33 PM IST
PNB fraud: National Financial Reporting Authority to be notified soon

PNB fraud: National Financial Reporting Authority to be notified soon

Creation of National Financial Reporting Authority (NFRA) was proposed in Companies Act 2013, but the body never came into existence.

Feb 22, 2018, 14:03 PM IST

Let us give Nirav Modi and Mehul Choksi companies to their employees, make them cooperatives

Let’s learn from Amul. It is a romantic idea for a corporate rescue but one that may deserve attention.

Feb 22, 2018, 13:44 PM IST
PNB fraud: CBI seals luxury farmhouse of jeweller Nirav Modi in Mumbai's Alibaug

PNB fraud: CBI seals luxury farmhouse of jeweller Nirav Modi in Mumbai's Alibaug

The CBI on Wednesday sealed a luxury property of billionaire Nirav Modi in Alibaug area near Mumbai.

Feb 21, 2018, 21:56 PM IST
Look for new jobs: Billionaire jewellers Nirav Modi and Mehul Choksi to their employees

Look for new jobs: Billionaire jewellers Nirav Modi and Mehul Choksi to their employees

Nirav Modi and Mehul Choksi are being investigated by multiple probe agencies after it recently came to light that they allegedly cheated Punjab National Bank to the tune of Rs 11,400 crore.

Feb 21, 2018, 18:17 PM IST
PNB Scam: Nirav Modi's employees used code language to discuss LoUs and transactions

PNB Scam: Nirav Modi's employees used code language to discuss LoUs and transactions

An LoU is a guarantee which is given by the issuing bank to Indian banks having branches abroad to grant short-term credit to the applicant.

Feb 21, 2018, 14:21 PM IST
SC to hear PIL seeking deportation of Nirav Modi today

SC to hear PIL seeking deportation of Nirav Modi today

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

Feb 21, 2018, 10:15 AM IST
PNB scam: CBI arrests Punjab National Bank GM rank officer Rajesh Jindal

PNB scam: CBI arrests Punjab National Bank GM rank officer Rajesh Jindal

Jindal was holding the charge of Branch Head at PNB Brady House branch, Mumbai during August 2009 to May 2011.

Feb 21, 2018, 08:51 AM IST
PNB fraud: CBI arrests five senior executives of Nirav Modi and Mehul Choksi's companies

PNB fraud: CBI arrests five senior executives of Nirav Modi and Mehul Choksi's companies

RBI said on Tuesday that it had 'confidentially' cautioned banks thrice since August 2016 on the risks arising from the malicious use of SWIFT system.

Feb 20, 2018, 22:25 PM IST
Government will chase down cheaters: Arun Jaitley breaks silence on PNB fraud

Government will chase down cheaters: Arun Jaitley breaks silence on PNB fraud

Finance Minister Arun Jaitley on Tuesday questioned the ethics of some businesses in the country.

Feb 20, 2018, 21:29 PM IST
Issued at least 3 warnings in 18 months about SWIFT-related fraud: RBI

Issued at least 3 warnings in 18 months about SWIFT-related fraud: RBI

RBI also announced the constitution of a high-level committee to look into the rising cases of fraud in the Indian banking system.

Feb 20, 2018, 20:20 PM IST
Moody's places PNB under review for downgrade

Moody's places PNB under review for downgrade

The bank overall has a Baa2 rating with a stable outlook now from Moody's.

Feb 20, 2018, 13:15 PM IST
CJI Dipak Misra-led SC bench to hear Punjab National Bank scam case on Friday

CJI Dipak Misra-led SC bench to hear Punjab National Bank scam case on Friday

The Supreme Court will hear a PIL seeking SIT probe into the Punjab National Bank scam.

Feb 20, 2018, 11:11 AM IST
Fitch places PNB on 'Rating Watch Negative' with downgrade possibility

Fitch places PNB on 'Rating Watch Negative' with downgrade possibility

The Viability Rating measures credit worthiness of a financial institution and reflects the likelihood of the entity to fail.

Feb 20, 2018, 10:59 AM IST