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PNB scam: SC dismisses plea seeking SIT probe on Tuesday

PNB scam: SC dismisses plea seeking SIT probe on Tuesday

PNB scam: SC dismisses plea seeking SIT probe. The Supreme Court (SC) on Tuesday dismissed the public interest litigation (PIL) seeking a Special Investigation Team (SIT) probe into the multi-crore Punjab National Bank (PNB) scam against Nirav Modi. Attorney general K K Venugopal said that the plea made baseless allegations against Prime Minister Narendra Modi

PNB scam: SC dismisses plea seeking SIT probe on Tuesday

PNB scam: Red Corner Notice issued against Nirav Modi

PNB scam: Red Corner Notice issued against Nirav Modi. A Red Corner Notice has been issued against absconding diamantaire Nirav Modi by the Interpol in connection with the multi-crore Punjab National Bank (PNB) scam. This comes after the Enforcement Directorate (ED) requested the Interpol to issue the notice against Nirav, who is wanted in India

India asks group of countries to deny entry to Nirav Modi

India asks group of countries to deny entry to Nirav Modi

India asks group of countries to deny entry to Nirav Modi. India has requested a group of countries to deny entry to diamantaire Nirav Modi, who is wanted in a money laundering case, related to multi-crore Punjab National Bank (PNB) scam, Ministry of External Affairs Raveesh Kumar said on Thursday. Nirav is reportedly in the

PNB scam: SC dismisses plea seeking SIT probe on Tuesday

CBI files chargesheet in PNB loan fraud case

CBI files chargesheet in PNB loan fraud case. The CBI on Monday filed a chargesheet against some former and current bank officials and several others in the over Rs 13,000 crore Punjab National Bank (PNB) fraud case allegedly perpetrated by diamantaire Nirav Modi and his uncle Mehul Choksi.The agency filed the chargesheet before a special

India asks group of countries to deny entry to Nirav Modi

PNB detect another fraud case

The Punjab National Bank (PNB) on Thursday has detected another fraud case at a Mumbai branch, which is at the center of around Rs 9.9 crore fraud, according to a complaint with the police.The new development unfolds after the PNB had detected a 1.77 billion US dollar fraud, wherein noted jewellery designer Nirav Modi had acquired multiple letters of undertaking to avail overseas credit from

Budget session: Adjournment motion moved in RS on PNB fraud case

Budget session: Adjournment motion moved in RS on PNB fraud case

Budget session: Adjournment motion moved in RS on PNB fraud case. Communist Party of India (CPI) national secretary D. Raja and Samajwadi Party (SP) MP Naresh Agarwal on Monday gave adjournment motion notice in the Rajya Sabha over Punjab National Bank fraud (PNB) case. Meanwhile, the Bharatiya Janata Party (BJP) MP Vinay Sahasrabuddhe has moved adjournment motion in the Upper House under

ED arrests close confident of Nirav Modi

PNB stock slumps 9% to hit 52-week low

PNB stock slumps: Shares of Punjab National Bank today slumped as much as 9 per cent to hit their 52-week low level in morning trade on bourses after the lender said the amount of fraudulent transactions could be as much as Rs 12,700 crore. Shares of the company opened weak at Rs 107.80, then cracked

CBI detains Gitanjali Group VP

Centre opposes PIL seeking deportation, independent probe of Nirav Modi

Centre opposes PIL seeking deportation, independent probe of Nirav Modi. The Centre has opposed two public interest litigations (PILs) submitted before the Supreme Court that have called for the deportation of absconding businessman Nirav Modi and independent investigation of his alleged illegal dealings with some officials of the Punjab National Bank (PNB). Petitioner Vineet Dhanda appealed to

Hyderabad's temple holds special prayers for solving 'banking crisis'

Hyderabad’s temple holds special prayers for solving ‘banking crisis’

Hyderabad’s temple holds special prayers for solving ‘banking crisis’. As the whole country is shocked over the Punjab National Bank (PNB) fraud, a special pooja ‘Chakrabaja Madala Arachana’ was performed at Chilkur Balaji Temple in Ranga Reddy district to ‘save money facing threat from political and governmental interference in banking system’. The head priests, Dr

PNB fraud: Assocham calls for privatising PSBs

PNB fraud: Assocham calls for privatising PSBs

PNB fraud: Assocham calls for privatising PSBs: In light of the massive Rs 11,300 crore ($1.8 billion) scam allegedly involving jeweller Nirav Modi that has hit state-run Punjab National Bank (PNB), industry chamber Assocham said on Sunday that the government should surrender its majority control of banks, which should be allowed to function like private sector

PNB Fraud Scam: CBI arrest three

PNB Fraud Scam: CBI arrest three

PNB Fraud Scam: CBI arrest three. The Central Bureau of Investigation (CBI) on Saturday arrested three in connection with the alleged fraud in the issuance of Letters of Understanding (LoU) worth Rs. 11,400 crore from Punjab National Bank (PNB). Amongst arrested are Gokulnath Shetty, the then Deputy Manager (now Retired) of Punjab National Bank (PNB) and

Track down Nirav Modi

CBI seeks Interpol help to track down Nirav Modi

The CBI has sought Interpol’s help in tracking down billionaire diamond trader Nirav Modi, who has been accused of a multi-crore rupee banking fraud and is reported to have fled the country. According to informed sources, the CBI has issued an Interpol “diffusion notice” against Modi, his wife Ami, brother Nishal Modi and business partner

'PNB's $1.8 bn fraud is failure of various audits, RBI inspection'

‘PNB’s $1.8 bn fraud is failure of various audits, RBI inspection’

The $1.8 billion fraud at the government-owned Punjab National Bank (PNB) shows the failure of various kinds of audits in the bank, including the RBI’s inspection, said a senior chartered accountant. According to him, the Reserve Bank of India has to carry out a deep investigation, forensic audit of the accounts involved in the alleged

All 650 branches of IPPB to be launched by April: Manoj Sinha

All 650 branches of IPPB to be launched by April: Manoj Sinha

650 branches IPPB launched April: The government expects to roll out all 650 branches of India Post Payments Bank (IPPB) by April, 2018, Parliament was informed. In a written reply to Lok Sabha, Minister of State for Communication Manoj Sinha said IPPB has launched 2 pilot branches on January 30, 2017 at Raipur (Chhattisgarh) and

Masked men loot cash from PNB bank

Masked men loot cash from PNB bank

Masked men loot cash from PNB bank Hoshiarpur(DP Correspondent) – Two masked men looted cash at gunpoint from Punjab National Bank (PNB) branch in Muradpur Naryal village of Tanda Urmur block in Hoshiarpur on Saturday afternoon. As per information, the unidentified men looted Rs 4 lakh cash from the bank cashier Lakhwinder Singh and threatened to

PNB, HDFC Bank cut interest rate on savings account

PNB, HDFC Bank cut interest rate on savings account

PNB, HDFC Bank cut interest rate on savings bank accounts. Punjab National Bank and HDFC Bank slashed interest rates by 50 basis points to 3.5 per cent on deposits up to Rs 50 lakh.    Punjab National Bank has also reduced interest rates on fixed deposits of less than Rs 1 crore by 15-40 basis

PNB to block all Maestro debit cards from July 31

PNB to block all Maestro debit cards from July 31

For all the Latest news download Daily Post news app:- Click For Android Click For IOS The Punjab National Bank (PNB)’s Maestro Debit Card will not work after 31 July. It will be closed for security reasons. The bank official said in a communication to its customers “If you are having Maestro debit card, get

Robbers target Women’s bank in Amritsar

For all the Latest news download Daily Post news app. For Android click here For IOS click here Robbers target Women’s bank in Amritsar. AMRITSAR: Even though the police administration does not get tired of millions of claims that the safety of the people in the cities has been ensured. However, the threat of robbers