Pnb Scam: Latest News and Updates, Top Stories, Videos, Photos About Pnb Scam

Pnb Scam News

3 Reasons Why Banking Stocks Fell In Trade Today

Entirely the weakness in today's stock market trade has largely to do with the banking and financial pack, which led indices to shed their early gains, wherein Nifty clinched levels of 15293 at day's high. Nifty PSU Bank, Nifty Private Bank ...

PNB Fraud: RBI Discontinues LoUs And LoCs As Trade Credits

To prevent Nirav Modi-PNB like scams in future course of time, RBI with immediate effect has discontinued the use of letters of undertaking (LoUs) and letter of comforts (LoCs) for the purpose of trade financing activities. In a notification, the ...

Should PSU Bank Scams Worry Depositors?

The trouble with the banking space facing huge stressed assets situation is unlikely to be resolved anytime soon. And the problem has only aggravated after the recent high value PNB and such similar PSB scams have come to the shore. The ...

Banks To Collect Passport Details Of Big Borrowers in 45 Days

In the wake of the Nirav Modi PNB Scam, the government has directed banks to collect details of passport of all borrowers who have taken loans of over Rs. 50 crore to prevent such fraudsters from absconding the country in future ...

What Is NFRA Or National Financial Reporting Authority?

After the PNB scam has been unearthed, the govt to prevent its likely occurrence in the future course has now given a go-ahead to the constitution of National Financial Reporting Authority or NFRA for overseeing or auditing the work of auditors ...

What Is LoU or Letters Of Undertaking?

Letter of Undertaking is a form of a guarantee issued by a banking entity to a person concerned for availing short term credit from the overseas branch of an Indian bank. These letters of undertaking (LoUs) are not issued against general ...

What Is A Bank-Holding Company?

After the recent PNB fall-out worth Rs. 11400 crore, the govt is again planning for a bank-holding company as per a leading business daily report. So what is the new entity bank-holding company all about The proposal for Bank-holding company ...