Thirty-one banks, including Punjab National Bank (PNB), ICICI Bank, Allahabad Bank, Bank of Baroda and Corporation Bank, are preparing to take a Rs 5,200 crore hit, on account of credits gave to Mehul Choksi-drove Gitanjali Group. The Rs 11,400 crore PNB misrepresentation case now undermines to leave a Rs 21,000-crore gap in the saving money division's pockets. PNB, ICICI Bank, Allahabad Bank, Bank of Baroda, Central Bank of India and Corporation Bank together record for over Rs 2,000 crore of the introduction, as per a researching office's evaluation.
The report, seen by Moneycontrol, distinguishes presentation of individual banks, for example, Bank of Baroda, Central Bank of India, Syndicate Bank, among others at over Rs 200 crore each.
Here's the full rundown of 31 banks and their presentation in the Rs 11,400 crore PNB extortion case:
PNB: Rs 587 crore
ICICI Bank: Rs 405 crore
Organization Bank: Rs 297 crore
Bank of Baroda: Rs 265 crore
National Bank of India: Rs 206 crore
Syndicate Bank: Rs 231 crore
Canara Bank: Rs 195 crore
Indian Overseas Bank: Rs 176 crore
Bank of India: Rs 173 crore
State Bank of Hyderabad (now converged with SBI): Rs 140 crore
Dena Bank: Rs 121 crore
J&K Bank: Rs 121 crore
Oriental Bank of Commerce: Rs 121 crore
Association Bank of India: Rs 121 crore
Exim Bank: Rs 109 crore
IDBI Bank: Rs 99 crore
Karnataka Bank: Rs 87 crore
State Bank of Bikaner and Jaipur (now converged with SBI): Rs 87 crore
SBI: Rs 52 crore
Vijaya Bank: Rs 63 crore
IndusInd Bank: Rs 58 crore
Karur Vysya Bank: Rs 30 crore
Lakshmi Vilas Bank: Rs 30 crore
Bank of Maharashtra: Rs 24 crore
Allahabad Bank: Rs 419 crore
Andhra Bank: Rs 240 crore
Joined Bank: Rs 207 crore
Standard Chartered Bank: Rs 100 crore
SBM Bank Mauritius Limited: Rs 75 crore
Catholic Syrian Bank: Rs 50 crore
Punjab and Sind Bank: Rs 29 crore
On February 14, PNB educated stock trades about Rs 11,400 crore worth of unapproved exchanges at its Brady House branch in view of manufactured letters of undertaking (LoUs). The bank asserted that two of its authorities had issued produced LoUs, which permitted Gitanjali Group and Nirav Modi Group of Companies to acquire cash from abroad banks, with PNB as the underwriter of the advances.
The Enforcement Directorate (ED) is wanting to recuperate Rs 3,000-4,000 crore from the land resources seized from Nirav Modi and Mehul Choksi, sources told Moneycontrol. This is notwithstanding the jewels and valuable stones seized by ED from the two gatherings, which is esteemed at Rs 5,816 crore. The ED's gauge of the estimation of valuable stones seized from the two gatherings depends on the stock esteem, which is constantly higher than the market estimation of the stones.
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The report, seen by Moneycontrol, distinguishes presentation of individual banks, for example, Bank of Baroda, Central Bank of India, Syndicate Bank, among others at over Rs 200 crore each.
Here's the full rundown of 31 banks and their presentation in the Rs 11,400 crore PNB extortion case:
PNB: Rs 587 crore
ICICI Bank: Rs 405 crore
Organization Bank: Rs 297 crore
Bank of Baroda: Rs 265 crore
National Bank of India: Rs 206 crore
Syndicate Bank: Rs 231 crore
Canara Bank: Rs 195 crore
Indian Overseas Bank: Rs 176 crore
Bank of India: Rs 173 crore
State Bank of Hyderabad (now converged with SBI): Rs 140 crore
Dena Bank: Rs 121 crore
J&K Bank: Rs 121 crore
Oriental Bank of Commerce: Rs 121 crore
Association Bank of India: Rs 121 crore
Exim Bank: Rs 109 crore
IDBI Bank: Rs 99 crore
Karnataka Bank: Rs 87 crore
State Bank of Bikaner and Jaipur (now converged with SBI): Rs 87 crore
SBI: Rs 52 crore
Vijaya Bank: Rs 63 crore
IndusInd Bank: Rs 58 crore
Karur Vysya Bank: Rs 30 crore
Lakshmi Vilas Bank: Rs 30 crore
Bank of Maharashtra: Rs 24 crore
Allahabad Bank: Rs 419 crore
Andhra Bank: Rs 240 crore
Joined Bank: Rs 207 crore
Standard Chartered Bank: Rs 100 crore
SBM Bank Mauritius Limited: Rs 75 crore
Catholic Syrian Bank: Rs 50 crore
Punjab and Sind Bank: Rs 29 crore
On February 14, PNB educated stock trades about Rs 11,400 crore worth of unapproved exchanges at its Brady House branch in view of manufactured letters of undertaking (LoUs). The bank asserted that two of its authorities had issued produced LoUs, which permitted Gitanjali Group and Nirav Modi Group of Companies to acquire cash from abroad banks, with PNB as the underwriter of the advances.
The Enforcement Directorate (ED) is wanting to recuperate Rs 3,000-4,000 crore from the land resources seized from Nirav Modi and Mehul Choksi, sources told Moneycontrol. This is notwithstanding the jewels and valuable stones seized by ED from the two gatherings, which is esteemed at Rs 5,816 crore. The ED's gauge of the estimation of valuable stones seized from the two gatherings depends on the stock esteem, which is constantly higher than the market estimation of the stones.
Get In Touch With Us Visit - https://www.asianresearchhouse.com/ OR Give Us Missed Call @8085999888 & Get Free Trading Tips OR - Click Here & Get 2 Day's Free Trail Here
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