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Nirav Modi, who is believed to be in Switzerland, was also present in a group photograph of Indian CEOs with Prime Minister Narendra Modi, issued by the Press Information Bureau, during the World Economic Forum on January 23. (Photo: File)

PNB fraud case: CBI seeks revocation of passports of Nirav Modi, Mehul Choksi

Nirav holds an Indian passport, left India on Jan 1, while his brother Nishal, a Belgian citizen, departed from the country on same day.

16 Feb 2018 8:09 AM

PNB topped the list with 389 cases totalling 65.62 billion rupees (USD 1.03 billion) over the last five financial years, in terms of the total amounts involved. (Photo: File)

Unpublished data shows India's fraud problems extend far beyond PNB

RBI data shows state-run banks have reported 8,670 'loan fraud' cases Rs 612.6 bn over last 5 financial years up to March 31, 2017.

16 Feb 2018 6:00 PM

PNB fraud: Nirav firm’s CFO, 4 others arrested

CBI questions 10 other officials of PSU bank.

21 Feb 2018 2:59 AM

Another ex-PNB official arrested

The agency arrested the retired second senior-level internal auditor of the bank for allegedly overlooking the irregularities during the audit.

03 Mar 2018 1:38 AM

The chief executive officers of ICICI and Axis banks, Chanda Kochhar and Shikha Sharma, were summoned for questioning Tuesday in the Nirav Modi-Mehul Choksi perpetrated PNB fraud. (Photo: PTI | File)

PNB fraud: Top bankers Chanda Kochhar, Shikha Sharma summoned

ICICI Bank led a consortium of 31 banks that lent money to Mehul Choksi’s Gitanjali group.

06 Mar 2018 11:47 AM

Nirav Modi and Mehul Choksi, key accused in Rs. 11, 400 crore Punjab National Bank scam. (Photo: PTI)

Enforcement Directorate issues Interpol Red Corner notice

Modi, Choksi may be hiding in Hong Kong, US.

15 Mar 2018 5:35 AM

The complaint stated that the two employees, who also assisted fugitive Nirav Modi and his uncle Mehul Choksi, had issued two LOUs for the above amount to the company.

Fresh Rs 9 crore fraud comes to haunt PNB

The LOUs were issued to SBI’s Antwerp branch in Belgium on April 25 last year with payment due date till January 20, 2020.

16 Mar 2018 12:31 AM

PNB scandal: CBI summons officers from Hong Kong

The CBI is also questioning officers of certain overseas branches of Indian banks.

09 Apr 2018 2:08 AM

Former PNB MD misled RBI: CBI chargesheet

Ananthasubramanian was among the PNB officials chargesheeted in the case.

22 May 2018 1:54 AM

Punjab National Bank (PNB) is closing nearly all its operations in a Mumbai branch that was at the heart of a USD 2 billion fraud, according to four sources with knowledge of the decision.

PNB to shutter most operations at fraud-hit Mumbai branch, say sources

India’s second-largest state lender seeks to tighten controls and restore its reputation.

03 Jul 2018 5:48 PM

In its complaint, the RBI has alleged non-compliance of its 2016 order directing commercial banks, including the PNB.

Top 11 PNB officials summoned for violation of banking regulation

The RBI has further alleged that the accused willfully and deliberately made false statements in the compliance report.

27 Mar 2019 10:01 AM

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (Photo: PTI)

PNB tanks 9 per cent on Rs 11,400-crore scam

PNB stock opened at Rs 137, then hit a low of Rs 133.45, down 8.47 per cent over its previous closing price.

15 Feb 2018 11:58 AM

The first complaint against Nirav Modi's company was filed on January 29, but he and his family had already fled the country on January 1. (Photo: File)

ED raids Nirav Modi premises, seizes Rs 5,700 Cr from 35 locations, 11 states

ED sources say they raided 35 new locations covering 11 states and seized diamond and gold worth Rs 549 crore on Friday.

16 Feb 2018 9:40 PM

Compliance officer and company secretary Pankhuri Warange cited the ongoing investigation of a Rs 11,400 crore scam as trigger to her ‘conscious’ stand to resign. (Photo: File)

2 top Gitanjali Gems’ officials quit, says ‘conscience doesn't permit to continue’

The two senior employees of Gitanjali Gems announced their resignations in a stock market filing.

19 Feb 2018 6:21 PM

Nirav Modi was last publicly seen in a Press Information Bureau (PIB) group photograph of CEOs and top brass of Indian corporate sector with Prime Minister Narendra Modi at Davos, Switzerland. (Photo: File | PTI)

CBI requests Interpol to issue Red Corner Notice against Nirav Modi

CBI has written to Interpol to issue Red Corner Notice against Nirav Modi which would mean that member countries can arrest, extradite him.

11 Jun 2018 6:36 PM

Kanpur-based company Rotomac Pen's owner Vikram Kothari had taken a loan of more than Rs 800 crore from over five state-owned banks, including Allahabad Bank, Bank of India and Union Bank of India. (Photo: Facebook)

CBI registers FIR for Rs 800 cr fraud against Rotomac pen-owner; raids premises

Amid reports of Kothari fleeing the country, the Rotomac Pen owner had earlier rubbished claims saying he will stay in Kanpur.

19 Feb 2018 9:38 AM

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

Customers' money safe with us, says Punjab National Bank

Urging customers not to believe in any rumours, the bank assured that they can withdraw or deposit their money anytime.

02 Apr 2018 6:13 PM

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB hires lawyers in bankruptcy proceedings of Nirav Modi firm in US

Firestar Diamond approached a bankruptcy court in New York in February.

08 Apr 2018 4:01 PM

Modi (46), a regular feature on the lists of rich and famous Indians since 2013, was booked by the CBI, along with his wife, brother and Choksi for allegedly cheating the state-run PNB. (Photo: PTI)

PNB fraud case: Non-bailable warrants issued against Nirav, Mehul Choksi

The issuance of NBWs by a court also opens door of seeking Red Corner Notices against both of the accused from the Interpol.

08 Apr 2018 4:58 PM

PNB suffered a standalone net loss of Rs 12,282.82 crore in 2017-18, as against a profit of Rs 1,324.80 crore in 2016-17.

PNB's big wilful defaulters' dues fall to Rs 15,354 crore in June

The total bad loan write-off by the public sector banks stood at over Rs 1.20 lakh crore in the last fiscal.

09 Jul 2018 10:15 AM

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Aakar Patel