PNB scam: Bank ignored auditors' warning

The banks also received a warning from the rating agency Care, in February 2016, after Firestar's financials deteriorated.Dev Chatterjee reports. Photograph: Rupak De Chowdhuri/Reuters Indian......

PNB scam: Senior Nirav Modi official Vipul Ambani arrested

In a major development in the Punjab National Bank-Nirav Modi fraud case, the Central Bureau of Investigation on Tuesday arrested president, finance, Firestar International Pvt Ltd, Vipul Ambani.......

Same old story? How banks ignored alerts

IMAGE: The Punjab National Bank branch where fraudulent transcations worth USD 1.77 bn were detected, in Mumbai. .Photograph: Shirish Shete/PTI Photo. Despite the rating agency CARE withdrawing......