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www.businesstoday.in
February 21, 2018



BusinessToday.in
February 21, 2018
While the Sensex rose 130 points to 33,834 in early trade, Nifty rose 32 points to 10,393 points. The index briefly breached the 10,400 mark to reach 10,426 but erased gains within minutes of trade.


PTI
February 20, 2018
The 30-share Sensex recovered by 157.24 points, or 0.46 per cent, to 33,931.90 in opening trade. The index had lost 522.81 points in the previous two sessions. Sectoral indices led by metal, capital goods, Teck and IT were trading in the green with gains of up to 0.75 per cent.


BusinessToday.in
February 20, 2018
Contrary to what Nirav Modi claims in the letter, the total fraud value might be higher than the Rs 11,400 stated by the PNB.


BT Guest Columnist
February 20, 2018
 The CBI on Monday evening arrested three senior officers of PNB for their alleged involvement in the Rs 11,400 crore fraud pertaining to Nirav Modi and his uncle Mehul Choksi.


BusinessToday.in
New Delhi, February 19, 2018
Employees prefer a work environment that helps them grow professionally, honing and adding totheir skills, reveals a Business Today-PeopleStrong survey.


BusinessToday.in
February 19, 2018
While the Sensex was trading 136 points lower 33,874, the Nifty  was down 45 points to 10,406 level. The BSE bankex resumed its decline and fell 126 points (0.44%) to 28,270 level.


BusinessToday.in
February 18, 2018
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.


www.businesstoday.in
February 18, 2018



www.businesstoday.in
February 18, 2018



Reuters
New Delhi, February 18, 2018
Indian banks could take a hit of more than $3 billion from loans and corporate guarantees provided to diamond companies at the centre of a massive alleged fraud at the state-run Punjab National Bank, the tax department has estimated.


BusinessToday.in
Mumbai, February 17, 2018
PNB's Brady House branch received claims from Allahabad Bank and Axis Bank's Forex branches for which LoUs issued by PNB was due. This is when PNB officials found something was amiss.


www.businesstoday.in
February 16, 2018



www.businesstoday.in
February 16, 2018



BusinessToday.in
New Delhi, February 16, 2018
On Wednesday the country's fourth largest bank lost nearly 10% of its market cap, around Rs 3,800 crore, following news of a 7-year-old, $1.77 billion (over Rs 11,354 crore) fraud at one of its branches in Mumbai.


BusinessToday.in
New Delhi, February 16, 2018
The banking sector took a hit after Punjab National Bank informed the exchanges on 14th February 2018 that it detected some unauthorised and fraudulent transactions worth $1.77 billion or Rs 11400 crores. 34 of the 39 listed banks' share prices fell between February 12 and February 15.


BusinessToday.in
New Delhi, February 16, 2018
Digital payments in India, already witnessing unprecedented activity since the government's surprise demonetisation announcement in 2016, is likely to take a great leap forward with the entry of WhatsApp Payments.


www.businesstoday.in
February 16, 2018



Rajeev Dubey
February 16, 2018
An LoU is a guarantee by the issuing bank to the receiving bank and the companies that it would undertake to pay a certain amount of money on a specific date.


www.businesstoday.in
February 15, 2018



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