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Articles for Banking & Finance

Nirav Modi Not Absconding, Out Of India For 'Business Purposes': Lawyer

The scam was started in 2011 and was detected in the third week of January this year, after which the PNB officials reported it to the concerned agencies

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PNB Fraud: Centre Opposes Plea For SIT Probe

The PIL has made Punjab National Bank, Reserve Bank of India and the ministries of finance and law and justice as parties

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FMP's Are Making A Comeback - Should You Invest?

If you're looking to deploy 3-year money into a low risk, FD beating investment, this is probably as good a time as ever to start investing into Fixed Maturity Plans's

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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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