ICICI Bank had said it neither had issued any Letter of Undertaking (LOU) nor had any buyer's credit exposure against LOUs with respect to the Nirav Modi group of companies as well as the Gitanjali group of companies.
The CBI on Tuesday arrested Gitanjali Group Banking Operations Vice President Vipul Chetalia.
Meanwhile, the CBI told a Mumbai court on Monday that violation of norms for issuance of Letters of Undertaking (LoUs) to benefit billionaire jeweller Nirav Modi and his uncle Mehul Choksi had been going on since 2010.
The SFIO also said PNB MD and CEO, Sunil Mehta, has been summoned on Wednesday.
White House denies security adviser HR McMaster is departing
Sources with knowledge of McMaster's standing in the White House have repeatedly said that he has been on thin ice for months. Catz was on President Trump's transition team, and was previously mentioned as a potential Director of National Intelligence.
The SFIO's Mumbai head confirmed to India Today that both Chanda Kochhar and Shikha Sharma have been summoned. It does not have any exposure to companies linked with Modi. The SFIO also issued letters to select banks, asking them to explain the working capital facility given to Gitanjali Group.
An LoU is a guarantee by a bank to pay another lender for imports by companies and is considered crucial for cross-border trade. He has been taken for addressing at the Bandra-Kurla Complex, an authority said.
An LoU is a guarantee which is given by an issuing bank to Indian banks having branches overseas to grant short-term credit to the applicant.
Shares of the State Bank of India fell 2.77 per cent to settle at Rs 256.50 on BSE, while that of ICICI Bank tumbled 2.64 per cent to end the day at Rs 295.10. The investigating agency had issued a look out circular against him.
After the state-owned Punjab National Bank, which is the epicentre of the fraud, two of the country's leading private sector banks - ICICI Bank and Axis Bank - are now under the scanner. The scam unearthed at PNB's branch in Mumbai allegedly involved diamond merchant Nirav Modi and various officials from his company colluding with senior bank officials to issue LoUs without proper checks and securities.
Vietnam and China have competing claims in the South China Sea , which has been of increasing concern to Hanoi. John Fuller stressed that the USA was "not going to pick sides" in ongoing disputes between Vietnam and China.
Kenny Bachman was out with friends in Morgantown, West Virginia , when he called an Uber to take him back to his friend's place. Why did you agree to take me to New Jersey from West Virginia? " he said , upon waking from his expensive, 300 mile nap.
The Chief Minister said when it comes to Northeast, the Prime Minister has always accorded great importance to its development. On Saturday, the Election Commission had declared BJP victorious in 35 of the 59 seats contested in the Assembly elections.
Stung by their worst post-war results, the SPD had initially ruled out another four years in Merkel's shadow. The party organs of the CDU and CSU had approved the coalition deal last month. "We now have clarity".
This is just the latest development in a battle between two tech titans that leaves consumers left in the crossfire. And now, it looks as though smart-home manufacturer Nest, also owned by Google , is set to suffer a similar fate.
We had no intensity in our play, we thought we could just stroll about. "But I am delighted and I am proud of my players". Carvalhal preferred not to single any one player out for credit, saying: "When we win 4-1 it's not about one player".
The President also instructed the officers to enhance Russia's information space protection from cyber threats. He showed off a bunch of new or recent nuclear weapons systems, created to defeat USA missile defenses.
The Secret Service also tweeted that pedestrian and vehicular traffic around the White House has been affected by the incident. Most recently, on February 23, a vehicle drove into a security barrier outside the building.
Google sold Zagat, but it'll probably be OK
Google Maps is one of the most popular and reliable mapping/navigation services, but it's not without its faults. It popularized the branded hashtag #EEEEEATS on Instagram and runs food-related accounts on image-sharing app.
Scott McTominay picks Scotland over England
He has yet to represent either country at youth level but has trained with Scottish youth sides in the past. Instead, he now faces the very real possibility of never playing in a major global tournament.
Three arrested following looting in west Dublin
Eight men have been charged with various offences including theft, burglary and trespassing arising from last night's incident. Shortly after this incident occurred, guards arrived on the scene and nine people were arrested.
How should Tibetans prepare for a long-term Xi Jinping?
The sweeping anti-corruption campaign he launched to strengthen his grip on power has ensnared corrupt officials at all levels. George Orwell's Animal Farm and 1984 have been prohibited in China, as well as the Chinese puppet film Emperor's Dream.