The Punjab National Bank told police officials that it has uncovered additional exposure of about Rs 942 crore in connection with the massive alleged fraud it is at the centre of, Reuters reported on Tuesday.
"Letters of credit and bank guarantees for trade credits may continue to be issued subject to compliance with the regulations". The guaranties are given for import of all non-capital goods permissible under the Foreign Trade Policy (except gold), and up to three years for import of capital goods.
State Bank of India and three other state-run banks, Union Bank of India, UCO Bank and Allahabad Bank, are among lenders who have extended credit based on the LoUs issued by PNB that were later found to be fraudulent. This is with response to a Hindustan Times Report mentioning that Nirav Modi in an email had offered jewelry worth Rs. 2,000 crore, current account deposits of Rs 200 crore and immovable properties of Rs 50 crore to settle part of his liabilities.
Kejriwal advisor VK Jain resigns On the issue of 351 roads, which have been pending notification as commercial or mixed-land use for over 10 years, Mr. Advisor to Delhi's Chief Minister Arvind Kejriwal , VK Jain has resigned from his post citing personal reasons.
PNB, the second largest state-run bank, had on February 14 informed the exchanges of detecting Dollars 1.77 billion fraud at its Brady House branch in Horniman Circle area of south Mumbai and named the firms led by Modi and his uncle Mehul Choksi's Gitanjali Group and some other diamond and jewelry merchants as suspects.
The RBI decision could potentially push up the cost of imports by up to half a percentage point, besides putting foreign banks on an even keel with Indian banks in financing imports, bankers said.
He said as per inputs from PNB, messages were sent via Swift system to overseas branches of Indian banks, regarding fraudulently issued LoUs/FLCs without entering the transactions in the bank's Core Banking System (CBS).
He further said that PNB has appraised that it has taken several steps to ensure that such unauthorised activities are not repeated.
He shot 57.1% from the field, making 12 of his 21 attempts (10/10 from the line , 6/12 from three-point range). Smith for using Stephen Curry and other key players' absences as an excuse for the side's recent setbacks.
Butler's contract will be a five-year, $61 million deal with $30 million guaranteed, a source told NFL Media's Ian Rapoport . He was a full-time starter for the final three seasons and notched eight interceptions with 43 pass breakups.
The flight-tracking site FlightAware reported more than 1,300 canceled flights within, into or out of the USA on Tuesday . Amtrak temporarily suspended its Northeast Corridor Service between Boston and NY until at least 11 a.m.
United Airlines confirmed the incident to BuzzFeed News , calling it "a tragic accident that should never have occurred." . Passenger Maggie Gremminger , who said she was seating behind the woman with the dog, gave her account of what happened.
Swift then tries to grab his attention when she realises she's been turned invisible, after being handed a magic note. Swift picked up the Best Female Artist trophy at the iHeartRadio Awards but was unable to attend.
Creative Planning purchased a new position in shares of Shell Midstream Partners during the 4th quarter valued at about $235,000. The stock of Enable Midstream Partners , LP (NYSE:ENBL) has "Hold" rating given on Wednesday, January 18 by Stifel Nicolaus.
The Eagles also lost tight end Trey Burton after he agreed to a deal with the Chicago Bears, per NFL Network's Mike Garafolo . Philly drafted him in the fifth round in 2007 and spent his entire 11-year National Football League career with the team.
You may also want to check the security of any account that might be listed on your tax return, including your brokerage accounts. For example, a single person with three or more children could qualify for the EITC if they made less than $46,997.
British actress Olivia Coleman is stepping in to play the older monarch as upcoming Season 3 of the show moves into the 1970s. However, I would like to state for the record that her getting paid less than Matt Smith is bullshit of the highest order.
Marcus Smart's Chances Of Returning This Season Aren't Great
Smart will head to the Big Apple to have another examination done on his right thumb, according to NBA.com's David Aldridge. Adrian Wojnarowski of ESPN reports Smart and the Celtics are still deciding if Smart can play through the injury or not.
Albert Wilson to sign three-year deal with Dolphins
Aikens typically doesn't play much from scrimmage but he's been a valuable special teams player during his four years with Miami. Miami earlier agreed to trade Landry, a three-time Pro Bowl receiver, to the Cleveland Browns for two draft picks.
Veteran DT Haloti Ngata intends to sign with Eagles
The Eagles' defensive line continues to improve and look more menacing as the team looks to defend their Super Bowl championship. He played just five games last season, the first time he's ever missed fewer than 12 games in his 12-year career.
Kwiatkowski wins Tirreno-Adriatico ahead of Milan-San Remo
Despite losing the race lead, Caruso explained that he is not giving up on taking the overall win. "I'm just happy I won today". Thomas managed to claim the final place on the podium, ahead of Tiesj Benoot (Lotto Soudal) and Adam Yates (Mitchelton-Scott).
Rain Sunday, then slushy snow Monday
The low will be around 44, and rainfall amounts are predicted at between a tenth to a quarter of an inch. We're probably on the cool side of the front Saturday , with highs near 50 and a chance of showers.