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Punjab National Banks Mumbai had issued nearly 150 fraudulent letters of undertaking to Nirav Modi and his associates.

Fitch puts PNB on 'Rating Watch Negative', hints at downgrade

Fitch Ratings has placed PNB's Viability Rating of 'bb' on Rating Watch Negative, following the large fraud reported by...

20 Feb 2018 11:21 AM IST

Sensex climbed 122 points to finish the day on high

Sensex recovers 157 points, Nifty above 10,400-mark

The 30-share Sensex recovered by 157.24 points, or 0.46 per cent, to 33,931.90 in opening trade.

20 Feb 2018 11:09 AM IST

Cong President Rahul Gandhi said the entire country was keen to know the secret behind his silence and alleged that it screams out loudly where his loyalties were. (Photo: File)

Cong calls PM 'Maun Modi', questions his silence on Nirav Modi bank...

Rahul attacked the PM's 'silence' on PNB fraud, questioned where 'country's watchman' was when Nirav Modi fled like...

20 Feb 2018 10:33 AM IST

(Photo: Nirav Modi website)

In letter, Nirav Modi blames PNB for 'haste', urges bank to 'be fair'

In the letter that Nirav Modi wrote on February 15/16 to PNB, he pegged the amount his companies owe to the bank is...

20 Feb 2018 8:20 AM IST

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (Photo: PTI)

Govt says PNB fraud points to 'supervisory failure' at RBI: report

The RBI did not immediately respond to a request for comment on Monday, which was a holiday in Mumbai. A FinMin...

19 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.

PNB fraud: ED raids Nirav Modi's Mumbai residence, seizes valuables...

ED is conducting raids across several cities after the PNB said it has been defrauded of Rs 11, 400 crore by diamond...

19 Feb 2018 9:25 PM IST

The Enforcement Directorate (ED) is set to register three separate cases to probe the alleged irregularities in certain contracts awarded by the Delhi governments Public Works Department (PWD).

Fraud amount Rs 3,695 cr, ED registers FIR against Rotomac pens-owner

The ED lodged the case under the Ptrevention of Money Laundering Act after studying CBI's FIR on the same.

19 Feb 2018 5:09 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.

Ex-PNB official used, shared passwords to help Nirav Modi

Failure to notice largest fraud in Indian banking history reveals a 'rot' in the state financial sector, said an ex-PNB...

19 Feb 2018 11:09 AM IST

Kanpur-based company Rotomac Pens owner Vikram Kothari had taken a loan of more than Rs 800 crore from over five state-owned banks, including Allahabad Bank, Bank of India and Union Bank of India. (Photo: Facebook)

CBI registers FIR for Rs 800 cr fraud against Rotomac pen-owner; raids...

Amid reports of Kothari fleeing the country, the Rotomac Pen owner had earlier rubbished claims saying he will stay in...

19 Feb 2018 9:38 AM IST

Bombay Stock Exchange

Market ends flat for the week, PNB fraud shock play spoilsport

BSE Sensex and Nifty managed to close week flat at 34,010.76, up 5 points, and 10,452.30 marginally down 2.65 points...

17 Feb 2018 1:45 PM IST

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (Photo: PTI)

PNB scam: CBI arrests bank ex-official, prime accused Gokulnath Shetty

Shetty and two others apprehended will be produced before CBI special court in Mumbai later on Saturday.

17 Feb 2018 12:36 PM IST

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