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

PNB issued over 41,000 LoUs since 2011: Finance Ministry

Reserve Bank has stopped banks from issuing LoUs and Letters of Comfort for trade finance.

23 March 2018 10:49 AM IST

(Photo: Nirav Modi website)

Court reserves order on Rajesh Jindal's bail plea

Advocate A. Limosin opposed the bail application filed by Jindal.

21 March 2018 7:06 AM IST

The extent of the unravelling fraud at Indias state-run Punjab National Bank could rise beyond the nearly $2 billion mark so far outlined by the lender, according to a source involved in the probe and court documents reviewed by Reuters.

PNB scam: Judicial custody of six extended

Ambani was president, finance, at the Modi-controlled Firestar Group of Companies.

20 March 2018 5:16 AM IST

LIC bought an additional stake of over 3 per cent in Bank of India for about Rs 450.88 crore. (Representational Image)

BoI has Rs 200 cr exposure in PNB scam, initiates proceedings: CEO

Nirav Modi and his uncle Mehul Choksi are alleged to have perpetrated the country's biggest banking sector scam.

8 May 2018 3:50 PM IST

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.

30 March 2018 2:27 AM IST

Shell cos sent Rs 900 crore to 3 NiMo companies

The ED arrested on Tuesday Shyam Wadhwa, vice-president of Modi's Firestar Group.

29 March 2018 1:32 AM IST

The extent of the unravelling fraud at Indias state-run Punjab National Bank could rise beyond the nearly $2 billion mark so far outlined by the lender, according to a source involved in the probe and court documents reviewed by Reuters.

Big wilful defaulters owe Punjab National Bank Rs 15,172 crore

The public sector lender has been putting out the names of wilful defaulters and firms since June 2017.

6 May 2018 11:33 AM IST

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

PNB falls below RBI's Capital Needs

The scam was perpetrated by way of fraudulent LoUs generated in the name of PNB.

14 Jun 2018 1:27 AM IST

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

Scam-hit PNB's capital adequacy fall below regulatory requirement

At the end of March, 2018, total capital ratio as per the Basel- III requirement declined to 9.20 per cent.

13 Jun 2018 6:24 PM IST

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

Hong Kong regulator enhances supervision of PNB's HK branch

The scam was perpetrated by way of fraudulent LoUs generated in the name of Punjab National Bank.

13 Jun 2018 1:55 PM IST

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

PNB expects Rs 8,000 crore recovery from NPAs this month

The bank, with its focus on recovery of dues from defaulters, has managed to surpass the total amount recovered in the...

10 Jun 2018 7:41 PM IST

A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

Lapses at many levels of bank led to huge PNB fraud, says report

The bank's CEO Sunil Mehta told in April he had suspended 21 officials and will not spare others found involved in...

20 Jun 2018 11:04 AM IST