 | PNB reports a massive black hole in books, two-times government’s cash infusion size, pegs it at Rs 11,363 croreFinger of suspicion on billionaire jewellery designer Nirav Modi and Gitanjali Gems; more banks may be hit as they gave loan on PNB’s letters of undertaking |
 | Punjab National Bank cautions other banks about modus operandi of Rs 11,400 crore fraud linked to Nirav Modi caseCBI sources say Nirav Modi, his wife, brother and others worked with bank officials to illegally obtain Letters of Undertaking, which were cashed overseas from different banks, both private and public |
