Well known jewelry designer, Nirav Modi, who is at the center of a money laundering case linked to over $2 billion Punjab National Bank fraud, has fle...
ED Files Charge-Sheet on PNB Scam, naming 24 people including Nirav Modi
"The directors and shareholders in these companies were also dummy and were employed in Nirav's Firestar group of companies. They were working as per ...
CBI Questioned RBI’s Deputy Governor in PNB-Nirav Modi Case
The CBI questioned the Reserve Bank of India's (RBI) former Deputy Governor Harun Rashid Khan in connection with Rs 13,500 crore Punjab National Bank ...
PNB to Stake Claim in The Insolvency Proceedings of Nirav Modi’s Company
Punjab National Bank (PNB) plans to take part in the bankruptcy proceeding of Firestar Diamond, Nirav Modi's firm. The bank is exploring all options f...
RBI Bars Banks from Issuing LoUs Over PNB -Nirav Modi Fraud Case Fallout
Letters of Credit and Bank Guarantees for Trade Credits for imports into India may continue to be issued subject to compliance with the provisions con...
PNB Scam Might Result in Even More Tight Lending Norms: PHDCCI
Anil Khaitan also said he is surprised how the banks' internal audit system failed to detect anomalies in transactions leading to the alleged fraudule...
Finance Ministry Issues a Notification for State-Run Banks to Examine All NPAs Above Rs. 50 Cr
Financial Services Secretary Rajeev Kumar also said that executive directors and chief technological officers of the PSBs have to prepare a blueprint...
The Bigger Dent of Nirav Modi- PNB Fraud On Economy
Investigative agencies have prioritised this issue and working hard to crack down on both groups and attaching their assets, many other banks, in addi...
Crying Entrepreneur and PNB-Scam, Two Extremes of Country’s Banking Struggle
We can also leverage the social fabric of the country in understanding borrowers. Big data offers such level of screening which can allow someone to s...