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The three firms of diamantaire Nirav Modi were issued LoUs worth Rs 6,498 crore.

Nirav Modi availed loans from PNB Hong Kong, Dubai branches too:...

The 162-page report alleged that a group of employees at the Brady House branch issued fake letters of undertaking.

27 Jun 2018 12:52 PM IST

The call for privatisation gathered currency after diamond jeweller Nirav Modi allegedly colluded with some officials of PNB to fraudulently obtain guarantees so as to avail of loans from Indian banks overseas. (Photo: File)

PNB pins hope on asset sale, IBC resolution to raise Rs 13,000 cr

Moody's Investors Service had last month downgraded PNB's rating citing impact of the recent USD 2 billion fraud.

1 Jun 2018 6:49 PM IST

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

Fitch downgrades PNB's rating on deteriorating credit profile

VRs represent the capacity of the bank to maintain ongoing operations and to avoid failure.

4 Jun 2018 5:24 PM IST

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

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

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

8 Aug 2018 7:32 PM IST

Clearing corporations providing services for commodity derivatives will have to ensure guarantee for settlement of trades including goods delivery, markets regulator Sebi has said.

Choksi-Nirav fraud: Sebi probe moves ahead, no clean chit to anyone

The regulator will now also consider sending the notices for Choksi to Antigua.

5 Aug 2018 3:40 PM IST

Mehul Choksi is the prime accused in the PNB fraud

Antigua: Indian agencies gave Mehul Choksi 'all-clear'

According to reports, Choksi fled India on January 4 this year and took oath of allegiance in Antigua on January 15.

4 Aug 2018 1:50 AM IST

The three firms of diamantaire Nirav Modi were issued LoUs worth Rs 6,498 crore.

Govt sends extradition request to UK for loan fraud accused Nirav Modi

The international police agency Interpol last month issued a request to find and arrest Modi.

3 Aug 2018 1:55 PM IST

Babus pulled up for inaction on Nirav Modi's bungalow

However, his bungalow has been constructed over an area of more than 1,000 sqms.

15 Aug 2018 1:02 AM IST

MD Usha Ananthasubramanian

Centre dismisses former PNB MD

Ms. Ananthasubramanian was, three months back, divested of all her powers as MD of Allahabad Bank.

14 Aug 2018 12:31 AM IST

MD Usha Ananthasubramanian

Punjab National Bank scam: Govt dismisses former MD from service

She was to superannuate on Monday but has been dismissed from the service.

13 Aug 2018 5:52 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

PSBs see GNPAs rise by Rs 1,54,470 crore in FY18

PNB lead the pack with bad loans rising about 56%.

13 Aug 2018 12:30 AM IST

Mehul Choksi is the prime accused in the PNB fraud

Enforcement Directorate seeks to expedite RCN against Mehul Choksi

The CBI began its probe into the fraud after registering a case in January on receipt of a complaint from the PNB.

17 Aug 2018 5:56 AM IST