Brief: India's PNB Says SEBI Warns Co About Disclosures Made w.r.t Nirav Modi Group, Gitanjali Group

Gitanjali Gems

17/05/2018 09:34

May 17 (Reuters) - Punjab National Bank  PNBK.NS :
    * SAYS SEBI WARNS CO IN LETTER REGARDING DISCLOSURES MADE IN
RESPECT OF NIRAV MODI GROUP, GITANJALI GROUP
    * CO HAS NOT MADE PROVISION/DISCLOSURE W.R.T. FRAUD OF 2.80
BILLION RUPEES IN FINANCIAL STATEMENTS FOR QUARTER ENDED DEC
2017
    * SAYS SEBI ADVISES CO TO BE CAUTIOUS IN FUTURE IN RESPECT
OF
COMPLIANCES OF SEBI LODR REGULATIONS
    * SEBI OBSERVED DELAY OF 1-6 DAYS BY PNB IN MAKING
DISCLOSURES TO
EXCHANGES PERTAINING TO FILING OF REPORTS/COMPLAINTS WITH RBI,
CBI

Source text: http://bit.ly/2rNq720
Further company coverage:  PNBK.NS 

 ((Reuters.Briefs@thomsonreuters.com;))