The government has to take more steps besides lowering the cost of credit to make Indian MSMEs competitive in the global market, according to bankers. Punjab National Bank MD and CEO S.S. Mallikarjun...

Data on bank frauds for 2017-18, recently released by the Reserve Bank of India, show a sharp jump of 72 per cent from Rs 23,933 crore in 2016-17 to Rs 41,167.7 crore in 2017-18. The number of cases o...

India’s largest law firm, Cyril Amarchand Mangaldas (CAM), is being scrutinised by federal agents after they seized documents related to the $2-billion fraud at state-run Punjab National Bank (PNB) ...

Switzerland authorities have frozen four Swiss bank accounts of diamantaire Nirav Modi and his sister, as part of the criminal money laundering probe being conducted against them in India, official so...

Accusing the UPA regime of handing out unsecured loans, Union minister Prakash Javadekar on Tuesday said fugitives Mehul Choksi, Nirav Modi and Vijay Mallya will be brought back, just like Christian M...

Nirav Modi, the main accused in the USD 2 billion Punjab National Bank scam case, has been arrested in London where a court on Wednesday remanded the fugitive diamantaire in custody till March 29, say...

The Enforcement Directorate on Tuesday attached properties worth Rs 147.72 crore belonging to fugitive diamantaire Nirav Modi and his companies, officials said.The attached movable and immovable prope...

 Fugitive diamond merchant Mehul Choksi, wanted in the Rs 13,000-crore Punjab National Bank fraud case, has formally surrendered his Indian citizenship, government sources here said.They said tha...

Bank fraud fugitive Mehul Choksi has surrendered his Indian passport to the high commission in Guyana, official sources said Monday.Choksi, one of the alleged masterminds of the $2 billion scam in sta...

A Central Bureau of Investigation team is likely to leave for London to assist local authorities in the extradition case of diamantaire Nirav Modi whose bail plea will come for hearing before a court ...