These wilful defaulters, who have taken loans of Rs 25 lakh and above, had total outstanding of Rs 14,593.16 crore in January.
A high-level group constituted by the institute is studying specifically the systemic issues involved in the PNB fraud and would also suggest remedial measures for strengthening the banking system.
The non-compliance of the advice has been mentioned in the CVC's annual report for 2017 tabled in Parliament recently.
A special CBI court here today issued a judicial request to be sent to the UK after the central probe agency moved a petition, seeking to attach a bank account of beleaguered diamond trader Nirav Modi, a key accused in the Rs 12,700-crore fraud in the Punjab National Bank (PNB).
The bank has enough resources and capability to meet the challenges posed by the fraud of this nature, he said. "We said this is problem of the bank and we will solve it ourself. We are not seeking government's help by way of capitalisation," he said, when asked if the bank has sought help from the majority shareholder to tide over the problem of fraud.
The Delhi High Court today sought the Enforcement Directorate's response on a plea by diamantaire Mehul Choksi's firm Gitanjali Gems in a money laundering case in connection with the over Rs 11,000 crore Punjab National Bank (PNB) fraud case.
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.
The lender has come out with a detailed set of FAQs (Frequently Asked Questions) seeking to address concerns of customers in the wake of the recent fraud.
The ED on Wednesday said it has arrested a "close" associate and the vice president of a firm of diamantaire Nirav Modi for allegedly aiding in the laundering of over Rs 5,900 crore in connection with the PNB bank scam case.
The market breadth was in favour of the declines with 526 stocks advancing while 1207 declined and 293 remained unchanged. On the other hand, in the BSE, 862 stocks advanced and 1751 declined and 186 remained unchanged.
In an response to Mumbai-based RTI activist Anil Galgali the bank has cited section 8(1)(h) of the RTI Act to deny the information sought by him.
The market breadth was in favour of the declines with 843 stocks advancing while 901 declined and 292 remained unchanged. On the other hand, in the BSE, 1210 stocks advanced and 1539 declined and 152 remained unchanged.
A multi-agency probe, including by the Serious Fraud Investigation Office (SFIO), is progressing into the scam, whose kingpin is alleged to be Nirav Modi.
The bank is exploring all options for the recovery, including participating in the bankruptcy proceeding of Firestar Diamond Inc, sources said.
The state-owned PNB has been defrauded of over USD 2 billion by fraudulent use of Letters of Undertaking (LoUs) allegedly by Nirav Modi and his associates.
"PNB has apprised that the total loss reported by it due to frauds was Rs 341.03 crore in the financial year (FY) 2015-16, Rs 2,633.82 crore in FY 2016-17, and Rs 14,506.39 crore (including contingent liability) in FY 2017-18 (till date)," Minister of State for Finance Shiv Pratap Shukla said in a written reply to the Rajya Sabha on March 2o.
The ratings agency in a filing to BSE said that PNB reduced its stake in the company by 1.94 per cent or 3,40,000 shares, through an open market sale for an undisclosed amount during July 4, 2008, to March 21, 2018 period.
Fraudulent LoUs of the state-owned PNB were used by diamantaire Nirav Modi and his associates to defraud the bank of about Rs 13,000 crore.
The Enforcement Directorate has evidence suggesting that Gitanjali Gems and Nirav Modi companies routed Rs 2,000 crore back into the country through the hawala route, a senior official who did not want to be named, told Moneycontrol.
In a note to clients, Goldman Sachs lowered its real gross domestic product (GDP) forecast on India for the year to March 2019 to 7.6 percent from 8 percent earlier.
The submission that Nirav Modi was "indirectly" challenging the case through his company Firestar Diamonds, was made by the ED before a bench of Justices S Muralidhar and I S Mehta.
The CBI today opposed in the Delhi High Court the bail plea of Karti Chidambaram in the INX Media corruption case, contending that he has already destroyed evidence being an "influential" person.
Fugitive jeweller Nirav Modi obtained his first fraudulent guarantee from PNB's Brady House branch in Mumbai on March 10, 2011 and managed to get 1,212 more such guarantees over the next 74 months, Finance Minister Arun Jaitley said today.
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PNB, the second-biggest Indian state-run lender, uncovered in January the alleged fraud in which certain bank officials were suspected of colluding with Modi and Choksi to issue fraudulent letters of undertaking (LoUs) for their firms to raise loans from overseas branches of mostly Indian banks.