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The bank did not name the people involved but said it had reported the deals to law enforcement agencies LATEST NEWS :  India's Punjab National Bank said on Wednesday it had detected "fraudulent and unauthorised" transactions worth about $1.77 billion at one of its branches in Mumbai. The bank said in a statement the transactions were "for the benefit of a few select account holders with their apparent connivance" and that "based on these transactions other banks appear to have advanced money to these customers abroad." The bank did not name the people involved but said it had reported the deals to law enforcement agencies and would decide whether it faces any liability arising out of the transactions later. PNB shares fell as much as 5.7 per cent in early trading on Wednesday. ALSO READ THIS :  DAC Clears Proposal Worth Rs 15,935 Crore

A scrap dealer was killed and his mother, wife, sister and sister-in-law raped by a group of armed men who waylaid their car and also looted the family, near Jewar on the Yamuna Expressway in Uttar Pradesh early on Thursday, police said. The incident occurred some 60 km from here on Jewar at around 1.30 a.m. Eight members, including four women, of a Greater Noida-based family were headed to Bulandshahr to visit an ailing relative in a hospital there. According to the victims, six armed men forced the car, an Eeco van, to stop by shooting at its tyres near Sabota village in Jewar. The armed men took turns to rape the women at gun point in a nearby field. When scrap dealer Shakeel Qureshi, 40, put up a resistance, the men shot him dead. The victims were also looted of their valuables, mobile phones and Rs 47,000 cash, police said. The Uttar Pradesh government has handed over probe in the matter to the Special Task Force (STF) of UP Police. Read this: Delhi HC re...