WebbThe Rs 12,700 crore scam involves at least six banks, raising doubts over the internal safety of operations in financial firms. It may be noted that the PSBs lost at least Rs 227 billion to bank frauds in the last five years. The … Webb20 feb. 2024 · Nirav Modi’s swindle of $1.8 billion from India’s second largest state-run lender, Punjab National Bank (PNB.BO), is much less elegant. The bank had said in its statement to exchanges that the ...
Nirav Modi case: Stung by fraud, govt looks at supervisory failures …
Webb25 feb. 2024 · Bank frauds and bank crises have been an integral part of Indian financial history. It is not for nothing that in 1913, John Maynard Keynes after surveying the state of banking in the country ... Webb4 apr. 2024 · The cheques that are registered in the PPS will only be accepted under the dispute resolution mechanism, PNB said in a statement. "As per Reserve Bank of India (RBI) guidelines, PNB had introduced PPS for cheques of Rs 50,000 and above presented in CTS clearing from January 1, 2024, which has now become mandatory for the cheques … crypko free
Nirav Modi Scam Explained - How PNB Lost 14000 Crores - Trade …
Webb7 juli 2024 · After Nirav Modi, kin fled India, US firm gave them Rs 50 crore via credit cards: probe. Saumil Diam LLC, a company that has links to both Nirav Modi and his maternal uncle Mehul Choksi, accused of fraudulent transactions at PNB, allegedly allowed Nirav Modi and his kin the use of its corporate credit cards, sources told The Indian Express. Webb26 okt. 2024 · As we all know, Nirav Modi was the man behind the entire fraud, but his companies that had their names included in the case were Solar Exports, Stellar Diamonds, and Diamond R US. They all were named as accused by the PNB, who also accused Gitanjali Gems, Gili India, and Nakshatra — companies facilitated by another jeweller, … Webb25 feb. 2024 · What is PNB scam PNB is India's second-biggest state-run lender. The scam stunned the financial sector of the country after a fraud worth Rs 11, 400 crore was unearthed at a single branch in Mumbai. duo false eyelash adhesive glue