How did Nirav Modi pull off PNB fraud?

Theoretically, Modi, who understood corporate finance, committed no crime by raising debt to fund a growing business.In fact, he did a tidy job of it, but his operation started to see the ground......

RBI tells finmin that PNB misled it on SWIFT migration

‘PNB had confirmed compliance with the RBI’s prescription in its circular of August 3, 2016, which has now turned out to be factually incorrect,’ Minister of State for Finance......

PNB likely to face teething problems while upgrading system

Upgradation to the new product (from Infosys) will stabilise by this month-end Hit by a Rs 11,000-crore fraud, government-owned Punjab National Bank (PNB) has finally moved to integrate the SWIFT......

New banks will open up fresh opportunities for tech firms

The emergence of new banking players with the approval for new banking licences on Wednesday has spurred a "once in a lifetime" sort of opportunity for information technology (IT) companies. The......