CapitalStars Financial Research Pvt Ltd

CapitalStars

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market.we specialize in thorough fundamental and technical research analysis in equity and commodity market to provide best equity and commodity tips to traders and investors.we provide intraday as well as delivery stock tips in NSE and BSEand commodity tips in MCX and NCDEX. Read More

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In this service we provide 3-4 intraday calls in MCX with a high level of accuracy. The calls are given in Precious Metals, Base Metals and Energies. You can also avail Free Tips for two days to test our accuracy and if satisfied you can join the services with Capital Stars. Read More

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CapitalStars provides Free Trial in Intraday as well as in Positional Services of Equity, Derivatives, and Commodities and Forex Markets. We provide recommendations in NSE, BSE, MCX, NCDEX, and MCX-SX etc. We render you enough entry and exit time in our calls so clients can easily maximize their profits. Read More

Thursday 15 February 2018

Capitalstars Updates: Gitanjali tumbles 15%, PNB continues to bleed: 15 Feb 2018


Capitalstars Updates: PNB Fraud


SEBI is likely to probe possible disclosure lapses by banks and other listed companies.

State-owned Punjab National Bank on Wednesday revealed that it has detected a ~Rs11,400cr scam where billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking (LoUs). LoUs were opened in favour of overseas branches of Indian banks for import of pearls for a period of 1 year. On the other hand, RBI guidelines stipulate on the 90-day timeline from date of shipment vs 1 year in LoUs.

PNB has cautioned other banks also about the modus operandi of the scam. Four big jewellers – Gitanjali, Ginni, Nakshatra and Nirav Modi – are under scanner, as similar modus operandi was used by the same official for companies belonging to Gitanjali Gems promoted by Mehul Choksi as per the media reports. "The CBI and Enforcement Directorate is looking at their arrangements with various banks and end use of money,” a senior official of a public sector bank told wire agency PTI.

The country’s second-largest public sector bank (PSB) said two of its employees were involved in the scam, where the bank’s core banking system was bypassed to raise payment notes to overseas branches of other Indian banks, including Allahabad Bank, Axis Bank, and Union Bank of India, using the international financial communication system, SWIFT, as per media sources. 

SEBI is likely to probe possible disclosure lapses by banks and other listed companies, including several jewellery firms that have come under the scanner. Stock exchanges would also analyse trading data of these companies and their top officials as per media sources. The latest development, experts believe, is expected to give a further push for the regulator's proposal to mandate listed companies to disclose loan defaults within a day of happening.



Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide a free trial to our client.Join our services and trade with us. 


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* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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