PNB scam: ED issues summons to Nirav Modi's father, sister
The fraud was committed during 2011-17 by illegally issuing Letters of Undertaking (LoUs) and Foreign Letters of Credit (FLCs).
May 18, 2018, 15:24 PM IST
Sebi warns PNB for late disclosures regarding Nirav Modi scam
The Sebi's warning letter has been posted by the bank on stock exchanges as part of regulatory filing.
May 17, 2018, 15:05 PM IST
PNB Housing Finance more valuable than its parent PNB
The market capitalisation of PNB Housing Finance stood at Rs 21,199.07 crore and that of Punjab National Bank was at Rs 20,842.33 crore.
May 17, 2018, 13:10 PM IST
PNB scam: CBI files chargesheet against Mehul Choksi, Gitanjali group
CBI has also charged 16 other entities, besides Choksi and his companies.
May 16, 2018, 15:10 PM IST
CBI names ex-PNB CEO Usha Ananthasubramanian in Nirav Modi case
The over Rs 13,000 crore scam, considered to be the biggest ever fraud in India's history, came to light earlier this year.
May 14, 2018, 13:54 PM IST
BoI has Rs 200 crore exposure in PNB scam, initiates proceedings: CEO
The Centre has also intervened in the bankruptcy proceedings of Nirav Modi firms in the US to protect the interests of PNB.
May 08, 2018, 17:40 PM IST
PNB to intensify 'Gandhigiri', targets to recover Rs 150 cr NPAs per month
Under 'Mission Gandhigiri', a recovery mechanism launched by PNB in May 2017, a team visits the borrower's office or residence and sits there silently. Currently, there are 1,144 field staff members who are driving the mission.
Apr 22, 2018, 06:27 AM IST
PNB moves Hong Kong High Court seeking action against Nirav Modi, Mehul Choksi
The PNB is seeking the seizure of Nirav Modi's bank accounts and attaching his assets and businesses in Hong Kong.
Apr 21, 2018, 17:55 PM IST
PM Modi may become 'mauni baba' in India, but talks on foreign land: Shiv Sena
Sena said PM Modi should follow the advice of his predecessor Manmohan Singh and speak more often.
Apr 21, 2018, 09:48 AM IST
Nirav Modi in Hong Kong: MEA still awaiting response on request for extradition
While China has already said that basic laws would follow, Indian authorities say they are yet to hear about Nirav Modi and his arrest from Hong Kong.
Apr 12, 2018, 16:23 PM IST
PNB says internal probe into $2 billion fraud ongoing; more heads could roll
PNB has so far suspended 21 officials and Mehta said the bank was carrying out an investigation to find out how the fraud - the biggest in Indian banking history - went unnoticed for more than half a decade.
Apr 12, 2018, 12:50 PM IST
Provisional arrest of Nirav Modi from Hong Kong? China says basic law will be followed
Modi and Choksi had fled the country after the alleged bank fraud came to light.
Apr 09, 2018, 16:51 PM IST
PNB scam: Mumbai court issues non-bailable warrant against Nirav Modi, Mehul Choksi
In February 2018, it had emerged that the fraudulently issued Letters of Undertaking (LoUs) from the Mumbai branch of PNB in favour of Hong Kong branches of Allahabad Bank and Axis Bank. These letters helped facilitate Rs 280.7 crore fraud by jewellery designer Nirav Modi among others.
Apr 08, 2018, 16:25 PM IST
Nirav Modi in Hong Kong? Govt sends request for provisional arrest
A provisional arrest is made pending a formal extradition request.
Apr 06, 2018, 11:11 AM IST
PNB scam: CBI starts questioning senior officers of other Indian banks
In the last two days, CBI has questioned officers of GM and DGM rank of these banks who were in-charge of international operation and treasury.
Apr 02, 2018, 18:10 PM IST
Exporters may get relief soon as finance ministry asks RBI to review decision on LoU ban
RBI last month banned issuance of LoUs and Letters of Comfort (LoC), used extensively for trade finance, following the unearthing of Nirav Modi fraud case.
Apr 02, 2018, 12:49 PM IST
Defamation case against Rahul Gandhi for comparing PM Narendra Modi with Nirav Modi
The case against the Gandhi scion was filed by BJP leader Shalabh Mani Tripathi.
Mar 31, 2018, 00:11 AM IST
Banks write to RBI post LoU ban; seek relief for small and medium enterprises
Reserve Bank of India this month banned issuance of LoUs and Letters of Comfort (LoC), used extensively for trade finance, following the unearthing of Nirav Modi fraud case.
Mar 30, 2018, 14:39 PM IST
Finance Ministry asks RBI to help ease industry troubles post-LoU ban
FinMin has asked RBI to look into the problems being faced by industry and banks by the abrupt ban on LoUs.
Mar 29, 2018, 21:01 PM IST