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The other banks which reported large number of frauds to the apex bank during the period include Axis Bank (189), Bank of Baroda (176) and Citibank (150). (Representational Image)

Big 4 accounting firms on IBA's list of forensic auditors

Number of banking fraud cases involving Rs 1 lakh and above has increased to 5,076 in the fiscal ending March 2017, from...

18 Sept 2017 6:56 PM IST

CBi has registered a case against top officials of Simbhaoli Sugars Limited, including its Deputy General Manager Gurpal Singh, who is the son-in-law of Punjab CM Captain Amarinder Singh, CMD, CFO, CEO and directors, and unknown bank officials. (Photo: www.simbhaolisugars.com)

Bank fraud again: Amarinder Singh's son-in-law among 13 accused

The bank had complained to the CBI on November 17, 2017 but the agency registered the case only on February 22, 2018.

26 Feb 2018 11:32 AM IST

Income Tax department

Income Tax Dept sends second notice to Deepak Kochhar

The department sent the notice seeking an explanation from Deepak Kochhar on his personal income.

30 April 2018 2:45 PM IST

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

Finance ministry hopeful of PNB rebounding in Q1

The ministry is keeping a tight watch on the bank's performance so as not to let the bank slip into further mess.

23 April 2018 12:19 PM IST

Nirav Modi and Mehul Choksi, key accused in Rs. 11, 400 crore Punjab National Bank scam. (Photo: PTI)

PNB scam: Govt intervenes in Nirav Modi firms' bankruptcy case in US

Some Nirav Modi firms filing for bankruptcy in the US would jeopardise the interests of Punjab National Bank.

22 April 2018 12:49 PM IST

The Rs 13,000-crore PNB scam and fiscal slippage are among factors that have led to a sharp decline in business optimism for the June quarter, a report said on Monday.

PNB scam, fiscal slippage dent business optimism in June quarter

The optimism was rising in the September quarter of last year and hit a peak of 91 per cent for the first quarter of...

16 April 2018 3:10 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

Number of retail investors in SBI jumps, stock hits 52-week low

Retail investors are back in the market, which has seen a correction of around 10 per cent in JanuaryMarch quarter.

16 April 2018 11:58 AM IST

Indian shares closed higher for a third straight session on Monday as financial stocks rose with global sentiment turning positive amid easing trade war fears.

UCO Bank tanks 18 pc after CBI books ex-CMD in Rs 621-cr fraud case

Shares of UCO Bank plunged nearly 18 per cent in morning trade after the CBI booked Arun Kaul.

16 April 2018 11:32 AM IST

Penalty amount that can be imposed by ICAI on individual auditors should be increased to a maximum of Rs 1 crore.

Nirav Modi scam: ICAI sends notices to statutory auditors of PNB...

ICAI has sent notices to all statutory auditors of Punjab National Bank's Brady House branch.

15 April 2018 4:01 PM IST

Penalty amount that can be imposed by ICAI on individual auditors should be increased to a maximum of Rs 1 crore.

Nirav Modi scam: ICAI panel yet to receive info from PNB

A high-level group constituted by the institute is studying specifically the systemic issues involved in the PNB fraud.

12 April 2018 7:50 PM IST

Punjab National Bank (PNB)will take care of problems emanating from Rs 13,000-crore fraud perpetrated by billionaire jeweller Nirav Modi on its own and will not seek any governments assistance, its managing director Sunil Mehta said.

Nirav Modi fraud is bank's issue; will not seek govt support: PNB MD

The bank has enough resources and capability to meet the challenges posed by the fraud of this nature, he said.

9 April 2018 7:30 PM IST

The CBI on Friday questioned a former Deputy Governor of the Reserve Bank, H R Khan, in connection with alleged bank fraud cases involving diamond traders Nirav Modi and Mehul Choksi and relaxation of gold import policy by the erstwhile UPA government, sources said on Friday.

PNB fraud case: CBI quizzes ex-deputy governor of RBI

The officials said he was questioned about the UPA government's 20:80 gold import scheme.

6 April 2018 6:46 PM IST