February 2, 2018 - It is with a mixture of emotion that we must inform you that Interceder will cease its service over the coming weeks. For nearly a decade we have been helping you find relevant information across thousands of news and social sources, to keep you abreast of the latest news. We’re a small team of two who have run Interceder outside of our regular day jobs and are intensely proud of what we managed to accomplish over the years. Through a lack of time to maintain the site and growing costs associated with acquiring, indexing, analysing and hosting content we will be shutting down Interceder for good. All things reach a natural end, but we could not be more grateful for the way you made us part of your day, so instead of saying goodbye we would just like to say thank you!

PNB

Latest articles

22m
Business Standard India
PNB scam and NPA crisis: Are we looking at a long-term bear market?The Rs 14 billion scam at Punjab National Bank (PNB) has dominated headlines an
Business Standard India / Posted 22 minutes ago
The Rs 14 billion scam at Punjab National Bank (PNB) has dominated headlines and shaped sentiment through the last week. Nobody is clear as to what the final damage across the banking system would be, since we don’t yet know which banks are exposed... Read more
22m
Business Standard India
Regulatory lessons: India should reduce dependence on the banking systemThe accusations levelled against staffers of Punjab National Bank (PNB) — that
Business Standard India / Posted 22 minutes ago
The accusations levelled against staffers of Punjab National Bank (PNB) — that they arranged for letters of undertaking to be provided to foreign branches of Indian banks to benefit companies controlled by jeweller Nirav Modi and associates — have... Read more
35m
asianage
Pen firm Rotomac owner booked for Rs 3,600 cr scamNew Delhi: As the controversy over the PNB bank fraud rages, the CBI on Mon-day
asianage / Posted 35 minutes ago
New Delhi: As the controversy over the PNB bank fraud rages, the CBI on Mon-day registered a case against another high-profile businessman, Rotomac pen promoter Vikram Kothari, over alleged swindling of Rs 3,695 crore bank loans. The scam, sources... Read more
179 related articles
1h
The Indian Express
Nirav Modi case: How come no one noticed for seven years, CVC asks Punjab National Bankinvestigation into the Rs 11,400-crore Nirav Modi case and submit a report in t
The Indian Express / Posted an hour ago
investigation into the Rs 11,400-crore Nirav Modi case and submit a report in ten days. Sources said the CVC asked PNB officials to investigate how the irregularities went undetected for seven years given that audits were conducted each... Read more
179 related articles
1h
The Indian Express
17 months before PNB Scandal: RBI had cautioned against SWIFT abuse at Union Bank — just in timeThe Punjab National Bank (PNB) branch where fraudulent transactions were detect
The Indian Express / Posted an hour ago
The Punjab National Bank (PNB) branch where fraudulent transactions were detected. (Express Photo: Ganesh Shirsekar) Seventeen months before the Punjab National Bank loan scandal became public, there was an attempt to defraud another public sector... Read more
179 related articles
2h
asianage
CBI (un)seals Punjab National Bank bank at FortMumbai: The CBI on Monday arrested three more officers of the Punjab National B
asianage / Posted 2 hours ago
Mumbai: The CBI on Monday arrested three more officers of the Punjab National Bank (PNB) Brady House branch on Monday in connection with the Nirav Modi scam case. Those arrested were identified as Bechhu Tiwari, chief manager, in charge of Forex... Read more
179 related articles
2h
asianage
CBI arrests three more Punjab National Bank men for fraudNew Delhi/Mumbai: As multiple investigating agency launched simultaneous action
asianage / Posted 2 hours ago
New Delhi/Mumbai: As multiple investigating agency launched simultaneous action in the PNB fraud, the CBI on Monday arrested three more officials of Punjab National Bank’s Brady House branch in Mumbai as part of its investigation into the alleged Rs... Read more
179 related articles
2h
asianage
Rahul Gandhi hits out at PM’s silence on Nirav casea video of the Gold Monetisation Scheme of 2015 of the Prime Minister mentionin
asianage / Posted 2 hours ago
a video of the Gold Monetisation Scheme of 2015 of the Prime Minister mentioning Mehul Choksi one of the accused in the PNB scam. While Congress spokesman Manish Tewari on Monday asked the government as to why Mehul Choksi was allowed to leave... Read more
179 related articles
5h
Business Standard India
Nirav Modi diverted Rs 12.16-bn SEZ diamonds to domestic market:T Deptwhich represents the unaccounted sale of imported diamonds diverted to domestic
Business Standard India / Posted 5 hours ago
which represents the unaccounted sale of imported diamonds diverted to domestic markets," the report said. The DGIT (Inv) raided Nirav Modi's premises and offices in Surat's SEZ in January 2017. Read our full coverage on Nirav Modi sc... Read more
5h
Business Standard India
PSBs' stocks continue to reel after PNB fraud case; drop as much as 10%State-owned banks continued to reel under the multi-billion fraud at Punjab Nat
Business Standard India / Posted 5 hours ago
State-owned banks continued to reel under the multi-billion fraud at Punjab National Bank (PNB) with Nifty PSU Bank index dropping 2.5 per cent to a four-month low. The gauge for the performance of public sector banks (PSBs) has dropped 10 per cent... Read more
3 related articles
5h
asianage
CM Arvind Kejriwal back with a vengeanceat India Gate, has been particularly vocal about the recent mega-crore-rupee sc
asianage / Posted 5 hours ago
at India Gate, has been particularly vocal about the recent mega-crore-rupee scam involving jeweller Nirav Modi and the PNB on the micro-blogging site. In tweet after tweet in the past few days, the CM has been taking on the BJP and PM Modi... Read more
179 related articles
5h
asianage
Nirav Modi says PNB closed all optionsModi,the kingpin behind the largest banking scam in the country’s history, has
asianage / Posted 5 hours ago
Modi,the kingpin behind the largest banking scam in the country’s history, has virtually wrung his arms in the air saying PNB’s overzealousness has shut the doors on his ability to clear the dues, which he claimed is much lower than the bank has... Read more
5h
The Morning Call
Fabolous, 2000s chart-topping rapper, added to PPL Center hip-hop show10, according to PPL Center’s website, www.PPLCenter.com. The show previously
The Morning Call / Posted 5 hours ago
10, according to PPL Center’s website, www.PPLCenter.com. The show previously announced as headliners Philadelphia rapper PnB Rock, best known for last year’s gold single “Selfish,” a Top 20 hit on Billboard’s Rap chart; A Boogie wit da Hoodie,... Read more
6h
The Hindu
Bank bureau stares at uncertain futureit. The issue of governance and role of the board in public sector banks came t
The Hindu / Posted 6 hours ago
it. The issue of governance and role of the board in public sector banks came to the fore again after the ₹11,500 crore PNB scam broke out last week. “As part of its mandate, and guided by a spirit of collaboration, the bureau is engaging with... Read more
6h
The Hindu
CBI arrests three senior PNB officialsNirav Modi group offices in the Peninsula Business Park in Lower Parel. The CB
The Hindu / Posted 6 hours ago
Nirav Modi group offices in the Peninsula Business Park in Lower Parel. The CBI’s search at the Brady House branch of the PNB continued for the third consecutive day and concluded on Monday night, officials said. Sources said documents, computers... Read more
179 related articles
6h
The Hindu
Nirav Modi blames PNBon his ability to clear the dues, which he claimed were much lower than the amo
The Hindu / Posted 6 hours ago
on his ability to clear the dues, which he claimed were much lower than the amount stated by the bank. In a letter to the PNB management, a copy of which PTI has seen, Mr. Modi has pegged the amount that his companies owe the bank at under ₹5,000... Read more
7h
Business Standard India
Govt tells PSBs to integrate banking systems, rotate staff as a policysystem," said a senior official on condition of anonymity.ALSO READ: Indian ban
Business Standard India / Posted 7 hours ago
system," said a senior official on condition of anonymity.ALSO READ: Indian banks taking hit of $3 bn due to PNB fraud is false news: Govt PNB says the scam was undetected as its CBS was not integrated with SWIFT, helping executives... Read more
179 related articles
7h
dna
PNB scam: Arvind Kejriwal pulls out his crusader's cape, fires salvo at Modi govt over corruptionalleging that Nirav Modi and his uncle had committed a bank fraud of almost Rs
dna / Posted 7 hours ago
alleging that Nirav Modi and his uncle had committed a bank fraud of almost Rs 11,400 crore with the connivance of some PNB officials hogged the headlines, Kejriwal posted 18 tweets. Of these, 11 related to the scam and hit out at the government... Read more
179 related articles
7h
The Borneo Post
Takaful Ikhlas adds another feather to cap with awardis listed in the Main Board of Bursa Malaysia Securities Berhad (Bursa Securiti
The Borneo Post / Posted 7 hours ago
is listed in the Main Board of Bursa Malaysia Securities Berhad (Bursa Securities) of which the major shareholder is Permodalan Nasional Berhad and various PNB Unit Trust schemes. On May 5, 2014, the company converted its status to be public compa... Read more
8h
The Hindu
PNB Fraud: Rahul questions PM’s silenceQuestioning the silence of Prime Minister Narendra Modi over the Punjab Nationa
The Hindu / Posted 8 hours ago
Questioning the silence of Prime Minister Narendra Modi over the Punjab National Bank (PNB) fraud case, Congress president Rahul Gandhi on Monday said “his silence speaks where his loyalties lie.” Mr. Gandhi said the people of India are eager to... Read more
179 related articles
9h
The Hindu
Spat over pictures of Bengal FM with Choksiwith him?” Mr. Mitra told journalists. Meanwhile, the photographs were removed
The Hindu / Posted 9 hours ago
with him?” Mr. Mitra told journalists. Meanwhile, the photographs were removed from the Bengal Global Business Summit website. Unperturbed by the controversy, Chief Minister Mamata Banerjee continued to target the Centre on... Read more
9h
The Hindu
Bank stocks continue to weigh over broader indiceslast week after fraudulent letters of undertaking (LoUs) were issued from a bra
The Hindu / Posted 9 hours ago
last week after fraudulent letters of undertaking (LoUs) were issued from a branch in Mumbai to secure overseas credit. PNB shares fell 7.3% on Monday, and in the last four sessions that is since the fraud was reported, the stock tanked 31%. The... Read more
9h
The Hindu
PNB fraud: Vigilance Commission seeks report in 10 daysThe Central Vigilance Commission has sought detailed reports from the Punjab Na
The Hindu / Posted 9 hours ago
The Central Vigilance Commission has sought detailed reports from the Punjab National Bank (PNB) and the Finance Ministry on the ₹11,200-crore scam that has rocked the Indian banking sector. The report has to be submitted in 10 days, according to... Read more
179 related articles
9h
asianage
PNB fraud: ED raids Nirav Modi’s Mumbai residence, seizes valuables worth Rs 5,716 crGems, to appear before it on February 23 at its Mubai zonal office. ED sources
asianage / Posted 9 hours ago
Gems, to appear before it on February 23 at its Mubai zonal office. ED sources said the agency is also talking to senior PNB officials to ascertain how Letters of Understanding (LoUs) are issued and other bank operations done. It also obtained... Read more
179 related articles
9h
asianage
Govt says PNB fraud points to 'supervisory failure' at RBIbanks, told Reuters in New Delhi the Finance Ministry had written to banks to t
asianage / Posted 9 hours ago
banks, told Reuters in New Delhi the Finance Ministry had written to banks to take effective steps to avoid a repeat of a PNB-like fraud. Mr Kumar declined to comment if the government had written to the RBI. But in among the first official... Read more
179 related articles
10h
Central Chronicle
AIBEA condemns ASSOCHAM’s demand to privatise banksmouthpiece of the industrialists and business houses has suggested privatizatio
Central Chronicle / Posted 10 hours ago
mouthpiece of the industrialists and business houses has suggested privatization of banks in view of the recent fraud in PNB. They have conveniently forgotten the track record of private banks in our country. If private banks are really... Read more
11h
Business Standard India
PNB scam: Kejriwal takes multiple potshots at Modi govt, on Twitter35 tweets by the tax officer-turned-politician over three days last week, 24 po
Business Standard India / Posted 11 hours ago
35 tweets by the tax officer-turned-politician over three days last week, 24 posts were on the scam.ALSO READ: Nirav Modi PNB fraud: PM Modi's silence speaks of his loyalties, says Rahul Most of them castigated the government for the fraud and the... Read more
179 related articles
11h
Business Standard India
'Explain how scam took place': CVC seeks report from PNB, FinMin in 10 daysCVC has given the bank 10 days to prepare and submit the report. Earlier, offi
Business Standard India / Posted 11 hours ago
CVC has given the bank 10 days to prepare and submit the report. Earlier, officials from PNB, Reserve Bank of India (RBI) and Department of Financial Services gave a two-hour long presentation to CVC about the case. The law enforcement agency has... Read more
179 related articles
11h
Gulf News
How did Nirav Modi pull off $2b bank fraud?by diamond merchants Nirav Modi and his uncle Mehul Choksi alleged to have swin
Gulf News / Posted 11 hours ago
by diamond merchants Nirav Modi and his uncle Mehul Choksi alleged to have swindled the state-run Punjab National Bank (PNB) of more than Rs110 billion (Dh6.2 billion or $1.77 billion).Indian banks could take a hit of more than $3 billion from... Read more
179 related articles
12h
Business Standard India
PNB fraud: Govt thinks RBI may be unable to ensure effective supervision?Reuters in New Delhi the finance ministry had written to the country's banks to
Business Standard India / Posted 12 hours ago
Reuters in New Delhi the finance ministry had written to the country's banks to take effective steps to avoid a repeat of a PNB-like fraud. Kumar declined to comment if the government had written to the RBI. The government action comes as federal... Read more
179 related articles
12h
Gulf News
Nirav Modi: When diamonds are not foreverindeed lived up to his promise.Indian investigators yesterday closed down a bra
Gulf News / Posted 12 hours ago
indeed lived up to his promise.Indian investigators yesterday closed down a branch of the state-run Punjab National Bank (PNB) that is at the heart of Modi’s $1.77 billion (Dh6.5 billion) fraud — the biggest scam in the country’s banking... Read more
179 related articles
12h
asianage
2 top Gitanjali Gems’ officials quit, says ‘conscience doesn't permit to continue’of Gitanjali Gems, the company owned by Mehul Choksi --- another name that has
asianage / Posted 12 hours ago
of Gitanjali Gems, the company owned by Mehul Choksi --- another name that has surfaced in the Punjab National Bank (PNB) fraud case – resigned from office with immediate effect. According to a report in NDTV, the two senior employees of... Read more
13h
Business Standard India
PNB will have to own responsibility of bona fide transactions, says FinMinIndia's Punjab National Bank (PNB), which is at the centre of a probe into a $1
Business Standard India / Posted 13 hours ago
India's Punjab National Bank (PNB), which is at the centre of a probe into a $1.77 billion loan fraud scam, will need to honour the "bona fide" transactions that have occurred through the bank's platform, a finance ministry official said on... Read more
179 related articles
13h
asianage
Fraud amount Rs 3,695 cr, ED registers FIR against Rotomac pens-owneris the second major bank fraud to surface in the recent past after the sensatio
asianage / Posted 13 hours ago
is the second major bank fraud to surface in the recent past after the sensational Rs 11,400-crore Punjab National Bank (PNB) fraud, allegedly committed by diamond merchant Nirav Modi and his uncle Mehul Choksi, who is a promoter of the Gitanjali... Read more
179 related articles
13h
asianage
Sensex plunges 263 points to end at 33,774 as markets reel under PNB falloutto end at a nearly two-month low of 33,774.66 on sustained selling in PSU, meta
asianage / Posted 13 hours ago
to end at a nearly two-month low of 33,774.66 on sustained selling in PSU, metal and banking counters amid the massive PNB fraud weighing on investors' sentiment. Moreover, renewed concerns that a rebound in global crude oil prices will have... Read more
13h
Central Chronicle
Cut Govt stake in banks below 50pc: ASSOCHAMAgencies, New Delhi The apex chamber ASSOCHAM on Sunday said that the Punjab N
Central Chronicle / Posted 13 hours ago
Agencies, New Delhi The apex chamber ASSOCHAM on Sunday said that the Punjab National Bank’s (PNB) fraudulent transactions worth Rs 11,400 crore should act as a strong trigger for the government for reducing its stake to less than 50 per cent in the... Read more
179 related articles
15h
The Hindu
CBI search at PNB’s Brady House branch continues on MondayBranch, Brady House, Fort Mumbai has continued on Monday in an ongoing investig
The Hindu / Posted 15 hours ago
Branch, Brady House, Fort Mumbai has continued on Monday in an ongoing investigation, a senior CBI officer said. The PNB Branch was secured with a seal briefly during wee hours so as to prevent any inadvertent or unauthorised opening by... Read more
15h
asianage
PNB scam: Rahul posts poem on twitter alleging Modi of 'robbing India'in the wake of Punjab National Bank fraud case, involving businessmen Nirav Dee
asianage / Posted 15 hours ago
in the wake of Punjab National Bank fraud case, involving businessmen Nirav Deepak Modi and Mehul Chinubhai Choksi. The PNB has lodged two financial fraud complaints of Rs 11400 crore and Rs 280 crore against Nirav Modi, his family members and... Read more
179 related articles
16h
Central Chronicle
ED raids Gitanjali jewels outlets in Kolkata, seizes gems and jewelry worth over Rs 7 crore(ED), which is investigating Gitanjali Group promoter Mehul Chokshi’s involveme
Central Chronicle / Posted 16 hours ago
(ED), which is investigating Gitanjali Group promoter Mehul Chokshi’s involvement in the Rs 11500 crore fraud in the PNB in Mumbai in connivance with Nirav Modi, has seized gems and jewellery worth over Rs 7 crores from different locations in... Read more
179 related articles
17h
Inquirier.net
Unified PSE trading floor debuts in BGCwould be for PSE to complete its acquisition of the PDS group which would also
Inquirier.net / Posted 17 hours ago
would be for PSE to complete its acquisition of the PDS group which would also unify the country’s capital markets,” said PNB Securities president Manuel Lisbona. PDS Group is the holding firm for fixed-income trading platform Philippine Dealing... Read more
17h
Business Standard India
CBI closes PNB branch at heart of fraudthe letters of undertaking were issued by the two employees who were working at
Business Standard India / Posted 17 hours ago
the letters of undertaking were issued by the two employees who were working at the Brady Road branch in south Mumbai. PNB shares slid for a fourth straight day on Monday, falling 6.7 percent by 0614 GMT. The sell off has wiped out about $1.7... Read more
18h
The Hindu
PNB shares tank over 7%; mcap drops ₹10,781 cr in 4 daysShares of Punjab National Bank (PNB) tumbled over 7% on Monday, extending the f
The Hindu / Posted 18 hours ago
Shares of Punjab National Bank (PNB) tumbled over 7% on Monday, extending the fall for a fourth straight session following the ₹11,400-crore fraud at one its Mumbai branches. The stock opened lower and slumped further 7.16% to its 52-week low of... Read more
18h
asianage
Top vigilance body issues advisory to public sector banks to transfer officers3 years and in the same station (municipal limits) for a period in excess of 5
asianage / Posted 18 hours ago
3 years and in the same station (municipal limits) for a period in excess of 5 years," said a BOI office memorandum. The PNB has lodged two financial fraud complaints of Rs 11400 crore and Rs 280 crore against Nirav Modi, his family members and... Read more
179 related articles
18h
asianage
Sensex slips below 34,000 mark, down by 131 pts in early tradeon distinctly weak sentiment since the detection of a massive Rs 11,400-crore f
asianage / Posted 18 hours ago
on distinctly weak sentiment since the detection of a massive Rs 11,400-crore fraud at state-run Punjab National Bank (PNB). Shares PNB remained under selling pressure and lost another 5.25 per cent. Other laggards were Tata Steel, SBI, L&T,... Read more
3 related articles
18h
asianage
Shares of Gitanjali Gems continue to fall for 4th session; down 10 per centas investor sentiment remained muted after the company came under the scanner o
asianage / Posted 18 hours ago
as investor sentiment remained muted after the company came under the scanner of various investigating agencies following PNB's Rs 11,400-crore fraud detection. The stock tumbled 9.99 per cent to Rs 33.80 -- its lower circuit limit -- on BSE. At... Read more
19h
The Hindu
CBI quizzes chief financial officer of Nirav Modi’s companythree to four years, officials said. The CBI, on Sunday, began an intensive se
The Hindu / Posted 19 hours ago
three to four years, officials said. The CBI, on Sunday, began an intensive search operation at the Brady road branch of PNB in Mumbai, which is at the centre of a colossal banking fraud involving billionaire jewellers Nirav Modi and Mehul... Read more
179 related articles
19h
Business Standard India
Nirav Modi PNB fraud: CBI seals bank's Brady House Branch in MumbaiThe Central Bureau of Investigation (CBI) on Monday sealed the Brady House Bran
Business Standard India / Posted 19 hours ago
The Central Bureau of Investigation (CBI) on Monday sealed the Brady House Branch of the Punjab National Bank (PNB) as multiple probe agencies continued with their probe into the Rs 115.15-billion (Rs 11,515 crore) fraud, according to officials. The... Read more
179 related articles
19h
asianage
PNB fraud case: CBI summons Nirav Modi’s top official, seals Mumbai branch(CBI), on Monday, summoned Nirav Modi's Chief Financial Officer to investigate
asianage / Posted 19 hours ago
(CBI), on Monday, summoned Nirav Modi's Chief Financial Officer to investigate a Rs 11,400 crore Punjab National bank (PNB) fraud case to benefit the billionaire jeweller to stars in India and abroad. Ravi Gupta, Nirav Modi’s Chief Financial... Read more
179 related articles
19h
asianage
PNB official used, shared passwords to help Nirav Modiit is dangerous for the Indian system," Trivedi said. JEWELLER TO THE STARS I
asianage / Posted 19 hours ago
it is dangerous for the Indian system," Trivedi said. JEWELLER TO THE STARS In January, Punjab National Bank, known as PNB, filed an initial criminal complaint with the country's Central Bureau of Investigation (CBI) accusing celebrity jeweller... Read more
179 related articles
19h
Central Chronicle
PNB Fraud: AIBEA demands CBI inquiry to book culpritsHyderabad, All India Bank Employees’ Association (AIBEA) on Monday demanded a
Central Chronicle / Posted 19 hours ago
Hyderabad, All India Bank Employees’ Association (AIBEA) on Monday demanded a CBI inquiry into the Punjab National Bank (PNB) Fraud to book the culprits. In a statement, AIBEA General Secretary Ch Venkatachalam also demanded a probe to get Banks... Read more
179 related articles
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