RBI Governor seeks more powers to effectively regulate Public Sector Banks
RBI Governor Urjit Patel today made a strong case for more powers to effectively regulate public sector banks (PSBs) as lawmakers asked him tough questions...
Tag : Nirav Modi
PNB failed to check Nirav Modi-Mehul Choksi fraud, says RBI
by News Desk
The Reserve Bank of India (RBI) on Tuesday blamed Punjab National Bank (PNB) of the $2-billion Nirav Modi-Mehul Choksi fraud, and accused the state-run lender of furnishing...
RBI Governor Urjit Patel appears before Parliamentary committee
New Delhi | Reserve Bank of India governor Urjit Patel on Tuesday appeared before the parliamentary committee on finance and briefed them on the current...
UK agrees to help India in locating fugitive diamond merchant Nirav Modi
British authorities have confirmed to Indian officials that fugitive diamond merchant Nirav Modi, accused of bank fraud worth ₹13,000 crore, is in the U.K. and...
Nirav Modi flees to UK claiming political asylum: Report
London | Absconding diamantaire Nirav Modi who is at the centre of a money laundering case linked to over USD 2 billion Punjab National Bank fraud...
Finance Ministry asks Allahabad Bank Board to strip all powers of CEO Usha Ananthasubramanian after CBI chargesheet
The government on Monday asked the Board of Allahabad Bank to do away with all the powers of its CEO and MD Usha Ananthasubramanian, former...
CBI likely to charge PNB ex-MD in Nirav Modi scam
The CBI will submit a charge sheet against Allahabad Bank CEO & MD Usha Ananthasubramanian and several others on Monday in the over Rs 13,000 crore PNB scam allegedly...
RBI claims over 23,000 bank fraud cases involving ₹1 lakh crore in 5 years claims
Over 23,000 cases of fraud involving ₹1 lakh crore have been reported in the past five years in various banks, according to the Reserve Bank...
Nirav Modi still travelling on a suspended passport?
Fugitive businessman Nirav Modi has been reportedly spotted in New York and is still travelling on a suspended Indian passport. Passports of Nirav Modi and...
ED swiftly moves to seize properties of businessmen Vijay Mallya and Nirav Modi
The Enforcement Directorate (ED) is all set to hand over assets of fugitive businessmen Nirav Modi and Vijay Mallya to state-owned construction company National Buildings Construction Corporation (NBCC), which will...