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The government has asked PNB and probe agencies to share details of the Rs 13,000 crore scam with chartered accountants apex body ICAI, which is looking into the systemic issues related to the fraud, an official said.

Business

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.

3 April 2018 6:59 PM IST

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

Business

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.

2 April 2018 6:13 PM IST

$With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.$ Business

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".

1 April 2018 1:16 PM IST

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

Business

Punjab National Bank to have claim on Nirav Modi's US assets

This is the first time that the MCA has intervened in any such foreign case pertaining to an Indian company.

28 July 2018 1:36 PM IST

Mehul Choksi is the prime accused in the PNB fraud

India

CBI asks Antigua to provide details of Choksi whereabouts

US suggesting that Choksi had travelled out of the US on an Antiguan passport, sources said.

27 July 2018 2:27 AM IST

Moodys upgrading Indias sovereign credit rating is a recognition of a series of reforms undertaken by the government, Commerce and Industry Minister Suresh Prabhu said on Friday. (Photo: AFP)

Business

Govt's capital infusion in 5 state-owned banks credit positive:...

The Rs 11,336-crore capital infusion is part of the Rs 65,000 crore that the govt propose to infuse into the 21 public...

25 July 2018 2:01 PM IST

Business

PNB fraud defendant Mehul Choksi fears 'mob lynching' in India

The recent trend of mob lynching is growing , Choksi's lawyer said in the application.

24 July 2018 12:14 PM IST

Metros

Mehul Choksi seeks cancellation of NBW

He also spoke about his ill health and cited a case involving fugitive don Dawood Ibrahim versus CBI.

24 July 2018 2:13 AM IST

Business

Nirav Modi scam: PNB, Allahabad Bank to decide on further action

CBI filed charge sheet in May pointed involvement of top officials of banks.

22 July 2018 6:16 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.

Business

PNB's NPA recovery in first quarter tops FY 2018 level

The Insolvency and Bankruptcy Code (IBC) resolution process has greatly helped Punjab National Bank.

15 July 2018 3:48 PM IST

Business

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.

3 July 2018 5:48 PM IST

Essar SteelBanks had moved the Supreme Court earlier this year after an appellate court judgment put the claims of Essars operational creditors on par with those of its lenders.

Business

Major recovery for SBI, ICICI from Essar verdict

Secured financial creditors will recover 92 per cent of their exposure of Rs 42,000 crore to Essar Steel.

19 Nov 2019 3:37 AM IST