Sun, Mar 11, 2018
PNB fraud: Two jewellery groups were accused last month of defrauding state-run Punjab National Bank (PNB) of more than $2 billion, mostly through fraudulent guarantees based on letters of undertaking (LoUs) issued by rogue bank employees that they used to raise credit overseas. The key accused in the case have denied any wrongdoing.
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Tue, Mar 06, 2018
PNB fraud: CBI, which secured a 12-day remand of four accused arrested yesterday, explained the modus operandi involved in the alleged Rs 12,636-crore PNB fraud before the special CBI court.
Sat, Feb 24, 2018
The industry body said the country can ill-afford cut down on lending at a time when the credit growth was about to recover and the economy was set to grow at a higher pace
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