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Banks report Rs 61,260 crore frauds

State-owned banks report 8,670 loan fraud cases till 2017, says RBI data.

17 Feb 2018 1:29 AM IST

PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city.

Unpublished data shows India's fraud problems extend far beyond PNB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

16 Feb 2018 6:00 PM IST

PNB fraud case: MEA suspends Nirav Modi, Choksi's passport for 4 weeks

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

16 Feb 2018 11:05 AM IST

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

Punjab National Bank shares slide for third day

Stock hit its 52-week low on both BSE and NSE on Friday after it opened on a bearish note and fell 3.27 per cent to Rs...

16 Feb 2018 10:29 AM IST

Fraud saw light after accomplice retired

PNB has charged that foreign branches of other Indian banks may also be involved in the fraud.

16 Feb 2018 8:11 AM IST

Punjab National Bank MD and CEO Sunil Mehta

Nirav Modi offered to pay, says PNB boss

The PNB CMD further said the bank has informed all the lenders about the case.

16 Feb 2018 8:08 AM IST

Punjab National Banks Mumbai had issued nearly 150 fraudulent letters of undertaking to Nirav Modi and his associates.

Fraud casts doubts on banks

Analysts say PNB episode expands risk areas for banks; claim PSBs use faulty procedure.

16 Feb 2018 8:04 AM IST

Nirav Modi (in red circle) and PM Narendra Modi along with the Indian business delegation at Davos in January.

Is huge fraud at PNB really an aberration?

The Reserve Bank, which does a regular inspection of banks in this country, could possibly examine the risk management...

16 Feb 2018 12:52 AM IST

Diamond, jewellery and gold worth Rs 5,100 crore have been seized during the searches, the ED officials said. (Photo: Twitter | ANI)

Enforcement Directorate raids Nirav Modi properties, seizes Rs 5,100...

Five properties belonging to Nirav Modi and the other accused in Mumbai were sealed by the Enforcement Directorate.

15 Feb 2018 9:26 PM IST

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 IST

(Photo: ANI | Twitter)

PNB fraud: ED conducts multi-city raids on Nirav Modi showrooms

ED teams raided three sites in Surat, four in Mumbai and two in Delhi on Thursday morning.

15 Feb 2018 11:46 AM IST

PNB scam: Nirav Modi got fraudulent LOUs for overseas credit

PNB has suspended 10 officers over the USD 1.77 billionscam and referred matter to CBI for investigation.

15 Feb 2018 10:11 AM IST