The Impact Of The Nirav Modi Fraud On PNB’s Earnings

Nirav Modi is at the centre of an alleged Rs 11,400-crore fraud at the state-run Punjab National Bank. He runs a network of retail stores and 26 subsidiaries across at least 10 countries, designing and making jewellery for the rich and famous.

[harimurlidhar]

Very difficult to believe the lower level officer of PNB was only involved, the LOU above 100cr is approved ONLY by the directors of the Board & valid for only 3 month & need to be reviewed & renewed, the top management are involved immediate suspension of the various official & MD too need to step down, accountability will only create fear among other PSU bank from not getting into similar practice where they succumb to pressure from the top or Ministry

[tilokgogoi]

I am PHD holder but u know India is not made for English definition

[talkrony]

After so long, i see a quality discussion. Well done. Good analysis.

[tilokgogoi]

English is a subject for indian not a language

[sawanur]

Every thing she said can be summarised in less than 5min no wonder the analyst real asset is stretch and dance around actual information rather give straight information. It is only because the current government in power it came out else the previous government would have brushed it under the carpet. Cleanup should start in all banks by strict guidelines to auditors by regulators.