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Punjab National Bank (PNB) News
Punjab National Bank (PNB)
Jet Airways shares jump over 4 per cent after PNB loan
Mon, Mar 11, 2019
Under one agreement, Jet Airways received a credit facility of Rs 1,050 crore, and a non-fund based facility of Rs 700 crore. The other agreement has a credit facility of Rs 1,000 crore that includes a term loan of Rs 750 crore and a non-fund based facility of Rs 250 crore, the report added.
PSBloansin59minutes.Com: Punjab National Bank sanctions loans worth Rs 689 crore to 1,600 MSMEs
Sun, Mar 10, 2019
It is a strategic initiative of SIDBI led PSB consortium incubated under the Department of Financial Services (DFS), Ministry of Finance. Other partner banks are the SBI, Bank of Baroda, PNB, Vijaya and Indian Bank.
India waiting for UK reply after fugitive Nirav Modi's video surfaces
Sat, Mar 09, 2019
India had asked Britain in August to extradite Modi, one of the main suspects charged in the $2 billion loan fraud at state-run Punjab National Bank (PNB), India`s biggest banking fraud.
Punjab National Bank cuts MCLR rates by 10 bps from Mar 1
Thu, Feb 28, 2019
There is a reduction in the marginal cost of funds based lending rate (MCLR) with effect from March 1, 2019, PNB said in a regulatory filing.
PNB Recruitment 2019: New vacancies announced with salary over Rs 50,000!
Tue, Feb 26, 2019
Punjab National Bank has invited applications for the posts of Senior Manager, Manager & Officer (IT), Number of vacancies are 325.
HDFC Bank vs ICICI Bank vs SBI vs Axis Bank vs PNB: Personal loan rates compared
Mon, Feb 25, 2019
HDFC Bank vs ICICI Bank vs SBI vs Axis Bank vs PNB: Personal loans are short-to-medium term unsecured loans granted to an individual to meet emergency needs such as medical costs, home renovation, among other requirements.
Indian banks may take more than $3 billion hit from PNB fraud: tax department
Fri, Dec 28, 2018
According to a complaint by PNB, the biggest fraud in Indian banking history involved two junior officials at a Mumbai bank branch issuing "letters of undertaking" to firms linked to Modi and Choksi for them to obtain credit from overseas branches of other Indian lenders.
Punjab National Bank officials arrested from Mumbai branch
Wed, Dec 19, 2018
The Central Bureau of Investigation (CBI) said on Wednesday eight employees of state-run Punjab National Bank and two directors of a Mumbai-based private firm had been arrested in a $1.4 million fraud case.
SBI vs HDFC Bank vs ICICI Bank vs PNB vs Axis Bank: Here's how much minimum balance you need to maintain in savings account
Mon, Dec 17, 2018
Here is how much monthly average balance a customer of State Bank Of India, HDFC Bank, ICICI Bank, Punjab National Bank and Axis Bank is expected to maintain in the savings account
PNB merger? Nothing like that on cards; bank's focus on internal consolidation
Sun, Oct 07, 2018
On a question that if some amalgamation proposal comes to the bank, he said, "it would depend upon different circumstances. Right now we are focussed on internal consolidation and we are not aspiring for any inorganic expansion".
Indian Banks Association elects PNB's Sunil Mehta as chairman
Fri, Aug 31, 2018
State Bank of India's chairman, Rajnish Kumar, and Federal Bank's managing director, Shyam Srinivasan, will continue as deputy chairmen of IBA, it added.
Punjab National Bank fraud case: Another big revelation made, this time in US
Mon, Aug 27, 2018
Punjab National Bank (PNB) has told a US bankruptcy court that it suspects Nirav Modi controlled US firms Firestar Diamond, Fantasy, and A. Jaffe are not mere victims of circumstance but instead ‘active participants’ in the massive billion-dollar fraud perpetrated over seven years by Modi and his uncle Mehul Choksi.
Punjab National Bank gets top rank in digital transaction among PSU banks
Sat, Aug 25, 2018
"Based on the recent findings of DFS, PNB is ranked number one PSU bank in digital transactions in India. The bank is fully committed to Digital India initiative," it said.
Rs17,800 cr PNB bad loans to be put on block; eyes Rs 6,500 cr PNB Housing Finance stake sale
Thu, Aug 23, 2018
Punjab National Bank (PNB), which was duped of Rs 14,000 crore by diamantaire Nirav Modi and associates, is looking at bad loan sale of Rs 17,800 crore from 159 accounts during this financial year to asset reconstruction companies (ARC), other banks, financial institutions or NBFCs.
PNB fraud case: Court issues notices for appearance against Nirav Modi, family
Sat, Aug 11, 2018
A special Fugitive Economic Offenders Act court in Mumbai today issued public summons to the sister and brother of absconding diamantaire Nirav Modi, the main accused in the USD 2 billion bank fraud case, asking them to appear before it on September 25.
PNB scam: CBI seeks whereabouts of Mehul Choksi from Antigua
Wed, Jul 25, 2018
The CBI has written to Antiguan authorities seeking whereabouts of fugitive diamantaire Mehul Choksi, allegedly involved in over USD 2 billion scam in state-run Punjab National Bank, government sources said.
Vijay Mallya faces PNB backlash after UK court order
Fri, Jul 06, 2018
Punjab National Bank (PNB) will conduct fresh valuation of beleaguered liquor baron Vijay Mallya's assets in the light of the UK High Court order, state-run bank's managing director Sunil Mehta said today.
This is how to fix bank frauds; What ex RBI honcho wants
Sat, Mar 10, 2018
RBI deputy governor S S Mundra said that conditions were not right for privatisation of state-run lenders due to the socio-economic situation of India
Rs 3,200 cr TDS scam; These 447 companies looted employees; Income-Tax dept cracks whip
Tue, Mar 06, 2018
TDS scam came to light after the Income-Tax department initiated prosecution against these firms and issued warrants in some cases. The anomalies were traced during the investigation between April 2017 and March 2018
PNB scam: Bank denies reports that it transferred 18,000 staff
Thu, Feb 22, 2018
The bank clarified that it had transferred a total of 1,415 employees since February 19