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Explainer: How Punjab National Bank fell victim to India's biggest bank fraud

The fraud, by far the biggest ever detected by an Indian bank, comes to light at a time when lenders are hobbled by $147 billion in soured loans on their books.

published on : 15th February 2018

Rs 11,363 crore fraud case: Axis Bank says has sold transactions guaranteed by Punjab National Bank

Axis Bank said on Thursday that it had dealt in transactions that had been guaranteed with letters of undertaking from Punjab National Bank, but it had since sold those transactions.

published on : 15th February 2018

ED probing money laundering in Rs 11,363 crore Punjab National Bank fraud case: Source

PNB, the country's second-largest state-run lender with assets of USD120 billion, said in a regulatory filing that the fraud benefited "a few select account holders".

published on : 15th February 2018

Punjab National Bank files complaint with CBI against Nirav Modi, jewellery company alleging Rs 11,400 crore fraud

Modi, whose jewellery creations are popular among global celebrities, may face a fresh CBI probe as the agency is looking at suitable legal action to be taken in the case.

published on : 14th February 2018
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