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Latest Articles in Banking Finance

Three Debt Funds To Consider Now

Judicious and well-planned asset allocation will drive portfolio returns over the next 18 months

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Nirav Modi Denies Allegations In PNB Fraud Case

Vijay Aggarwal, a lawyer for Modi, said all transactions with PNB were documented and allegations made by the Central Bureau of Investigation were completely wrong

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PNB Says Enough Arrangements For Customers

Replying to clarifications sought by stock exchanges, the Punjab National Bank (PNB) said: "Bank has enough assets to meet any liability which is decided as per law."

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Will Honour Bonafide Commitments, Says PNB On Nirav LOUs

The PNB scrip on NSE touched a 52-week low of 113.55 during intra-day trade, before closing at Rs 115.1, down 8.32 per cent

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CBI Closes PNB Branch At Heart Of Fraud

Including direct loans given to companies of Modi and Choksi, Indian banks are at the risk of taking a hit of more than $3 billion after the fraud

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‘You Need To Be Paranoid In Today’s World’

Aditya Puri spoke to Raghu Mohan on a range of issues — from the sweet spot the bank finds itself in, rewiring it to up service standards, the challenges from disruptors (real and imagined!), and his stay so far at the house he built

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A Ten For The Winners!

The 10th edition of the Survey clearly reflects that the pool of performers is now down to a handful

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Eyes Wide Shut: The $1.8 Billion PNB Fraud That Went Unnoticed

The bank says it is still investigating how they were able to do so and go undetected for so long. The accounts given by current and former executives who spoke to Reuters suggest an answer as simple as it is alarming: no one was paying attention

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A New Bank Fraud: After PNB, City Union Bank Hit By Fraud

Days after the Rs 11,400 crore fraud at PNB shook the country, private sector City Union Bank today said it suffered three fraudulent remittances of nearly USD 2 million (about Rs 12.8 crore).

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Nirav Modi Scam: A Sequel To Regulatory Bodies’ Role?

Has Nirav Modi been rewarded with over Rs. 11000 crore scam for his role to constitute management of banks by proxy? If the arbitrary constitution of top management of Punjab National Bank and Bank of India in the recent past is a yardstick to gauge factors behind the scam, the answer will be in affirmative.

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PNB Fraud: ED Continues Raids, Seizure Value Rises To Rs 5674 Crore

Raids by the ED in connection with its money laundering probe against diamond czar Nirav Modi and others in the alleged Rs 11,400-crore bank fraud continued for the third day today with the agency saying it seized Rs 25 crore worth diamonds and jewellery, taking the total seizure value to Rs 5,674 crore.

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Allahabad Bank discloses Rs 2,000 cr exposure in PNB fraud

Allahabad Bank has an exposure of around Rs 2,000 crore by way of Letter of Undertakings issued by Punjab National Bank to Nirav Modi, the billionaire diamond merchant in the centre of a Rs 11,400-crore fraud.

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The Global Advantage

BofAML’s global cash management and capital markets business are money spinners thus propelling it to the top spot

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