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The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

In June 2016 before PNB fraud, RBI warned banks of SWIFT abuse

The circular has emerged a day after the Centre said the PNB fraud was a result of failure of the RBI.

20 Feb 2018 8:54 PM IST

Nirav Modi raided by I-T dept in Jan 2017 after note ban: sources

However, the raids did not result in flagging the Rs 11,400 crore bank fraud, which Nirav was allegedly pulling off.

20 Feb 2018 7:08 PM IST

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

Trouble for PNB: Fitch, Moody's put bank under review for downgrade

Fitch and Moody's warned scam-hit PNB of rating downgrades, citing likely networth erosion and widening losses.

20 Feb 2018 3:07 PM 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

Sensex, Nifty each lost over 1 per cent on Friday amidst fears of a US-North Korea war. (Photo: PTI)

Sensex plunges 263 points to end at 33,774 as markets reel under PNB...

Sensex plunged by 236.10 points, or 0.69 per cent, to end at 33,774.66 after touching a low of 33,554.37 intra-day.

19 Feb 2018 4:59 PM IST

Illicit LOUs was a regular affair: Accused

The retired deputy branch manager's statement has brought the role of the then branch manager under the scanner.

19 Feb 2018 2:14 AM IST

Assocham president Sandeep Jajodia also urged the Centre that the NPA norms on getting the account classified under non-performing asset category for core sectors should be extended from 90-days to 180-days. (Photo:PTI)

PSBs must be privatised: Assocham

Assocham said that top banking positions are treated as extension of a government job.

19 Feb 2018 12:56 AM IST

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

Wilful defaulters' dues at PNB rose 23 per cent in 8 months

Bank makes available data pertaining defaults of Rs 25 lakh or more.

19 Feb 2018 12:55 AM IST

Defence Minister Nirmala Sitharaman on Saturday said that the entire might of the Government has been invoked to pin the culprit Nirav Modi in the Rs 11,000-crore PNB fraud case. (Photo: ANI | Twitter)

We're doing what Congress didn't do: Sitharaman on PNB fraud case

Sitharaman asked the Congress to explain the circumstances under which the Allahabad Bank official Dinesh Dubey was...

17 Feb 2018 3:31 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)

'All options are open', Nirav Modi had said on taking bank loans

In January, PNB filed a criminal complaint with the CBI that accused Modi and others of defrauding the bank.

17 Feb 2018 9:51 AM IST

CBI registers fresh case against Gitanjali Group

The CBI has got Interpol diffusion notices issued to its member countries to determine their current locations.

17 Feb 2018 6:32 AM IST

Banks report Rs 61,260 crore frauds

State-owned banks report 8,670 loan fraud cases till 2017, says RBI data.

17 Feb 2018 1:29 AM IST