PNB has lost over Rs 8,000 crore of market valuation in two days -- an amount equivalent to over six-times its full-year profit.

PNB stocks continue to slide for third consecutive day

Nirav Modi, his wife, and others allegedly worked with officials of Punjab National Bank to illegally obtain Letters of Undertaking.

ED conducted 'in-camera' raids on Nirav Modi's showrooms

Prakash Karat said the Punjab National Bank fraud was 'a type of crony capitalism flourishing in the Prime Minister Narendra Modi government'

PNB scam a type of crony capitalism: CPI-M

He said 'the scam which has come into the light is a scam of the UPA Government. This started during the UPA's reign in 2011. It is the alertness of the NDA government which has brought this scam into the light'

PNB Scam: Fraud came to light due to alertness of NDA govt says Union Minister Prakash Javadekar

RBI data shows state-run banks have reported 8,670 'loan fraud' cases totalling Rs 61,260 crore over the last five financial years

RBI's unpublished data shows India's fraud problems extend far beyond PNB

This could be the biggest banking fraud in India as its quantum is bigger than an estimated 9,000 crore scam at erstwhile Satyam computers.

Who is Nirav Modi, the billionaire jeweller at centre of Rs 11,400 crore PNB scam

'We promptly investigated it for 3-4 days, we went to CBI on 29 Jan and FIR was booked on (Jan) 30,' Sunil Mehta said

Scam began in 2011, bank discovered it in January 2018: PNB MD

Speaking to reporters at a press conference, Mehta said the bank detected the fraud in January.

'We exposed the scam first and informed CBI', says PNB managing director

The police are trying to track down the billionaire even as media reports say he may be Switzerland.

PNB scam: Did Nirav Modi flee the country before FIR?

Punjab National Bank (PNB) has cautioned other banks about the "modus operandi of the scam".

Watch: Enforcement Directorate raids billionaire jeweller Nirav Modi's office & showrooms

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