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) ...

The success of the mega bank mergers announced last week would depend on how the lenders manage their bad loans, analysts said.On Friday, Union finance minister Nirmala Sitharaman had announced the am...

Punjab National Bank on Saturday said its board will meet on September 5 to consider the merger of Oriental Bank of Commerce and United Bank of India with itself.In a regulatory filing, the bank said ...

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...

The Central Bureau of Investigation (CBI) has booked former managing director of Maruti Suzuki, Jagdish Khattar, for allegedly “cheating” Punjab National Bank (PNB) through his firm Carnation Auto...

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...