Latest News on Letters Of Undertakings
Showing of 0 - 10 from 6 results
Letters Of Undertakings - Total results - 6
Mar 26, 2018
Punjab National Bank could be labelled defaulter if it doesn't pay Union Bank Rs 1,000 crore by 31 MarchThe Indian banking sector might just witness an unprecedented event, if Union Bank adds Punjab National Bank in its defaulters' list.
Feb 19, 2018
PNB fraud: CBI questions 11 bank officials, Nirav Modi's staffer Vipul Ambani; asks banks to report irregularities in LoUsCBI questioned 11 PNB officials as well as Vipul Ambani, the chief financing officer of diamond merchant Nirav Modi's Firestar Internationl company
Feb 16, 2018
All you need to know about LoUs, SWIFT code and why bank unions smell bigger fish behind PNB scamPNB had said the alleged fraud was carried out by two staffers by not entering the transactions in the bank's core banking solution
Feb 16, 2018
Punjab National Bank fraud: Nirav Modi case expands to around Rs 3,000 crore and 17 banksNirav Modi, the now-infamous billionaire diamond king did not just use Punjab National Bank to money launder Rs 280 crore but also managed to get an additional Rs 3,000 crore from around 17 banks
Feb 15, 2018
PNB Rs 11,400 cr scam: Reserve Bank of India, Sebi to seek help from Hong Kong regulatorsWhile PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on LoUs issued by PNB.
Feb 05, 2018
CBI books diamond merchant Nirav Modi, brother and wife in Rs 280-crore cheating caseThe CBI has booked billionaire diamond merchant Nirav Modi, his brother and wife and a business partner for allegedly cheating Punjab National Bank of over Rs 280.70 crore crore during 2017, officials said.