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The Delhi-headquartered bank has been at the receiving end of the over Rs 130 billion fraud involving diamond merchants Nirav Modi and Mehul Choksi.....»»

Recently, the bank has faced a multi-billion fraud related to the Nirav Modi and Gitanjali Diamonds group.....»»

The CBI court had last week issued a non-bailable warrant against Nirav Modi.....»»

The bank has enough resources and capability to meet the challenges posed by the fraud of this nature, said PNB MD Sunil Mehta.....»»

Both Choksi and Modi have been booked in two cases each related to the bank fraud.....»»

With regard to deposits, the bank has recorded a growth of 6.2%, MD said.....»»

Both Choksi and Modi have been booked in two cases each related to the bank fraud.....»»

NEW D.....»»

The second largest public sector lender had reported an alleged fraud of over Rs 130 billion by diamantaire Nirav Modi in February-March this year.....»»

In February, PNB reported the Rs 130 billion fraud committed by the accused diamantaire Nirav Modi and his uncle Mehul Choksi -- both of whom are on the run.....»»

The public sector lender has been putting out the names of wilful defaulters and firms since June 2017. Within ten months, these defaults have grown by 28%, from Rs 118.79 bn.....»»

Nirav Modi fraud-hit Punjab National Bank (PNB) aims to grow its total business by 10.8 per cent and close the current fiscal with to Rs 12 lakh crore on the back of increased focus on CASA mobilisation. The board of the bank in .....»»

PNB issued over 1,200 fraudulent LoUs to Nirav Modi firms since 2011, of which around 400 were issued during the previous government's regime.....»»

Central Bureau of Investigation (CBI) found their involvement in the Rs 140 billion fraud related to group of companies belonging to Nirav Modi and Mehul Choksi.....»»

Central Bureau of Investigation (CBI) found their involvement in the Rs 140 billion fraud related to group of companies belonging to Nirav Modi and Mehul Choksi.....»»

The bank was asked to provide details of inspection that resulted in detection of the fraud and provide a copy of inspection reports.....»»

The bank was asked to provide details of inspection that resulted in detection of the fraud and provide a copy of inspection reports.....»»

Moody's estimates that PNB will require external capital of about Rs 120-130 billion in fiscal 2019 to meet the minimum Basel III CET1 ratio.....»»

In its 12,000-page charge sheet, CBI claims that Usha Ananthasubramanian and some other senior bank officials were aware about Nirav Modi's fraudulent dealings, but kept misleading RBI.....»»

The charge sheet also details the attachments made by the agency against Modi and his associates.....»»