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Indian banks may lose over Rs 19,000 cr due to Punjab National Bank fraud, estimates tax department
Business

Indian banks may lose over Rs 19,000 cr due to Punjab National Bank fraud, estimates tax department

Indian banks could take a hit of more than Rs 19,272 crore ($3 billion) from loans and corporate guarantees provided to diamond companies at the centre of a massive alleged fraud at the state-run PNB

ED raids Nirav Modi's Geetanjali Gems showroom in Patna, seizes diamond jewellery worth Rs 2 crore
Business

ED raids Nirav Modi's Geetanjali Gems showroom in Patna, seizes diamond jewellery worth Rs 2 crore

The ED team started the raid at around midnight and continued till 8 am on Saturday