ED attaches assets worth ₹19,111 crore of loan fugitives
Out of the attached assets, ₹15,113 crore, which is 66.91% of the defrauded amount, has been restituted to public sector banks, finance ministry told Lok Sabha.
Out of the attached assets, ₹15,113 crore, which is 66.91% of the defrauded amount, has been restituted to public sector banks, finance ministry told Lok Sabha.
While the noose has tightened around the diamond tycoon, extradition remains complex.
The jailed diamantaire can still appeal against the United Kingdom's home ministry's nod, but the prospect of him returning to India draws near.
British judge sees no barrier to fair trial in India; fallen diamantaire can appeal in two weeks.
Being funded by a bank is the secret sauce to a jeweller’s respectability. Nirav Modi, India’s best known jeweller, busted his bank and how! Flawed, journalist Pavan Lall’s new book explains.
Our banking sector has had too many such accidents in the recent past, and the double shocks of mounting NPAs and major frauds, has dealt it a severe blow.
Punjab National Bank reported a loss of Rs 13,417 crore in the January-March period as against a profit of Rs 262 crore in the previous year.
Two of India’s biggest bankers are in troubled waters, one is being accused of impropriety in dealing with investment in her husband’s firm, while the other’s performance stands in question.