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Total 383 results found. Search for [ LoUs ]

Results 360 to 380 of 383
Sameer Bhardwaj
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.


PTI
February 16, 2018



BusinessToday.in
February 16, 2018
While it is the job of the investigating agencies to find out who engineered the billion-dollar scam, there is no denying the fact that there was a disintegrated system in place that allowed the official to execute the fraud and stay undetected for so long.


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.


PTI
February 15, 2018



Anand Adhikari
New Delhi, February 15, 2018
These two key elements - Swift and Nostro - are at the heart of the USD $1.77 billion (Rs 11,395 crore) fraud, as claimed by the PNB, perpetrated by its customer Nirav Modi.


PTI
February 15, 2018



PTI
February 15, 2018



PTI
February 15, 2018



Rajeev Dubey
New Delhi, February 15, 2018
Though the centre government has begun its crackdown on Nirav Modi and other persons involved in the fraud involving India's second largest public sector bank, there are some questions that remains unanswered.


PTI
February 15, 2018



PTI
February 15, 2018



BusinessToday.in
New Delhi, February 15, 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
February 15, 2018
Union Minister Ravi Shankar Prasad said that the government had seized assets worth Rs 1,300 crore belonging to Nirav Modi besides initiating revocation of his passport.


BusinessToday.in
New Delhi, February 15, 2018
The PNB in its cautionary note to other public and private sector banks said that the suspected fraud was carried out by the perpetrators in collusion with the staff.


BusinessToday.in
February 15, 2018
Billionaire Nirav Modi, who is now being investigated by the CBI for the mega bank fraud, is a luxury diamond jewellery designer who figured in Forbes India's Richest People List 2016 with a net worth of $1.74 billion.


Mail Today Bureau
February 15, 2018
The value of the fraudulent transactions works out to more than 8 times PNB's annual net profit of Rs 1,324 crore during 2016-17.


PTI
February 15, 2018



PTI
February 14, 2018



PTI
February 5, 2018



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