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8 wrz 2021 · In the year 2017, it was found that PNB was involved in a huge scam of around 11,000 Cr Rupees by issuing false bank guarantee in an unethical manner to a business tycoon Mr. Nirav Modi. He is a...
1 sty 2020 · This case study is about understanding major fraud in PNB and will also try to discover the reasons behind a fraud of approximately 114,000 million ₹ in one of its Mumbai
PNB initially discovered fraudulent LoUs guarantees, some apparently used to pay off older loans coming due on January 16, 2018, when a representative of Modi’s firm sought a new LoU to support further overseas borrowing.
PNB scam comes as a huge blow to the entire banking sector. The Rs 12,700 crore scam involves at least six banks, raising doubts over the internal
31 gru 2020 · This article analyses the intricate details of the PNB scam, its overall impact and also the various financial tools and instruments manipulated in the scam.
At a time when the government is aiming for bank recapitalization, the PNB scam comes as a huge blow to the entire banking sector. The Rs 12,700 crore scam involves at least six banks, raising doubts over the internal safety of operations in financial firms.
study cases of two big frauds in banking history . The Punjab National bank (PNB), that is currently facing the heat of the Rs 11,400 crore fraud by billionaire jeweler Nirav Modi, has reportedly had 184 cases of frauds by its employees in this time period.
