Govt tells PSBs to integrate banking systems, rotate staff as a policy The department of financial services will soon hold a meeting with the... ...http://www.rediff.com/money/report/how-govt-plans-to-ensure-pnb-style-scams-dont-ever-happen/20180220.htm
The problem here is that internal auditors are good at accounts, but they are not trained to track foreign exchange transactions Illustration:... ...http://www.rediff.com/money/report/pnb-fraud-how-bank-auditors-failed-to-detect-the-scam/20180220.htm
A father has said that Punjab National Bank (PNB) has framed his son in the Nirav Modi fraud case of over Rs 11000 crore.Hanumant Kharat, whose son... ...http://www.business-standard.com/article/news-ani/manoj-kharat-s-father-says-pnb-framed-my-son-118022000086_1.html
The Central Bureau of investigation has sealed Punjab National Bank's Brady House branch in Mumbai. PNB's employees Gokulnath Shetty, a retired DGM... ...http://www.sify.com/finance/cbi-seals-pnbs-brady-house-branch-news-finance-sctmmThgbdeec.html
The latest PNB fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved Image: A... ...http://www.rediff.com/money/report/pnb-fraud-raises-stink-over-banks-risk-management-ability/20180216.htm
Earlier Nainital Bank published the...