Bharat Express

Punjab National Bank

In a major blow to Nirav Modi, the UK High Court has denied his fourth bail application. The alleged mastermind of the $1 billion Punjab National Bank fraud was refused bail due to the scale of the offence, the ED said on Friday.

RBI fined Punjab National Bank Rs 1.32 crore for breaching 'Loans and Advances - Statutory and Other Restrictions' norms and KYC guidelines.

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