PNB will have to pay up the entire Rs 11,300 crore lost in this fraud

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THE ECONOMIC TIMES Thu, Feb 15, 2018 | 04:50 PM IST Daily Newsletter

RBI tells PNB to pay entire Rs 11,300 crore to counterparty lenders By paying the other lenders, only the balance sheet of PNB will suffer in terms of losses while the other banks will not have to make provisions.

Where is Nirav Modi? ED goes on PNB fraud trail Homes of jewellers Mehul Choksi and Nirav Modi along with two PNB officials who have been arrested are being raided a...

An accountant explains what could have gone wrong in the PNB scam According to the PNB, the alleged fraud was carried out by two staffers by not entering the transactions in the bank'...

WPI inflation eases for the second straight month to 2.84% in January The rise in January compares with a 3.25 percent increase forecast by economists in a Reuters poll....

More From our Partners Spotlight falls on ULIPs as MFs are stung by the LTCG bee Experts believe that the imposition of 10 percent tax on LTCG on direct equity and equity-oriented mutual funds on gains above Rs 1 lakh in a year, is bound to hurt investor sentiment.

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3 themes Ambit's Gaurav Mehta is betting on to make money "Housing finance companies have been market darlings but that is a pocket best avoided at this point"... Shut down or consolidate PSU banks: Anil Singhvi "There has to be a constant vigil and monitoring. Most banks in India failed on that."... Policy to scrap 15 yrs old vehicles almost finalised: Nitin Gadkari Gadkari said India is bound to become the hub for automobile industry and the prices were bound to be cheaper as scra... Govt sees huge potential for organic farming in A&N islands Currently, organic farming is being taken up on a small scale in about 321 hectares of the Union Territory....

Market Watch 15 Feb | 04:50PM| SENSEX NIFTY USD/INR GOLD 34297.47 ↑141.52 10545.50 ↑44.60 63.91 ↓-0.17 30587.00 ↓-37.00

MARKET NEWS

Buffett's bumpy ride with IBM draws to a close with stock sales Berkshire Hathaway Inc., reported that it cut its stake in Big Blue by 94 per cent....

This smallcap has surged nearly 1,000% in 4 years and Porinju just made a killing Porinju held over 1 per cent stake, or 2,00,000 shares, in the company as of December 31, 2017....

Gainers Losers 15 Feb, 2018, 04:50PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Bombay Dyeing & Manufacturing 281.30 7.88 2060995 284.35 265.90 Vakrangee Ltd 233.80 4.98 59216 233.80 233.80 Nestle India 7585.35 4.48 19915 7640.00 7429.50 Prestige Estates Projects 324.50 3.77 28158 330.35 311.00 Delta Corp 377.50 3.54 610954 384.00 365.90

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FROM THE NEWSPAPER

Gender equality, still a startup at technology companies Although there are now equal number of men and women at the starting line of technology services careers, very few wo...

Who is Nirav Modi, the man at the centre of PNB scam He was among the first to supply diamonds according to client specifications in the 1990s....

Modi govt may tap into AI to keep all your data safe The CDAC Digital Forensic Centre will also undertake research in cyber forensics and allied areas, and help MSMEs und...

Paytm boss Vijay Shekhar Sharma accuses WhatsApp of unfair play, wants govt to step in Sharma said he will approach the National Payments Corporation of India (NPCI), which has developed the UPI system, a...

How 2 employees fooled a bank to pull off the year's biggest con job In raising funds and moving money out of PNB, two employees directly used SWIFT and bypassed the CBS which processes ...

VIDEOS

PNB detects Rs 11,500cr of fraudulent transactions US pushes to put Pak on global terrorist watchlist Priyanka Chopra sues Nirav Modi for defrauding her WPI inflation eases to 2.84% in January More Videos

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