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India: PNB uncovers more fraud at troubled Mumbai branch

PunjabNationalBank(PNB)hasuncoveredmoresuspectedcreditguaranteefraudwithintheMumbaibranchatthecentreofasimilarallegedscamworthover$2billion,accordingtoacomplain

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India: PNB discloses $145 million additional exposure in fraud probe

ThePunjabNationalBankhastoldpolicethatithasuncoveredadditionalexposureofabout9.42billionrupees($145.2million)inconnectionwithamassiveallegedfraud,accordingtoaco

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India: CBI arrests four more in $2 billion PNB probe

TheCentralBureauofInvestigations(CBI)hasmadefourmorearrestsinthe$2billionfraudcaseinvolvingstatelenderPunjabNationalBank(PNB),wideningtheinvestigationofthebigge

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India: Punjab National Bank says scam may cost bank nearly $2 billion

PunjabNationalBank(PNB)saidtheamountoffraudulenttransactionsinvolvingthebankcouldgoupbyabout$204millioninadditiontothe$1.77billionithadearlierreported,sendingsh

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India: RBI orders changes to bank protocols after $1.8 bln fraud case

India’scentralbankhastoldlenderstolinktheirinternalsoftwarewiththeSWIFTinterbankmessagingsystembytheendofApril,andtoalterarangeofotherprotocolswithimmediateeffe