Punjab National-bank-fraud

Showing of 1 - 20 from 47 results
Punjab National-bank-fraud - Total results - 47
PNB Fraud Case; Nirav Modi Arrested Updates: UK court refused bail to diamantaire saying he may not surrender, say reports
Business

PNB Fraud Case; Nirav Modi Arrested Updates: UK court refused bail to diamantaire saying he may not surrender, say reports

PNB Fraud Case; Nirav Modi Arrested LIVE Updates: District Judge Marie Mallon remanded Nirav Modi in custody till 29 March, saying there was substantial grounds to believe that he would fail to surrender if granted bail.

Punjab National Bank to turn profitable in FY19; Nirav Modi scam a bygone: MD and CEO Sunil Mehta
Business

Punjab National Bank to turn profitable in FY19; Nirav Modi scam a bygone: MD and CEO Sunil Mehta

Nirav Modi and his uncle Mehul Choksi duped PNB of Rs 14,000 crore through issuance of fraudulent Letters of Undertaking (LoUs), in connivance with certain bank officials.

Punjab National Bank fraud: Nirav Modi gets one month to file reply to ED plea seeking to declare him 'fugitive'
Business

Punjab National Bank fraud: Nirav Modi gets one month to file reply to ED plea seeking to declare him 'fugitive'

A special court Tuesday directed diamantaire Nirav Modi, a key accused in the multi-billion PNB fraud case, to file his reply on 29 October

Punjab National Bank fraud: UK confirms Nirav Modi's presence in its territory, CBI sends extradition request
Business

Punjab National Bank fraud: UK confirms Nirav Modi's presence in its territory, CBI sends extradition request

The United Kingdom has confirmed the presence of Nirav Modi, the main accused in the $2 billion Punjab National Bank (PNB) fraud case, in its territory

PNB fraud: Mumbai court issues non-bailable warrants against Gitanjali Gems boss Mehul Choksi, five others
Business

PNB fraud: Mumbai court issues non-bailable warrants against Gitanjali Gems boss Mehul Choksi, five others

Jeweller Mehul Choksi's firms allegedly inflated the value of low quality goods exported from India

Punjab National Bank fraud: Enforcement Directorate files chargesheet against Mehul Choksi, 13 other entities
Business

Punjab National Bank fraud: Enforcement Directorate files chargesheet against Mehul Choksi, 13 other entities

Along with Mehul Choksi, eight individuals and five companies have been charged under Section 4 of the Prevention of Money Laundering Act (PMLA)

PNB fraud: Hackers access e-mails of CBI Joint Director Rajiv Singh who oversaw Nirav Modi probe, says report
Business

PNB fraud: Hackers access e-mails of CBI Joint Director Rajiv Singh who oversaw Nirav Modi probe, says report

Rajiv Singh's computer has reportedly been seized and the state cyber-crime unit is probing the matter

Punjab National Bank fraud: CBI officer probing Nirav Modi case prematurely repatriated to Tripura cadre
Business

Punjab National Bank fraud: CBI officer probing Nirav Modi case prematurely repatriated to Tripura cadre

CBI Joint Director Rajiv Singh, who is overseeing a probe into PNB scam has been prematurely repatriated to his home cadre of Tripura

Punjab National Bank logs further spike in wilful defaults by big borrowers; pegs pain at Rs 15,199 crore by April-end
Business

Punjab National Bank logs further spike in wilful defaults by big borrowers; pegs pain at Rs 15,199 crore by April-end

State-run Punjab National Bank (PNB) saw wilful defaults by big borrowers growing further to Rs 15,199.57 crore in April this year over the previous month

PNB fraud: Enforcement Directorate  summons Nirav Modi's family members as agency readies its first chargesheet
Business

PNB fraud: Enforcement Directorate summons Nirav Modi's family members as agency readies its first chargesheet

ED has issued summons to absconding Nirav Modi's father Deepak Modi, sister Purvi Mehta and her husband Mayank Mehta as part of its probe in PNB fraud

PNB fraud: US court calls for probe of troubled lender's employees before deciding on bankruptcy proceedings
Business

PNB fraud: US court calls for probe of troubled lender's employees before deciding on bankruptcy proceedings

A US court has called for an investigation into the role of PNB employees in the alleged fraud involving diamantaire Nirav Modi and his companies.

RBI says over 23,000 cases of bank frauds involving whopping Rs 1 lakh crore reported in last five years
Business

RBI says over 23,000 cases of bank frauds involving whopping Rs 1 lakh crore reported in last five years

Over 23,000 cases of fraud involving a whopping Rs 1 lakh crore have been reported in the past five years in various banks, according to RBI

PNB fraud fallout: Lender tightens internal audit controls; separates loan appraisal and monitoring teams
Business

PNB fraud fallout: Lender tightens internal audit controls; separates loan appraisal and monitoring teams

PNB said that it has strengthened internal audit controls by having separate pre-sanction appraisal and post sanction monitoring teams for credit disbursal

PNB scam: Income Tax Department asks tax havens to furnish account details of fraudster Nirav Modi
Business

PNB scam: Income Tax Department asks tax havens to furnish account details of fraudster Nirav Modi

I-T department is reportedly set to launch legal action against Nirav Modi, who is wanted in connection with PNB fraud, under Black Money Act

PNB fraud: Beijing won't interfere in Nirav Modi episode, says Hong Kong free to extradite fraudster if need be
Business

PNB fraud: Beijing won't interfere in Nirav Modi episode, says Hong Kong free to extradite fraudster if need be

China said that Hong Kong can accede to India's request to arrest fugitive Nirav Modi based on local laws and mutual judicial assistance agreements

PNB fraud: SC to decide maintainability of PIL seeking court-monitored probe into over Rs 11,000 crore scam
Business

PNB fraud: SC to decide maintainability of PIL seeking court-monitored probe into over Rs 11,000 crore scam

SC said it will decide whether PIL seeking a court-monitored probe into over Rs 11,000 crore Punjab National Bank (PNB) fraud case is maintainable or not

CBI quizzes former RBI deputy governor HR Khan over PNB fraud, 80:20 gold import scheme
Business

CBI quizzes former RBI deputy governor HR Khan over PNB fraud, 80:20 gold import scheme

The CBI questioned a former deputy governor of RBI in connection with Rs 13,500 crore PNB fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi

PNB fraud: Bank aims to recover losses incurred due to Nirav Modi scam within 6 months, says MD and CEO Sunil Mehta
Business

PNB fraud: Bank aims to recover losses incurred due to Nirav Modi scam within 6 months, says MD and CEO Sunil Mehta

PNB is hopeful to recover losses incurred due to the fraud of around Rs 14,000 crore allegedly perpetuated by Nirav Modi, Mehul Choksi and their firms

PNB scam: RBI says it has conducted scrutiny, matter currently under examination for 'enforcement action'
Business

PNB scam: RBI says it has conducted scrutiny, matter currently under examination for 'enforcement action'

With multiple agencies probing the PNB fruad, RBI says it has conducted its scrutiny and the matter is currently under examination for "enforcement action"

Punjab National Bank could be labelled defaulter if it doesn't pay Union Bank Rs 1,000 crore by 31 March
Business

Punjab National Bank could be labelled defaulter if it doesn't pay Union Bank Rs 1,000 crore by 31 March

The Indian banking sector might just witness an unprecedented event, if Union Bank adds Punjab National Bank in its defaulters' list.