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Post Nirav Modi fraudlent transactions, Punjab National Bank (PNB) has reported another fraud to CBI and this time it’s related to Prime Minister flagship loan program MUDRA Yojana. The volume of loan fraudlent transaction is limited to only 62 lacs in 26 Mudra loan accounts. One of the PNB branch in Barmer distraic of Rajasthan […]
After Punjab National Bank (PNB) scam, and many other banks, another public sector bank, Oriental bank of Commerce (OBC) has filed the cased against Delhi’s based diamond exported Dwarka Das Seth International Pvt Ltd for the alleged fraud. The mode of operandi is similar to PNB Nirav modi fraud i.e. issuance of letter of vredit/letter of […]
Seriously time is not running well for State run Public Sector Bank, Punjab National Bank (PNB). After Rs 11,400 crore Nirav Modi fraud, the cyber security firm has reported the data breach in the Debit and Credit card of Bank’s customers. The details of Debit & credit Card like names, expiry dates, Personal Identification Numbers and […]
PNB Niravgate has opened the gate for many of the TRP hungry media houses. Post PNB fraud, majority of media houses get licence to speak any thing eye catching to get the better TRP. The recent news relatd to transfer of 18,000 employees by PNB management on CVC advise, which have been shown on many […]
Reserve Bank of India (RBI) revised Know your customer guidelines (KYC) may close the digital wallets business in India.Earlier in the month of October, 2017, RBI had given the deadline of 28th Feb 2018 for completion of Full KYC in all the Digital Wallet accounts maintained by eWallet companies. In the revised guideline, RBI had […]
After lowering of other Small saving interest, it’s time for Employee’s Provident Fund (EPF) interest which is lowered by 0.10% to 8.55% for 2017-18 as compare to 8.65% previous year 2016-17. Read : PPF Account – Details & Rules For Deposit, Withdrawal & Tax In the year 2015-16, the interest rate on EPF balances was 8.80%. […]
Fraud in City Union Bank – Past week was really very bad for India’s Banking sector. Post PNB scam,City Union Bank said it suffered three fraudulent remittances of nearly USD 2 million (about Rs 12.8 crore). The mode of fraud is similar to Punjab National Bank scam involing SWIFT. As like fraud at Punjab National Bank (PNB), […]
11,500 Crore PNB Scams has hit the nation.Read – PNB Detected Rs 1.13 Lakh Crore Fraudulent Transactions ,How did this huge scam happened by single entity and regulator were not able to trace it for so long ? This scam is not just limited to Punjab National Bank rather other banks like Allahabad Bank, Axis Bank, […]
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