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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.....»»

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

It is alleged that Choksi and Modi got LoUs and Foreign Letters of Credit (FLCs) of $2 billion issued in favour of foreign branches of Indian banks based on fraudulent claims.....»»

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

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

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.....»»

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.....»»

"Since the instances of round-tripping of funds are different in the case of Nirav Modi and Mehul Choksi, we plan to file another chargesheet soon," said an official.....»»

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

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

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.....»»

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 .....»»

Diamond merchants Nirav Modi and his uncle Mehul Choksi are alleged to have perpetrated the country's biggest banking sector scam of Rs 13 billion at Punjab National Bank, mainly by way of issuance of.....»»

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.....»»

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.....»»

The PNB had approached the CBI with a complaint on the basis of which the agency had registered an FIR against Modi.....»»