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ED raids Nirav Modi premises, seizes Rs 5,700 Cr from 35 locations, 11...

ED sources say they raided 35 new locations covering 11 states and seized diamond and gold worth Rs 549 crore on Friday.

16 Feb 2018 9:40 PM 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Unpublished data shows India's fraud problems extend far beyond PNB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

The Ministry of External Affairs on Friday suspended validity of passports of Nirav Modi and his business partner and uncle Mehul Choksi with immediate effect for a period of four weeks. (Facebook screengrab/NIRAVMODI)

Interpol notice out, but is diamantaire Nirav Modi in this New York...

His clientele includes only high net-worth individuals, and his jewellery ranges from Rs 2 lakh to hundred crores.

16 Feb 2018 4:33 PM IST

Sebi regulates Indias capital market. (Photo: PTI)

Sebi launches probe into trading, disclosure issues at PNB, Gitanjali...

Sebi and stock exchanges have begun analysing the stock market trade details of all entities associated with Modi.

16 Feb 2018 3:28 PM IST

Priyanka Chopra.

Priyanka Chopra to terminate contract with Nirav Modi

PNB has detected a Rs11,400 crore fraud where Nirav Modi allegedly acquired fraudulent LoUs from a branch in Mumbai.

16 Feb 2018 11:33 AM 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

Bank sought 100 per cent cash margins for issuing LoUs for raising buyers credit, which was contested by the firms saying they had availed of the facility from as early as 2010.

Union Bank has USD 300 million exposure to PNB fraud

Union Bank of India shares dropped 2.37 pc to Rs 117.25 while PNB stock fell over 3 pc to Rs124.45 on BSE.

16 Feb 2018 10:47 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

PNB fraud case: CBI seeks revocation of passports of Nirav Modi, Mehul...

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

16 Feb 2018 8:09 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

Ed seizes Rs 5,100-crores jewellery from nirav modi's properties

Seizures to the tune of Rs 5,100 crore were done by the ED till late evening, officials said.

16 Feb 2018 8:05 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