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.
More >
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.
More >
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.
More >
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.
More >
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
More >
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".
More >
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.
More >
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.
More >
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.
More >
