The bank’s CEO Sunil Mehta told in April he had suspended 21 officials and “will not spare” others found involved in lapses.
20 Jun 2018 11:04 AM
Fitch and Moody's warned scam-hit PNB of rating downgrades, citing likely networth erosion and widening losses.
20 Feb 2018 3:07 PM
In the letter that Nirav Modi wrote on February 15/16 to PNB, he pegged the amount his companies owe to the bank is under Rs 5,000 crore.
20 Feb 2018 8:20 AM
RBI had also earlier declined to share inspection reports for scam-hit PNB.
21 May 2018 8:40 AM
You may have already been scammed and the scamster is probably laughing on his way to the bank.
08 Jul 2017 10:29 AM
Rotomac-owner Vikram Kothari took loans of Rs 352 crore from Kanpur branch of Allahabad Bank and Rs 485 crore from three other banks.
18 Feb 2018 8:33 PM
Billionaire jeweller Nirav Modi seen behind fraud; CBI, ED probing case.
15 Feb 2018 2:10 AM
Fitch Ratings has placed PNB's Viability Rating of 'bb' on Rating Watch Negative, following the large fraud reported by the bank.
20 Feb 2018 11:21 AM
In March, PNB agreed to pay 65 billion rupees ($996 million) to counterparty banks.
12 Apr 2018 8:40 AM
PNB has entered into agreements in relation to the said transactions on Friday.
29 Mar 2019 11:59 AM
PNB has suspended 10 officers over the USD 1.77 billionscam and referred matter to CBI for investigation.
15 Feb 2018 10:11 AM
CBI said applications for such letters were made from Vipul Ambani’s South-Central Mumbai office.
22 Feb 2018 9:14 AM
The RBI did not immediately respond to a request for comment on Monday, which was a holiday in Mumbai. A FinMin spokesman declined comment.
19 Feb 2018 9:40 PM
Gandhi said that such a big scam could not have taken place without the knowledge or protection of people within the government.
18 Feb 2018 6:43 AM
ED teams raided three sites in Surat, four in Mumbai and two in Delhi on Thursday morning.
15 Feb 2018 11:46 AM
Lawyer Vijay Aggarwal said the state-owned bank had regularly levied fees on its dealings with the jeweller’s firms.
20 Feb 2018 1:20 PM
Bank had earlier put the defrauded amount at Rs 11,394.02 crore (USD 1.77 billion).
27 Feb 2018 1:43 PM
PNB had received Rs 5,473 crore recap funds last year during the first round of infusion.
04 Jun 2018 9:18 AM
Nirav Modi and his uncle Mehul Choksi duped PNB of Rs 14,000 crore through issuance of fraudulent LoUs.
02 Oct 2018 5:38 PM
Failure to notice largest fraud in Indian banking history reveals a 'rot' in the state financial sector, said an ex-PNB official.
19 Feb 2018 11:09 AM