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  • Lok Sabha adjourns amid protests over PNB scam, other issues Mar 05, 2018 12:08 PM IST

    Lok Sabha adjourns amid protests over PNB scam, other issues

    Soon after Speaker Sumitra Mahajan made obituary references, members from the Congress, TRS and other parties as well as from the TDP trooped into the Well raising various issues.

  • PNB scam: Bank's business hit as clients await investigation reports Mar 05, 2018 11:05 AM IST

    PNB scam: Bank's business hit as clients await investigation reports

    PNB’s current and savings’ account (CASA) deposits stood at Rs 2.67 lakh crore.

  • PNB fraud: NCLT bars over 60 entities from selling assets Mar 04, 2018 04:57 PM IST

    PNB fraud: NCLT bars over 60 entities from selling assets

    Gitanjali Gems, Gilli India, Nakshatra Brands and Firestar Diamond are among the barred companies, while partnership firms include Solar Exports and Stellar Diamond.

  • PNB scam: Trade finance hit as caution prevails, premium soars Mar 04, 2018 04:45 PM IST

    PNB scam: Trade finance hit as caution prevails, premium soars

    A private sector banker closely associated with the activity echoed the same, saying lenders have taken a "cautious" approach in the aftermath of the largest financial fraud in the history of the nation.

  • BJP, Opposition set to slug it out in Parliament over PNB scam Mar 04, 2018 01:20 PM IST

    BJP, Opposition set to slug it out in Parliament over PNB scam

    Both houses of Parliament will meet after a month-long recess in the Budget Session, during which the passage of the Fugitive Economic Offenders Bill, which seeks confiscation of assets of absconding fraudsters and loan defaulters, and the triple talaq bill will be high on the government's agenda.

  • PNB scam: Court issues non-bailable warrants against Nirav Modi, Mehul Choksi Mar 04, 2018 09:20 AM IST

    PNB scam: Court issues non-bailable warrants against Nirav Modi, Mehul Choksi

    The court, set up under the Prevention of Money Laundering Act (PMLA), issued the NBWs on applications filed by the Enforcement Directorate (ED), one of the agencies probing the bank fraud cases registered last month.

  • Shift from 'maun Modi to bol Modi', Congress to PM Modi on PNB scam Feb 27, 2018 07:10 PM IST

    Shift from 'maun Modi to bol Modi', Congress to PM Modi on PNB scam

    Surjewala said Modi's silence itself "exposed" his stand on corruption. Claiming that scams involving Rs 31,691 crore had been "exposed" in the last 10 days, the Congress leader also cited the Rotomac case.

  • Govt asks PSBs to report NPAs over Rs 50 crore for possible fraud; gives 15-day deadline to take action Feb 27, 2018 04:28 PM IST

    Govt asks PSBs to report NPAs over Rs 50 crore for possible fraud; gives 15-day deadline to take action

    The spotlight has now shifted to the senior management of banks and as their owners, the government has informed that the Board must assign clear accountability to senior management for implementation and compliance

  • PNB scam: Banks says fraud amount could be Rs 1,323 cr more Feb 27, 2018 08:04 AM IST

    PNB scam: Banks says fraud amount could be Rs 1,323 cr more

    The latest announcement from the public sector lender assumes significance against the backdrop of the probe going on into the Rs 11,400 crore scam, which is already one of the biggest in the Indian banking sector.

  • ED interrogates top PNB official, to question current and former MD Feb 26, 2018 09:43 PM IST

    ED interrogates top PNB official, to question current and former MD

    The Enforcement Directorate to speak to present MD Sunil Mehta, who could not be present today due to prior engagements.

  • PNB fraud: ED attaches pricey houses, land worth Rs 523cr of Nirav Modi group Feb 24, 2018 02:56 PM IST

    PNB fraud: ED attaches pricey houses, land worth Rs 523cr of Nirav Modi group

    While the agency had earlier seized gems, diamonds, jewellery, shares, bank deposits and costly cars in this case since it registered a criminal case under PMLA on February 14, this is the first major action to seize immovable assets

  • Jaitley rules out privatisation of public sector banks Feb 24, 2018 02:45 PM IST

    Jaitley rules out privatisation of public sector banks

    On Friday, FICCI president Rashesh Shah said that he met the finance minister and asked him to begin the process of bank privatisation in a phased manner, leaving just 2-3 lenders in the public sector

  • Arun Jaitley slams regulators, auditors for PNB fraud Feb 24, 2018 02:40 PM IST

    Arun Jaitley slams regulators, auditors for PNB fraud

    Without naming either the alleged kingpin of the fraud, billionaire jeweller Nirav Modi, or PNB, he said it is "worrisome" that not a single red flag was raised when the fraud was perpetuated

  • Abhishek Manu Singhvi's wife submits response to I-T dept; more Gitanjali accounts frozen Feb 24, 2018 11:30 AM IST

    Abhishek Manu Singhvi's wife submits response to I-T dept; more Gitanjali accounts frozen

    She was asked to explain how much she had paid in cash and how much through cheque to purchase the valuables and jewellery from Modi's firms a few years back

  • After Nirav Modi, Delhi-based diamond exporter booked for Rs 389-crore Oriental Bank loan fraud Feb 24, 2018 10:20 AM IST

    After Nirav Modi, Delhi-based diamond exporter booked for Rs 389-crore Oriental Bank loan fraud

    After Choksi and Modi, Another diamond jewellery exporter booked for loan fraud

  • Banks need to revisit risk management system to plug loopholes: IBA chairperson Feb 24, 2018 09:28 AM IST

    Banks need to revisit risk management system to plug loopholes: IBA chairperson

    Ananthasubramanian, who is managing director and CEO of Allahabad Bank, said at her bank also, SWFIT is not linked to CBS and the process of linking both the systems is currently on

  • Yechury attacks PM Modi for 'silence' on Nirav Modi PNB scam Feb 22, 2018 07:40 PM IST

    Yechury attacks PM Modi for 'silence' on Nirav Modi PNB scam

    Pointing that Modi had described then Prime Minister Manmohan Singh as "maun (silent) Mohan Singh" in 2012 for his silence on various issues during the UPA regime, Yechury said now he (Narendra Modi) himself has become maunendra Modi".

  • Rahul Gandhi targets PM Modi for silence on PNB scam, Rafale deal Feb 21, 2018 02:59 PM IST

    Rahul Gandhi targets PM Modi for silence on PNB scam, Rafale deal

    Gandhi also labelled the prime minister's programme aired on All India Radio a monologue and said the country wants to hear him speak on billionaire diamond jeweller Nirav Modi and the Rafale "scam".

  • SFIO to investigate 110 companies, 10 LLPs in PNB scam Feb 20, 2018 08:11 AM IST

    SFIO to investigate 110 companies, 10 LLPs in PNB scam

    The two businessmen are the key suspects in one of the biggest scams in the banking industry, and multiple investigation agencies are probing the case.

  • PNB earned commission on the buyers' credit given to my firms, claims Nirav Modi Feb 19, 2018 10:55 PM IST

    PNB earned commission on the buyers' credit given to my firms, claims Nirav Modi

    Modi has also requested PNB to permit salaries for FIPL and FDIPL to be paid for the 2,200 employees from the balance lying in the current accounts

  • What is SWIFT technology and how is it connected to PNB fraud? Feb 19, 2018 09:11 AM IST

    What is SWIFT technology and how is it connected to PNB fraud?

    It is a messaging system, and does not hold money or manage accounts

  • How PSBs fail to learn a lesson from the likes of Modi, Mallya and Mehta Feb 19, 2018 07:00 AM IST

    How PSBs fail to learn a lesson from the likes of Modi, Mallya and Mehta

    This Nirav Modi-chase last week was a déjà vu, except for different names and faces such as Vijay Mallya and Jatin Mehta. Also, barring one, rest of the defaulters hail from gems and jewellery sector

  • UCO Bank has $412 million exposure in PNB banking fraud case Feb 18, 2018 07:20 PM IST

    UCO Bank has $412 million exposure in PNB banking fraud case

    UCO Bank, in a filing to the Bombay Stock Exchange late on Saturday, said its Hong Kong branch granted loans against letters of credit issued by PNB and was "fully confident" of receiving payment from PNB

  • After a multifold rise in small & midcaps there is still room for plenty of correction Feb 17, 2018 10:18 AM IST

    After a multifold rise in small & midcaps there is still room for plenty of correction

    There is a lot of room for correction and it this point the midcap space still seems to be overvalued, and we would not recommend touching this counter right now, Nikhil Kamath, Co-founder and Head of Trading, Zerodha, said in an exclusive interview with Moneycontrol’s Kshitij Anand.

  • Par panel seeks report from Finance Ministry over PNB fraud Feb 15, 2018 08:30 PM IST

    Par panel seeks report from Finance Ministry over PNB fraud

    In what could be the biggest banking fraud in India, state-owned PNB had yesterday said it detected a USD 1.77 billion

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