NIRAV MODI

Reversing a three-quarter losing streak, state-owned Punjab National Bank (PNB) on Tuesday reported a net profit of Rs 247 crore for the three months to December 2018 on speedier recoveries and a slide in bad loans.

The BJP and its president Amit Shah, are most corrupt in India, Andhra Pradesh Chief Minister N Chandrababu Naidu alleged on Monday.

The process of demolition of fugitive diamond businessman Nirav Modi’s illegal bungalow at Alibag has started, the Maharashtra government told the Bombay High Court Friday.

Ongoing demolition work at the Punjab National Bank (PNB) scam accused Nirav Modi’s posh bungalow in Maharashtra’s Raigad district has been stopped since January 27, two days.

In a bid to prevent big economic offenders like Vijay Mallya and Nirav Modi from fleeing the country, the government has empowered PSU banks to request lookout circulars (LOCs) against wilful defaulters and fraudsters, officials said on Sunday.

In a bid to prevent big economic offenders like Vijay Mallya and Nirav Modi from fleeing the country, the government has empowered PSU banks to request lookout circulars (LOCs) against wilful defaulters and fraudsters.

The Raigad collectorate afternoon began demolishing Nirav Modi’s sprawling seaside mansion in Kihim in Alibaug. Nirav Modi, who is on the run after being named in the PNB scam, is among 202 bungalow owners who face the threat of their properties being demolished.

State Bank of India (SBI) on Wednesday moved to recover loan outstandings of Rs 405 crore from absconding diamantaire Mehul Choksi, his family and companies.

Accusing the UPA regime of handing out unsecured loans, Union Minister Prakash Javadekar Tuesday said fugitives Mehul Choksi, Nirav Modi and Vijay Mallya will be brought back just like Christian Michel.

The Centre has sacked two executive directors of $2-billion Nirav Modi scam-hit Punjab National Bank (PNB) for their alleged failure in exercising proper control over the functioning of the bank.