New Delhi: The Cabinet has approved the consolidation of 10 Public Sector Banks (PSBs) into four ‘mega banks’ from April 1. The Narendra Modi Government had announced the mega merger in August last year. As per the plan, United Bank of India and Oriental Bank of Commerce would merge with Punjab National Bank, making the…
Echo of Nirav Modi’s Punjab National Bank Scam: Mysuru jeweller too was cheated of Rs. 1 cr.
February 23, 2018Mysuru: The Rs. 11,300 crore Punjab National Bank (PNB) fraud has a Mysuru connection. A case is pending in a Mysuru Court where the Managing Director of Gitanjali Jewels Mehul Choksi, the business partner of PNB scam mastermind Nirav Modi, has been accused of cheating a city jeweller here. Amit Kumar Madanlal, a jeweller in…
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