Were Indian banks aware of Nirav Modi's changed status as NRI?

There are already reports of Modi taking up the citizenship or permanent resident status of some other country. The documents where Modi clearly states that he is a NRI have been filed with the Registrar of Companies.

Nirav Modi case: Bank officials may have made close to Rs 823 crore in PNB fraud

As per the information shared by a chartered accountant with India Today, PNB officials were charging a commission of around 2 per cent on each LoU per year which was never shown in bank's account books.

PNB officials gave Nirav Modi's firms access to bank computers: report

Days after Punjab National Bank (PNB) said that its Brady House branch in Mumbai was involved in a fraud of over Rs 11,400 crore, questions have been raised over the conduct of bank officials who granted Nirav Modi's firms LoUs without due diligence.

Sensex, Nifty likely to remain volatile on derivatives expiry this week

The benchmark indices ended lower in a volatile week after showing signs of recovery in the second half amid global markets recovering from the effects of higher US bond yields.

PNB scam: Do you know these terms?

Punjab National Bank on Monday detected fraudulent transactions worth Rs 11,300 crore at its Brady House branch in Mumbai. The PNB in its cautionary note to other public and private sector banks used terms like LoU and SWIFT while explaining the modus operandi of the scam. Watch BusinessToday.in's video to find out what does these terms mean 

Mon Feb 19 03:12:03 IST 2018
 

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