Brady House Branch

PNB fraud: Nirav Modi's firms availed loans from lender's Hong Kong, Dubai branches too, says internal report

Nirav Modi group's exposure was not limited to only PNB's Brady House branch in Mumbai, as the firms had availed loan facility from its Hong Kong and Dubai branches too, according to an internal report of the bank submitted to investigative agencies

PNB fraud case: Special CBI court in Mumbai issues non-bailable warrants against Nirav Modi, Mehul Choksi

A special CBI court in Mumbai has issued non-bailable warrants (NBWs) against billionaire diamantaire Nirav Modi and his uncle Mehul Choksi in connection with the cases related to over $2 billion banking fraud in the Punjab National Bank, officials said in New Delhi

PNB set to take legal action against staff who bought assets, opened accounts abroad to help Nirav Modi

For the bank it will not be easy to pursue the transaction trail and recover the siphoned-off money as the investigating agencies do not have jurisdiction over foreign soil.

PNB fraud effect: Punjab National Bank puts in place 3-tier SWIFT process post Rs 12,700 cr scam

PNB fraud, the biggest in the Indian banking sector, is alleged to have been perpetrated by way of fraudulent Letters of Understanding.

PNB head Sunil Mehta appears before SFIO in connection with Rs 12,636 cr Nirav Modi scam

Punjab National Bank Managing Director and CEO Sunil Mehta on Wednesday appeared before the Serious Fraud Investigation Office (SFIO) here after being summoned for recording his statement in connection with the Rs 12,636 crore fraud at the bank

RBI and other agencies missed warning signs, failed to detect Rs 12,700-cr Punjab National Bank fraud

Reuters has uncovered new evidence that shows the RBI also failed for years to either detect the fraud or respond adequately to red flags in the banking system.

PNB scam: Hong Kong branch did not have exposure to Nirav Modi, Mehul Choksi companies, says SBI

SBI was responding to news dated 18 and 19 February 19, 2018 in some section of media that said the bank's Hong Kong branch has exposure in PNB scam

Sensex opens 100 points up, Nifty in green, all PSU banks trade in red; focus on share price of Gitanjali Gems

Shares of PNB, too, declined after the Central Bureau of Investigation on Monday sealed the Brady House Branch of the bank

PNB fraud case: Mumbai court remands Vipul Ambani, and five others arrested, to CBI custody till 5 March

The six were arrested on Tuesday in connection with the PNB fraud case in two FIRs registered by the CBI involving Nirav Modi and his uncle Mehul Choksi, the owner of Gitanjali Gems.

PNB scam: CBI court sends 3 bank officials to police custody till 3 March; Nirav Modi's bungalow searched

A special CBI court on Tuesday sent three Punjab National Bank officials arrested in connection with the Rs 11,300-crore fraud in police custody till 3 March.