Press Trust of India, New Delhi | By Press Trust of India
UPDATED ON MAR 13, 2018 07:52 PM IST
Companies linked to Nirav Modi and his uncle Mehul Choksi defrauded PNB to the tune of Rs 13,600 crore. Choksi’s Gitanjali Group defrauded Rs 7,080.86 crore while the rest is attributed to companies of Modi.
Bloomberg | By Andy Mukherjee
UPDATED ON MAR 12, 2018 11:30 AM IST
The time for “corrective” action -- prompt or otherwise -- is past. To prevent bailout costs ballooning further, authorities should accept that wealthy fugitives have done them a service by showing just how operationally vulnerable India’s banking system really is.
PTI, New Delhi | By HT Correspondent
UPDATED ON MAR 07, 2018 11:50 PM IST
Nirav Modi, who had featured in Forbes’ 2017 rich list with a fortune of $1.8 billion, could not make the cut in this year’s rankings.
Press Trust of India, New Delhi | By HT Correspondent
UPDATED ON MAR 07, 2018 11:35 AM IST
Shares of ICICI Bank opened on a weak note on Wednesday, and lost further ground to touch an intra-day low of Rs 285.30, down 3.32% over the previous close.