The Rs12,700-crore fraud committed by diamantaire Nirav Modi and his associates could get PNB listed as a defaulter if the bank fails to repay Rs1,000 crore to another state-run bank, Union Bank of India (UBI), by 31 March

ArcelorMittal bid queers the pitch for local bidders of Essar Steel

26 Mar 2018

Banks led by State Bank of India, had, last week, voted in favour of inviting bids from six companies which had submitted expressions of interest after the resolution professional declared bids from ArcelorMittal and Numetal as ineligible

Privatise PSU banks to end scandals, curb NPAs: Arvind Panagariya

26 Mar 2018

CBI, ED crack down on fraudsters involved in 3 major scams

24 Mar 2018

DoT slams Axis Bank for failure to honour Aircel guarantee

20 Mar 2018

India’s cyber security chief does not trust internet banking

16 Mar 2018

India’s cyber security chief Gulshan Rai revealed that he does not trust internet banking and keeps a low balance in his account avoid fraud

Urjit Patel seeks more teeth for RBI to police state-run banks

15 Mar 2018

In the wake of the massive fraud at the Punjab National Bank, RBI Governor Urjit Patel said the central bank had "very limited authority" over state-run banks, where ‘dual regulation’ by the state and the RBI is leading to problems

SBI shuts down 41 lakh savings accounts over minimum balance

14 Mar 2018

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

Airtel Payment Bank penalised for breaching KYC norms

09 Mar 2018

State-run banks wrote off Rs81,683-cr loans in FY17

07 Mar 2018

Adani Group sitting on a Rs72,000-cr NPA bubble: Subramanian Swamy

07 Mar 2018

While Adani Group's total debt stands at Rs99,181.09 crore, the group claims that only Rs34,000 crore of its long-term borrowings was being "regularly serviced"

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

Page no. 18 of 174

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