Punjab National Bank
Accused official remanded to ED custody in PNB scam
The ED on Thursday arrested Shetty after the court on April 3 allowed the agency’s plea for his custody.
LoU ban to impact financial flexibility of importers
The central bank stopped banks from issuing the two instruments for trade credits for imports into India.
Delhi: 22-yr-old man held for attempting to cut PNB ATM open
A person identified as Nazir alias Babu was found cutting the chest of machine using a gas cutter and other tools by the police.
Govt asks Punjab National Bank to share scam details with ICAI
The govt has asked PNB and probe agencies to share details of the Rs 13,000 crore scam with ICAI.
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.
PNB fraud case: RBI says examining enforcement action
RBI says it has conducted its scrutiny and the matter is currently under examination for "enforcement action".
PNB scam: 80 per cent funds used to clear liabilities
The remaining Rs1,448 crore was used to pay 17 other overseas firms,” officials said.
Shell cos sent Rs 900 crore to 3 NiMo companies
The ED arrested on Tuesday Shyam Wadhwa, vice-president of Modi’s Firestar Group.
PNB plans stake claim in insolvency proceedings of Nirav Modi companies
Following the scam, the Reserve Bank has stopped banks from issuing LoUs and Letters of Comfort for trade finance.
PNB fraud: ED raids Nirav Modi residence, paintings seized
Paintings of acclaimed artists like Amrita Sher-Gil, M.F. Hussain and K.K. Hebbar valued at Rs 10 crore have been seized.