Punjab National Bank
After Nirav Modi-PNB scam, RBI bans LoUs, Letters of Comfort
14 Mar 2018
The Reserve Bank of India has banned banks from issuing Letters of Undertaking or Letters of Comfort in the wake of the Rs1,400 crore Punjab National Bank fraud, though Banks can continue to issue guarantees and letters of credit
SFIO summons ICICI Bank, Axis Bank chiefs in PNB fraud case
07 Mar 2018
The Serious Fraud Investigation Officehas summoned ICICI Bank chief Chanda Kochhar and Axis Bank chief Shikha Sharma to seek information on the evolving Punjab National Bank fraud involving diamantaires Nirav Modi and Mehul Choksi
SBI, PNB hike retail lending rates by 20bps
03 Mar 2018
Nirav Modi seeks bankruptcy cover as PNB fraud mounts to Rs12,636 cr
28 Feb 2018
Nirav Modi's Firestar Diamond has filed for bankruptcy protection in US even as Punjab National Bank informed the CBI of another fraud Rs1,251 crore involving Gitanjali Gems
Another scam hits PNB: customers’ card data on sale for Rs320
23 Feb 2018
In a breach discovered by CloudSek Information Security, details of around 10,000 Punjab National Bank credit and debit card holders, including CVV numbers, were available on the dark web for a mere $4.90
Scam-hit PNB to infuse Rs5,473-cr govt funds to boost capital
23 Feb 2018
Punjab National Bank is going ahead with a planned Rs5,473-crore capital-raising from the government through a preferential issue, even as the bank boasted that it has enough assets to meet any liability caused by the Rs11,300-crore fraud
