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Nirav Modi diverted Rs 4,299 cr to himself, family and firms: ED in...

The agency would soon file a second charge sheet against Modi's uncle and jeweller Mehul Choksi and his businesses.

25 May 2018 1:21 PM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB fraud: ED files charge sheet against Nirav Modi, associates

ED charge sheet focuses on money laundering aspect and role of Nirav Modi and others in perpetrating the alleged fraud.

25 May 2018 11:45 AM IST

Reserve Bank of India

After PNB fraud, RBI bans use of Letter of Undertakings for overseas...

RBI said the decision to discontinue practice of LoUs and LoCs for trade finance comes into force with immediate effect.

13 March 2018 7:17 PM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

RBI turns up heat on lenders after USD 2 billion loan fraud

RBI had asked banks to connect SWIFT interbank messaging system with their core banking software by April 30.

10 March 2018 10:38 AM 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.

Before mega scam, PNB lost USD 431 mn to fraud last fiscal year

Punjab National Bank alone reported 158 cases of fraud in 2016-17.

10 March 2018 10:24 AM IST

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

PNB may be given 1 year to provision against Rs 12,646 cr fraud

Bank has written a letter to banking sector regulator seeking its opinion on making provisions for fraud.

9 March 2018 11:29 AM IST

The Lok Sabha failed to transact any legislative business for the fourth consecutive day as members from parties, including NDA ally TDP, AIADMK and TMC, continued their protests on various issues. (Photo: File/PTI)

Lok Sabha adjourned for 4th day in a row amidst Opposition protest

TDP was demanding special status for Andhra Pradesh while AIADMK sought immediate setting up of Cauvery River Management...

8 March 2018 2:47 PM IST

PNB customers will have to shell out money beginning October if they carry out more than five transactions a month from the banks ATMs.

Missed warnings - How watchdogs failed to spot USD 2 bn PNB fraud

RBI set a April 30 deadline for integrating banks' internal software and SWIFT.

6 March 2018 12:26 PM IST

Five Indian women led by ICICI Bank CEO and MD Chanda Kochhar and including Bollywood star Priyanka Chopra, have featured on the list of the worlds 100 most powerful women compiled by Forbes. (Photo: PTI)

PNB fraud: Top bankers Chanda Kochhar, Shikha Sharma summoned

ICICI Bank led a consortium of 31 banks that lent money to Mehul Choksi's Gitanjali group.

6 March 2018 11:47 AM IST

Lawyer Vijay Aggarwal, speaking by telephone, declined to comment on where Nirav Modi was. (Photo: PTI)

ED attaches Rs 52.80 cr wind farm of Nirav Modi's family in Jaisalmer

The central probe agency has attached Nirav Modi's assets worth over Rs 691 crore till now.

30 May 2018 4:05 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)

PNB fraud: Nirav Modi jewellery estimated at less than 30 pc of book...

Value of polished diamonds held by Maha units of Firestar Diamond has also been reduce from Rs 153 cr to Rs 83 cr.

30 May 2018 12:33 PM IST

Chaotic scenes ensued in Rajya Sabha fater

RS adjourned amid PNB scam uproar, Oppn demands Nirav Modi's return

RS was adjourned amid uproar over Rs 12,700-cr PNB scam and other issues including TDP demanding special package for AP.

5 March 2018 4:19 PM IST