Letters Of Undertakings
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PNB Rs 11,400 cr scam: Reserve Bank of India, Sebi to seek help from Hong Kong regulators
•While 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.

CBI books diamond merchant Nirav Modi, brother and wife in Rs 280-crore cheating case
•The 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.


