Punjab National Bank And Central Bank

The Central Bureau of Investigation (CBI) has filed a case against Pune Buildtech Pvt Ltd (formerly 'Dynamix Balwas Resorts Pvt Ltd') and its promoters for allegedly defrauding Punjab National Bank (PNB) of over 30 crores between 2013-16.

The Central Bureau of Investigation (CBI) has registered a fresh case against fugitive diamantaire Mehul Choksi and his company Gitanjali Gems for allegedly defrauding the Industrial Finance Corporation of India (IFCI).

The Central Bureau of Investigation (CBI) has searched the premises of Sonear Industries Ltd and its Directors at five locations in New Delhi after booking them in a fraud case of Rs 168.73 crore at Punjab National Bank, officials said on Monday.

The Central Bureau of Investigation (CBI) on Thursday registered a case against a private (borrower) company and others on the allegations of causing an alleged loss of approximately Rs 826.17 crore to Punjab National Bank (PNB) and other consortium banks.

The anti-corruption body Central Vigilance Commission has completed a first-of-its-kind analysis of the top 100 banking frauds, including those in the jewellery and aviation sectors, and shared its findings with the RBI, the Enforcement Directorate and the CBI, Vigilance Commissioner TM Bhasin said today.

Banks weren't the only victims of fugitive jewellers Nirav Modi and Mehul Choksi, who allegedly orchestrated a $2 billion fraud. India's trade may be an unsuspecting casualty. As the fraud unravelled, the central bank stepped in and banned short-term financing in foreign currency called Letters of Undertaking to limit the damage to the financial sy...

PNB fraud: The price of the large yellow diamond alternately shrank and spiked by about a million dollars as it moved across the globe. The three-carat gem was shipped at least four times between shadowy companies allegedly controlled by Indian billionaire Nirav Modi over about five weeks in 2011, according to a report by a U.S. bankruptcy examiner...

A special CBI court in Mumbai granted bail today to Usha Ananthasubramanian, former managing director and CEO of Allahabad bank, in connection with the Rs 14,000 crore fraud at the Punjab National Bank (PNB).

State-run Punjab National Bank (PNB) today said it is in negotiations with a few government departments, including income tax and central excise, to sell its erstwhile headquarters situated at the Bhikaji Cama Place in New Delhi.

The Central Bureau of Investigation (CBI), which is probing the over Rs 13,000 crore Punjab National Bank scam as well as other financial frauds, has sought deputation of banking and tax experts from other ministries with an offer of good monetary incentives.

Fugitive jeweler Nirav Modi managed to travel through several countries even though information about his passport being cancelled by India was flashed in the Interpol central database on February 24, the CBI said Monday.

Diamond merchant Mehul Choksi and his companies under the Gitanjali Group, have been named in the supplementary charge sheet filed by the Central Bureau of Investigation in the over 2 billion dollar Punjab National Bank (PNB) fraud case.

The Reserve Bank of India (RBI) has declined to share inspection reports for scam-hit Punjab National Bank (PNB), citing RTI clauses that bar disclosure of details which may impede the investigation process or prosecution of offenders among other reasons. Replying to an RTI query, the central bank also said it does not have "specific information" o...

A special Central Bureau of Investigation (CBI) court in Mumbai on Sunday has issued non-bailable warrants (NBWs) against Nirav Modi and his uncle Mehul Choksi in connection with the cases related to Rs 13,000 crore banking fraud in the Punjab National Bank (PNB), Press Trust of India reported. The special court has allowed the application of the a...

It has not been a good year for the banking sector. As top lenders of the country - SBI, PNB and Canara Bank - uncovered banking frauds, one after another, customers and investors lost their trust in financial institutions while the government and the central bank exchanged a war of words. The government asked the Reserve Bank of India to fulfil i...

The Central Bureau of Investigation (CBI) has filed a case against Pune Buildtech Pvt Ltd (formerly 'Dynamix Balwas Resorts Pvt Ltd') and its promoters for allegedly defrauding Punjab National Bank (PNB) of over 30 crores between 2013-16.

The Central Bureau of Investigation (CBI) has registered a fresh case against fugitive diamantaire Mehul Choksi and his company Gitanjali Gems for allegedly defrauding the Industrial Finance Corporation of India (IFCI).

The Central Bureau of Investigation (CBI) has searched the premises of Sonear Industries Ltd and its Directors at five locations in New Delhi after booking them in a fraud case of Rs 168.73 crore at Punjab National Bank, officials said on Monday.

The Central Bureau of Investigation (CBI) on Thursday registered a case against a private (borrower) company and others on the allegations of causing an alleged loss of approximately Rs 826.17 crore to Punjab National Bank (PNB) and other consortium banks.

The anti-corruption body Central Vigilance Commission has completed a first-of-its-kind analysis of the top 100 banking frauds, including those in the jewellery and aviation sectors, and shared its findings with the RBI, the Enforcement Directorate and the CBI, Vigilance Commissioner TM Bhasin said today.

Banks weren't the only victims of fugitive jewellers Nirav Modi and Mehul Choksi, who allegedly orchestrated a $2 billion fraud. India's trade may be an unsuspecting casualty. As the fraud unravelled, the central bank stepped in and banned short-term financing in foreign currency called Letters of Undertaking to limit the damage to the financial sy...

PNB fraud: The price of the large yellow diamond alternately shrank and spiked by about a million dollars as it moved across the globe. The three-carat gem was shipped at least four times between shadowy companies allegedly controlled by Indian billionaire Nirav Modi over about five weeks in 2011, according to a report by a U.S. bankruptcy examiner...

A special CBI court in Mumbai granted bail today to Usha Ananthasubramanian, former managing director and CEO of Allahabad bank, in connection with the Rs 14,000 crore fraud at the Punjab National Bank (PNB).

State-run Punjab National Bank (PNB) today said it is in negotiations with a few government departments, including income tax and central excise, to sell its erstwhile headquarters situated at the Bhikaji Cama Place in New Delhi.

The Central Bureau of Investigation (CBI), which is probing the over Rs 13,000 crore Punjab National Bank scam as well as other financial frauds, has sought deputation of banking and tax experts from other ministries with an offer of good monetary incentives.

Fugitive jeweler Nirav Modi managed to travel through several countries even though information about his passport being cancelled by India was flashed in the Interpol central database on February 24, the CBI said Monday.

Diamond merchant Mehul Choksi and his companies under the Gitanjali Group, have been named in the supplementary charge sheet filed by the Central Bureau of Investigation in the over 2 billion dollar Punjab National Bank (PNB) fraud case.

The Reserve Bank of India (RBI) has declined to share inspection reports for scam-hit Punjab National Bank (PNB), citing RTI clauses that bar disclosure of details which may impede the investigation process or prosecution of offenders among other reasons. Replying to an RTI query, the central bank also said it does not have "specific information" o...

A special Central Bureau of Investigation (CBI) court in Mumbai on Sunday has issued non-bailable warrants (NBWs) against Nirav Modi and his uncle Mehul Choksi in connection with the cases related to Rs 13,000 crore banking fraud in the Punjab National Bank (PNB), Press Trust of India reported. The special court has allowed the application of the a...

It has not been a good year for the banking sector. As top lenders of the country - SBI, PNB and Canara Bank - uncovered banking frauds, one after another, customers and investors lost their trust in financial institutions while the government and the central bank exchanged a war of words. The government asked the Reserve Bank of India to fulfil i...