Cbi On-pnb-case

Showing of 1 - 20 from 4 results
Cbi On-pnb-case - Total results - 4
RBI asks banks to integrate SWIFT in core banking system by April end, says former PNB chief
Business

RBI asks banks to integrate SWIFT in core banking system by April end, says former PNB chief

Admitting that failure of linkage of SWIFT to core banking system (CBS) could have led to Rs 11,400 crore fraud at Punjab National Bank, the former head of the scam-hit lender on Friday said there was an urgent need for banks to revisit their surveillance system and plug the loopholes

PNB fraud: Bank asks Nirav Modi to revert with a concrete, implementable plan to settle dues
Business

PNB fraud: Bank asks Nirav Modi to revert with a concrete, implementable plan to settle dues

Nirav Modi in his letter to the bank had said that the over-zealousness on the part of the bank to deal with the issue destroyed his jewellery brand and also jeopardised his ability to clear the dues.

PNB Rs 11,000 cr fraud: Banks reward wrongdoers if they make profit, cry foul when there are losses, says former RBI deputy K C Chakrabarty
Business

PNB Rs 11,000 cr fraud: Banks reward wrongdoers if they make profit, cry foul when there are losses, says former RBI deputy K C Chakrabarty

The PNB fraud is a result of long-followed poor risk management systems and inefficient auditing practices

Rs 11,000 cr Nirav Modi case: How Punjab National Bank fell victim to one of India's biggest bank frauds
Business

Rs 11,000 cr Nirav Modi case: How Punjab National Bank fell victim to one of India's biggest bank frauds

Punjab National Bank has accused three companies - Solar Exports, Stellar Diamonds and Diamond R US - it said belong to Nirav Modi.