It is the UPA Government which should take responsibility for the fraud which was perpetrated since 2011. After the Nirav Modi scam came to light, I tend to think scams have a shelf life of 4-6 years only. read more
scams like nirav modi are silent killer for psbs.In order to combat these kind of frauds in banks internal risk management system should be developed and well equipped. direct intervention of rbi and banking regulating agencies are needed for lending loans and amenities to any business groups and organization. read more
Amid debate over who among banks will bear the loss from the Rs11,400 crore fraud in Punjab National Bank ( PNB), celebrity jeweller Nirav Modi has said PNB’s overzealousness shut the doors on his ability to clear the dues in a letter to the Punjab National Bank’s management. read more