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The Punjab National Bank Fraud Case relates to fraudulent letter of undertaking worth ₹12,000 crore (US$1.4 billion) issued by the Punjab National Bank at its Brady House branch in Fort, Mumbai; making Punjab National Bank liable for the amount. [1]
22 lut 2018 · The discovery of the alleged fraud has re-ignited concerns about operations and oversight at India’s stressed state lenders, now undergoing a $32bn recapitalisation intended to clean up their...
15 lut 2018 · PNB scandal: Watch all you need to know about PNB Scam. Punjab National Bank, India's second biggest lender, has been defrauded of Rs 11,300 crore. Billionaire diamantaire Nirav Modi whose stones adorn the rich and the famous across the globe is in the centre of the scam. How did it all happen?
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...
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
17 maj 2024 · The Punjab National Bank (PNB) fraud has underscored significant credit risk exposure among several banks, prompting a critical examination of the underlying processes that allowed such misconduct to persist unchecked over an extended period.
9 lis 2022 · Nirav Modi fled India in 2018 to evade the law days before a case was registered against him and his associates. PNB unearthed the scam on January 25, 2018, and submitted a fraud report to...
