Thursday 3 December 2020
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Nirav Modi employed these 6 steps to drain out PNB, lenders, customers

Nirav Modi, caught by London Police following an arrest warrant London’s Westminster Court, has a long record of fraudulent activity

LoU ban: Finmin asks RBI to help ease industry troubles

New Delhi: The finance ministry has received several representations from various corporates and banks against the abrupt banning of LoUs asking the RBI to provide...

Niravgate impact: RBI bars banks from issuing LoUs

Mumbai: RBI today barred banks from issuing guarantees in the form of letters of undertaking (LoU) as it clamped down on the import financing route...

PNB scam: Senior Axis, ICICI officials appear before SFIO

Mumbai: Senior officials from private sector lenders ICICI Bank and Axis Bank today appeared before the Serious Fraud Investigation Office (SFIO) with regard to investigations...

PNB fraud: CBI detains Gitanjali Group’s vice president Vipul Chitalia

Mumbai: The CBI today detained Vipul Chitalia, the vice president of Gitanjali Group of Companies, as a part of its probe into the multi-crore Punjab...

Fraud amount could be Rs 1,323 crore more, says PNB

New Delhi: Amid the multi-agency probe into the PNB scam, the state-run bank today said the number of fraudulent transactions could be worth Rs 1,300...

PNB asks Nirav Modi to come up with concrete plan to repay dues

New Delhi: Scam-hit Punjab National Bank (PNB) on Thursday asked billionaire diamond jeweller Nirav Modi to come up with a concrete and implementable plan...

Niravgate: ED raids shell firms on seventh day

Mumbai/New Delhi: The Enforcement Directorate (ED) continued its raids on the seventh day today as it visited 17 locations across the country, including four...

Nirav LOUs: Will honour bonafide commitments, says PNB

New Delhi: Punjab National Bank (PNB) today said it will honour all its "bonafide commitments" under the Letters of Undertaking (LOUs) and Foreign Letters...

Privatise All Banks To Fight Nirav Modi’s Ilk

The fraudulent jeweller and his accomplices exploited regulatory and technical loopholes in Indian banking to swindle money from PNB and other banks; routine state...

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