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PNB fraud: Nirav Modi team given access to bank computers, say CBI sources

During interrogation, the arrested bank officials revealed that Modi's staff were logging into the SWIFT system using passwords of PNB officials

PNB fraud: UCO Bank admits to having Rs 26.36-bn outstanding exposure

The PNB fraud pertains to issuance of fake Letters of Understanding to companies associated with billionaire jeweller Nirav Modi by errant PNB employees

Tripura election 2018 sees 11% polling; CM Sarkar votes: Top 10 highlights

BJP is battling tooth and nail to oust the Left Front government led by four-time Chief Minister Manik Sarkar

Maharashtra schoolgirls to get sanitary pads for Rs 5 under 'Asmita Yojana'

Under the scheme, girls in Zilla Parishad schools will get a sanitary napkin packet at Rs 5 while rural women can avail it at a subsidised rate of Rs 24 and Rs 29

Top Stories in last day

07

PNB fraud: No guarantee of better governance, privatise PSBs says Assocham

PNB said it had detected the gigantic fraud in one of its Mumbai branches, putting the quantum of fraudulent transactions at $1,771.69 million

06

GST impact: 68% Delhi, Mumbai eateries brood over lack of clarity on rules

Like GST, demonetisation has also affected the restaurant industry, the survey revealed

05

21-yr wait over: Modi to lay foundation stone of Navi Mumbai airport today

With the PM laying the foundation stone on Sunday, the Navi Mumbai International Airport, being built by the state-run Cidco and the GVK Group

20

Job creation in organised sector slows to 64,000 in April-June 2017

Slowest pace of growth in three quarters; employment generation slowed down in trade, information technology

Iran Prez Rouhani's visit: India inks 9 pacts, leases part of Chabahar port

The countries also decided to explore cooperation in defence and maritime sector

Beat debt market volatility with tax-efficient, steady fixed maturity plans

The ability to lock in returns and offer indexation benefit makes FMPs attractive in the current scenario of hardening yields

19

PNB scam: Bankers huddle to reconcile LoU claims and decide on liabilities

PNB put value of outstanding claims in fraud involving billionaire jeweller Nirav Modi at over Rs 110 bn

PNB scam: Special court remands all 3 accused to CBI custody till March 3

CBI said accused were not cooperating with investigation so custody required 'to recover important missing documents'

18

PNB fraud: Privatise more PSBs, toughen rules, says Arvind Subramanian

CEA offers three compelling arguments in his case for privatisation of govt-owned banks

16

Rahul Gandhi asks why PM Modi, Arun Jaitley are silent on PNB scam

Congress leader Singhvi issued statement claiming that his family company has no connections with Nirav Modi's firms, except that of renting them some property

15

Banks may take a hit of at least Rs 176 bn from PNB scam: I-T Dept

But the total hit to Indian banks 'may well exceed' that amount, the I-T department said in its note

Fairfax India to pick up 51% stake in Catholic Syrian Bank for Rs 12 bn

Canadian investor Prem Watsa's Fairfax's Indian arm Fairfax India Holdings to pick up a 51 per cent stake in Kerala-based Catholic Syrian Bank (CSB) for around Rs 12 billion.Bank's Board today approved Fairfax's proposal and both the…

13

Justin Trudeau in India: Pulses set tone; trade, investment the larger goal

Ottawa's key concern is the curbs on international arbitration New Delhi has imposed on investor-state disputes

Banks relied on India Ratings' A- outlook to lend to this Nirav Modi firm

This, despite Firestar International suffering from a high-leverage, off-balance-sheet exposure

Iran signals it's open for business, woos India Inc with easier FDI norms

Iran Economic Affairs Minister hints at DTAA, preferential trade, claims $24 bn FDI flowed into his country in 2 years

10

India and Iran ink nine pacts, including DTA, visa liberalisation

Prime Minister Narendra Modi today held "substantive" talks with Iranian President Hassan Rouhani to boost cooperation in key areas of security, trade and energy, after which the two sides inked nine pacts, including one on double taxation…

Saturday, Feb 17

PNB scam: 2 bank officials, Nirav Modi's company executive arrested by CBI

People detained including PNB's former deputy manager Gokulnath Shetty, bank's single window operator Manoj Kharat, and Hemant Bhat, who is authorised signatory of the Nirav Modi group firms

Friday, Feb 16

PNB Rs 114-bn fraud: How Nirav Modi was brought down by his staff

The saga unfolded after a bribery complaint by the Hong Kong branch of an Indian bank

Scam-hit PNB will return to normalcy within six months, assures MD

Passports of Nirav Modi and Mehul Choksi suspended for four weeks

After Nirav Modi scam at PNB, fear of sweetheart deals at other banks too

The case surfaced as a rule change by RBI in early January forced PNB to tap Nirav Modi and other importers for more margin money, and a query from the central bank about two 'tainted' PNB officials

Cauvery dispute verdict a victory for poll-bound Karnataka: Top highlights

SC verdict on Cauvery river dispute: Karnataka to provide 177.25 TMC water to Tamil Nadu instead of 192

Thursday, Feb 15

PNB scam: ED raids Nirav Modi, Gitanjali Gems, seizes Rs 51 bn in jewellery

The search operation came after the agency filed a Rs 2.8-billion money laundering case against Modi; his wife, Ami; brother Nishal; and Choksi on Wednesday, following a complaint by PNB

Rs 114-bn scam: Pay up dues to banks for claims against LoUs, RBI tells PNB

RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities

ED seizes Rs 51-bn assets of Nirav Modi, asks MEA to revoke his passport

Six properties sealed by the ED in Mumbai in Nirav Modi case; diamond, jewellery and gold have been seized during the searches

PNB may have to pay Rs 113 bn to banks in fraud involving Nirav: Report

'If PNB does not pay up, it will lead to double provisioning-- both PNB and 30 other banks will have to provide for the huge loss'

Wednesday, Feb 14

PNB names Nirav Modi and Gitanjali Gems in the mega Rs 114-bn fraud

Core banking system bypassed to issue unauthorised and fraudulent guarantees

PNB fraud: Sebi likely to probe disclosure lapses by banks, jewellery firms

The trading patterns of the companies as well as their senior officials who have come under the lens would also be looked by Sebi

Scam worth Rs 110 bn: PNB detects fraud transactions; stock price drops 10%

The scam could turn out to be the biggest scam in Indian corporate history

PNB suspends deputy manager, 9 others after uncovering Rs 110-bn fraud

Earlier in the day, the state-owned lender said that they had cracked a case of swindling, which was contingent in nature

Tuesday, Feb 13

NPA levels of banks set to bloat with RBI's mega resolution framework

New RBI rules make accounts with 60-90 days' unpaid dues vulnerable

In the wake of Jammu terror strike, MoD clears Rs 160 bn rifle procurement

The defence ministry has gone through several long-running acquisition processes for assault rifles and carbines but cancelled them all, most recently last year

States may lose Rs 120 bn in share of central taxes over road & infra cess

While excise revenues have broadly been kept unchanged, states don't get a share in new cess created by reducing excise on fuel

RBI overhauls stressed asset framework, gives 180 days for NPA resolution

Matter to be referred to Insolvency Board within 15 days