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Officials said 13 more people were questioned on Thursday in addition to the questioning of those who are in CBI custody. (Photo: PTI/File)

CBI arrests another PNB official, 'seizes' docs from Mumbai 'chawl'

Internal Chief Auditor (Retd) Bishnubrata Mishra was responsible for auditing the procedures and practices followed in the PNB branch.

02 Mar 2018 8:48 AM

Punjab National Bank (PNB)will take care of problems emanating from Rs 13,000-crore fraud perpetrated by billionaire jeweller Nirav Modi on its own and will not seek any government's assistance, its managing director Sunil Mehta said.

Nirav Modi fraud is bank's issue; will not seek govt support: PNB MD

The bank has enough resources and capability to meet the challenges posed by the fraud of this nature, he said.

09 Apr 2018 7:30 PM

The finance ministry is hopeful of Punjab National Bank making a quick recovery in the first quarter of the current fiscal.

Finance ministry hopeful of PNB rebounding in Q1

The ministry is keeping a tight watch on the bank’s performance so as not to let the bank slip into further mess.

23 Apr 2018 12:19 PM

PNB said on Thursday that markets regulator Sebi has warned it for delay in disclosures to stock exchanges about the USD 2 billion fraudulent transactions allegedly carried out by Nirav Modi and Gitanjali Group of companies.

Sebi warns PNB for late disclosures in Nirav Modi scam

The PNB was defrauded of over USD 2 billion allegedly by diamond trader Nirav Modi.

17 May 2018 5:06 PM

The chargesheet names managing director of Gitanjali group Mehul Choksi, former PNB managing director and CEO Usha Ananthasubramanian and two serving executive directors of PNB, Brahmaji Rao and Sanjiv Sharan, and PNB deputy manager Gokulnath Shetty among others. (Photo: File)

PNB scam: Court orders issuance of non-bailable warrant against Mehul Choksi

The second chargesheet has been registered for a total amount of Rs 7,080.86 crore, covering 142 LOUs and 58 foreign letters of credit.

23 May 2018 1:13 PM

State-run Punjab National Bank (PNB) on Wednesday said it is in negotiation with a few government departments, including income tax and central excise, to sell its erstwhile headquarters situated at the Bhikaji Cama Place in New Delhi.

PNB in talks with I-T, excise departments to sell erstwhile headquarters

The lender expects to raise nearly Rs 700-800 crore from the sale of its earlier head office in the national capital.

08 Aug 2018 7:32 PM

RJD chief Lalu Yadav on way to the special CBI Court in Ranchi.

Lalu woes: Another fodder scam case verdict on January 24

Jailed RJD chief has sought bail from HC; lone case filed against him in Patna has reached stage of examination of evidence.

22 Jan 2018 2:00 AM

Cong President Rahul Gandhi said the entire country was keen to know the 'secret behind his silence' and alleged that it screams out loudly where his loyalties were. (Photo: File)

Cong calls PM 'Maun Modi', questions his silence on Nirav Modi bank scam

Rahul attacked the PM's 'silence' on PNB fraud, questioned where 'country's watchman' was when Nirav Modi fled like Vijay Mallya.

20 Feb 2018 10:33 AM

West Bengal CM Mamata Banerjee (Photo: PTI)

PNB scam is just the tip of the iceberg, says Mamata Banerjee

The ED carried out raida at Gitanjali Jewels stores owned by Mehul Choksi, another accused in the PNB scam, in the city.

19 Feb 2018 6:08 AM

He is alleged to be the beneficiary of funds siphoned off, instrumental in introducing dummy partners and changing pattern of partnership structure of companies, sources said. (Photo: Nirav Modi website)

CBI starts Nirav Modi’s kin extradition process

According to sources, the Central probe agency moved the extradition request of Modi to the Union home ministry on Friday.

11 Sep 2018 12:44 AM

The Ministry of External Affairs on Friday suspended validity of passports of Nirav Modi and his business partner and uncle Mehul Choksi with immediate effect for a period of four weeks. (Facebook screengrab/NIRAVMODI)

PNB scam: 200 shell firms probed, ED raids 45 sites

The ED conducted searches at 45 premises, including jewellery showrooms and workshops allegedly linked to the accused, across the country.

19 Feb 2018 2:26 AM

Only on Thursday, the agency seized deposits, shares and luxury cars worth over Rs 100 crore of the businesssman and his group. (Photo: File)

PNB fraud: ED freezes Nirav Modi group’s deposits, shares worth Rs 44 cr

ED also seizes a huge collection of imported watches from locations linked to the billionaire diamantaire.

23 Feb 2018 1:10 PM

The Punjab National Bank detected a USD 1.77 billion scam in which Modi acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders. (Photo: File)

PNB scam: 6 accused, including retd GM in 14-day judicial custody

Gokulnath Shetty and another bank employee Manoj Kharat issued eight letters of understanding worth over Rs 280 crores to Nirav Modi.

03 Mar 2018 6:25 PM

Ex-CEO of Allahabad bank granted bail in PNB scam

The government on August 13 dismissed Ananthasubramanian from service.

21 Aug 2018 1:55 AM

PNB customers will have to shell out money beginning October if they carry out more than five transactions a month from the bank's ATMs.

PNB customers to pay for more than 5 ATM transactions from October

The revised charges will be effective from October 1, 2017, the bank said in a notice.

10 Sep 2017 4:33 PM

CBI has received two complaints from PNB against billionaire jewellery designer Nirav Modi and a jewellery company about fraudulent transactions. (Photo: Facebook)

PNB detects Rs 11,000Cr fraud, Nirav Modi to face fresh CBI probe

Nirav Modi is already being investigated by the CBI for alleged cheating and fraud involving Rs 280 crore at a PNB branch.

14 Feb 2018 7:59 PM

On January 31, the CBI had registered an FIR against Nirav Modi, his companies, and diamond jeweller Mehul Choksi. Later, the ED also started its probe. (Photo: PTI)

PNB fraud: Court allows ED plea for LRs to probe Nirav assets

Letters Rogatory (LRs) are a request from a court of a sovereign nation to a court of another sovereign nation.

26 Feb 2018 4:57 PM

Ms Ananthasubramanian, who was recently elected as the chief of Indian Banks’ Association, had held senior positions in the PNB where Mr Modi and Mehul Choksi were allegedly getting fraudulent guarantees since 2011, sources said. (Photo: PTI)

CBI questions former PNB MD

5 statutory PNB auditors also questioned.

28 Feb 2018 12:23 AM

PNB, India's second-biggest state lender, has mainly accused two low-level employees of the Brady House branch of issuing the LoUs without making corresponding entries in the bank's main software, helping the fraud to go undetected for years. (Photo: PTI)

Nirav Modi gave gold jewellery in bribe to PNB officials: CBI

The CBI, which has arrested 14 people in the case, on Saturday for the 1st time said bribes were paid to at least one PNB official by Modi.

04 Mar 2018 9:22 AM

The CBI has alleged that the firms controlled by diamond baron Nirav Modi and Mehul Choksi obtained fraudulent Letters of Undertaking (LoUs) and letters of credit (LCs) worth over Rs 13,000 crore from PNB in connivance with some officials of the bank. (Representational image)

11 accused in pnb fraud remanded in police custody

Modi's firms allegedly defrauded PNB of over Rs 6,500 crore, while Choksi's firms allegedly defrauded PNB of Rs 7,080 crore.

18 Mar 2018 7:27 AM

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Bhopinder Singh