Punjab National Bank
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2 security guards died after being attacked by unidentified criminals during an attempt to loot PNB
News | September 21, 2018 13:46 ISTNoida: 2 security guards died after being attacked by unidentified criminals during an attempt to loot PNB
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PNB fraud case: Mehul Choksi's properties are money laundering assets, claims PMLA authority
India | September 02, 2018 14:57 ISTChoksi and his nephew Nirav Modi and others are being investigated by the ED and other probe agencies after the bank fraud came to light early this year.
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PNB scam: Indian High Commission submits extradition request of Nirav Modi to UK authorities
India | August 04, 2018 17:03 ISTModi and his uncle, Mehul Choksi, are the main accused in the PNB scam and they both left India before the details of the fraud came to light on January 16
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PNB fraud: Govt sends request to UK for extraditing fugitive diamantaire Nirav Modi
India | August 03, 2018 13:56 ISTThe government has sent a request to the UK for extraditing fugitive diamantaire Nirav Modi, who is wanted in the Rs 13,500 crore Punjab National Bank (PNB) fraud case
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PNB scam: Fugitive diamantaire Mehul Choksi moves to Antigua, secures local passport
Business | July 24, 2018 19:46 ISTIn response to diffusion notice issued by Interpol, the Antiguan authorities informed the Enforcement Directorate that Choksi arrived there this month and had taken the passport of that country, government sources said.
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PNB scam: Mehul Choksi seeks cancellation of non-bailable warrants, cites fear of mob lynching
Business | July 23, 2018 17:21 ISTChoksi, in his application moved before the special PMLA court, claimed he faces a threat to his life not only from his former employees and debtors but also from jail staff and inmates (where he would be launched if he returns).
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Punjab National Bank sells its entire stake in ICRA for over Rs 108 crore
Business | June 29, 2018 23:58 IST“The bank has sold its entire stake of 3,30,000 shares of Icra Ltd through block deal at exchange platform for gross sale consideration of Rs108.60 crore on June 28, 2018,” the bank said in a regulatory filing.
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Punjab National Bank posts record net loss of Rs 13,417 crore in March quarter of FY'18
Business | May 15, 2018 17:03 ISTThe gross non-performing assets (NPA) of the company stood at 18.38 per cent for the fourth quarter of 2017-18 compared to 12.53 per cent during the corresponding quarter in 2016-17.
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Fraud fallout: PNB tightens norms, to separate loan appraisal and monitoring teams
Business | April 13, 2018 18:14 ISTBesides, the lending major said it will look on a quarterly basis on whatever internal accruals can be generated -- through recovery, more efficient risk management, more business generation and more cross selling.
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PNB issued over 41,000 Letters of Undertaking since 2011: Finance Ministry
Business | March 22, 2018 19:35 ISTFraudulent LoUs of the state-owned PNB were used by diamantaire Nirav Modi and his associates to defraud the bank of about Rs 13,000 crore.
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Rs 9.1-cr Chandri Paper fraud reported to CBI on Feb 13: PNB
Business | March 17, 2018 18:11 IST"It is not a new fraud. Fraud had already been declared in respect of fradulent and unauthorised issuance of two LoUs for Rs 9.10 crore on the account of Chandari Paper and Allied Products," PNB said.
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Ex-PNB official Gokulnath Shetty booked in Rs 9 cr LoU fraud with another company
Business | March 15, 2018 16:36 ISTApparently, the Nirav Modi and Mehul Choksi groups were not the only ones indulging in frauds related to Letters of Undertaking (LoUs) issued by the Punjab National Bank (PNB) officials.
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Parliament must debate bank frauds issue, says Venkaiah Naidu
Politics | March 15, 2018 15:31 ISTThe Lok Sabha and Rajya Sabha have witnessed repeated adjournments during the second half of the Budget session that began on March 5, with opposition parties stalling proceedings over various issues, including PNB fraud.
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'We feel hurt, need to be the Neelakantha consuming this poison': RBI Governor on banking frauds
Business | March 14, 2018 23:07 ISTUrjit Patel said that banking frauds amount to looting of our country's future by some in the business community in cahoots with some lenders.
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PNB fraud fallout: RBI starts special audit of public sector banks
Business | March 12, 2018 10:55 ISTIn addition, the RBI has asked all banks for details of the LoUs they had written, including the amounts outstanding, and whether the banks had pre-approved credit limits or kept enough cash on margin before issuing the guarantees.
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Passport details must for loans of Rs 50 crore and above: Govt
Business | March 10, 2018 16:10 ISTPassport details will help banks to take timely action and inform the relevant authorities to prevent fraudsters from fleeing the country.
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Indian banking in ‘stasis’, need fewer public sector banks: Uday Kotak
Business | March 09, 2018 15:34 ISTAt present, there are 20 entities, including largest lender State Bank of India, which are run by the government and account for nearly 70 per cent of the assets in the system. Almost all of them are affected by high levels of non-performing assets.
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RBI may give PNB one year to provision against Rs 12,646 crore fraud
Business | March 08, 2018 22:22 ISTSources said that PNB has written a letter to the banking sector regulator seeking its opinion on making provisions for the fraud.
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Corruption common in public sector banks but trust intact: Survey
Business | March 08, 2018 22:02 ISTLocalCircles, a closed citizens engagement platform, conducted a survey to assess the pulse of the citizens on the issue that received more than 50,000 responses.
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PNB fraud: CBI's fresh summons to Nirav Modi, Mehul Choksi
India | March 08, 2018 20:26 ISTGitanjali Gems promoter Choksi, in his seven page letter which was released by his lawyer, has said it was impossible for him to return to India and join the investigation due to the suspension of his passport and ill-health.
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