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Asia Times

Asia Times

Covering geo-political news and current affairs across Asia

Tag: bank fraud India

The entrance of Punjab National Bank's Brady House branch in Mumbai. Photo: AFP
Posted inIndia, South Asia

Punjab National Bank hit by second huge fraud

by KS Kumar July 9, 2019February 18, 2020

The Punjab National Bank in India, which was hit by a massive US$2-billion scam last year, has reported a second huge fraud by borrowers – disclosing a 38-billion-rupee ($556 million) hole in Bhushan Power and Steel Ltd’s account. India’s fourth-largest bank informed the Reserve Bank that Bhushan Power and Steel staff misappropriated bank funds and […]

Posted inSouth Asia

Videocon, Kochhar had dummy directors: probe

by KS Kumar July 4, 2019February 18, 2020
The Reserve Bank of India. Photo: AFP
Posted inIndia, South Asia

India’s central bank approves appointment of ICICI Bank CEO

by Asia Times staff October 16, 2018February 18, 2020
The entrance of Punjab National Bank's Brady House branch in Mumbai. Photo: AFP
Posted inIndia, South Asia

India’s PNB fraud due to lapses at many levels, report says

by Asia Times staff June 20, 2018February 18, 2020
ICICI Bank CEO Chanda Kochhar. Photo: AFP
Posted inIndia, South Asia

As CEO faces probe, ICICI Bank may shuffle top deck

by Asia Times staff June 18, 2018February 18, 2020
Supporters of India's Congress party shout slogans and burn an effigy of billionaire jeweler Nirav Modi in New Delhi on February 16, 2018. Photo: AFP
Posted inAT Finance, China, Hong Kong, India, Singapore, South Asia

India’s PNB scam accused Nirav Modi flees to Brussels

by Asia Times staff June 14, 2018February 18, 2020
A branch office of Axis Bank in New Delhi. Photo: Reuters
Posted inIndia, South Asia

Indian bourses welcome move to curb Axis Bank chief’s term

by Asia Times staff April 10, 2018February 18, 2020
An ICICI Bank ATM in New Delhi. Photo: Reuters
Posted inIndia, South Asia

India’s ICICI Bank backs CEO amid charges of favouritism

by Asia Times staff March 29, 2018February 18, 2020
The logo of the Punjab National Bank outside a branch in London. Photo: Reuters
Posted inIndia, South Asia

Interpol asks for information on Indian diamond traders

by Asia Times staff March 23, 2018February 18, 2020
A Canara Bank office in Mumbai. Photo: Reuters
Posted inIndia, South Asia

Staff at second state bank in India hit with fraud charges

by Asia Times staff March 20, 2018February 18, 2020
The logo of the Punjab National Bank outside a branch in London. Photo: Reuters
Posted inIndia, South Asia

India’s PNB seeks provisioning to cover scam loss

by Asia Times staff March 9, 2018February 18, 2020
The logo of the Punjab National Bank outside a branch in London. Photo: Reuters
Posted inIndia, South Asia, World

PNB fallout: Indian importers hit as banks tighten rules

by Asia Times staff February 22, 2018February 18, 2020
A Punjab National Bank branch in Kolkata. Photo: Reuters
Posted inIndia, South Asia

PNB scandal: Indian state bank stocks suffer 22% fall

by Asia Times staff February 21, 2018February 18, 2020
The logo of the Punjab National Bank outside a branch in London. Photo: Reuters
Posted inIndia, Middle East, South Asia

PNB scam: Exposure to other banks may top US$3 billion

by Asia Times staff February 19, 2018February 18, 2020

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