Keyword : PNB Scam

Rs 11,000 crore fraud and an absconding billionaire

Investigating agencies are looking for Nirav Modi, a billionaire jeweller, after Punjab National Bank reported a massive fraud of Rs 11,000 crore at a branch in Mumbai. The s

PNB fraud: Why we need banking reforms

Billionaire jeweller Nirav Modi, whose properties are being searched after

The dirt in the diamond trade

The dazzling diamond trade has been hit hard by the Nirav Modi episode, which saw the billionaire jeweller flee India just before a massive fraud amounting to Rs 11,000 crore was detected at a Punj

How RTI could have prevented the PNB fraud

The Right to Information (RTI), used efficiently, could have helped activists and bankers expose irregularities much before they snowballed into full-fledged scams – the one at Punjab Nationa

PNB’s viability rating hit

The large-scale fraud perpetrated on Punjab National Bank has hit its rating. Fitch Ratings has placed its Viability Rating of `bb` on Rating Watch Negative (RWN). The rating firm said it will reso

Could RTI have saved banks from scams?

Could RTI have saved banks from scams?

Modi post Modi: “It is a question of your leadership…”

Diagnosing what ails India’s governance, Bihar chief minister Nitish Kumar used to name three units or offices that are so corrupted that they are beyond redemption: village patwaris, police

PNB fraud: Former RBI deputy governor had warned about SWIFT

A top Reserve Bank of India official had waved the red flag, a year back, regarding the SWIFT messaging system. SWIFT was used in a fraud amounting to Rs 11,000 crore at a Punjab National Bank bran

Yet another bank fraud

Just days after the sensational Nirav Modi-Mehul Choksi episode, yet another bank fraud has come to light. A case has been registered against RP Infosystems and its directors in an alleged bank fra

An eerie shadow: With the return of raid raj, the spectre of VP haunts Modi

In 1985, as a reporter of the Times of India, I got a chance to attend a lecture by one of the greatest legal minds of our times, Nani Palkhivala, at a function organised by an industries body in K

Deconstructing bank ‘scams’: Decline and fall

Modern banking in India is just about 250 years old. In the interim, we have witnessed dozens of crises, scams and scandals of varying degrees. In many cases, dozens, even more, banks failed. The r

PNB fraud: 18 arrested so far

As many as 18 people have so far been arrested in the Punjab National Bank fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi, parliament was informed. As per Reserve



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