PNB
PNB Housing Finance gains 7% after parent says to sell 51% stake; PNB shares slip by 3%
Wed, Jul 11, 2018
PNB has no option but to recover the nearly Rs 14,356.84 crore scam created by two jewelers Nirav Modi and Mehul Choksi. Hence, a stake sale in profit making PNB Housing is one way to stay afloat in banking system.
More >
Solving bank NPAs: New governance architecture, transparent process are a must, Sunil Mehta, PNB
Tue, Jul 03, 2018
Sunil Mehta, the non-executive chairman, Punjab National Bank (PNB), who was the chairman of the bankers' committee, said that the committee has recommended a five-pronged strategy to deal with the NPAs in the country's banking system.
More >
Dues of PNB's big wilful defaulters rise to Rs 15,490 cr
Sun, Jun 17, 2018
Wilful defaulters borrowing Rs 25 lakh and above owed more than Rs 15,490 crore to PNB as of May end, up 2 per cent from the preceding month. The data from the state-owned Punjab National Bank covers the big wilful defaulters who are not paying back their loans despite having the capacity to do so
More >
Rs 14,000 crore PNB fraud: Was misled on Nirav Modi scam, says RBI
Wed, Jun 13, 2018
Reserve Bank of India admitted to a parliamentary panel that it was fed with incorrect compliance reports in the Rs 14,000 crore Nirav Modi scam. It said in a written response to the Parliamentary Standing Committee on Finance that the blame for the fraud lay on the Punjab National Bank’s Board for allowing the letter of undertaking ( LoU ) scam to continue for years.
More >
SBI, PNB, ICICI Bank raise lending rates, make home, auto, other loans costlier
Sat, Jun 02, 2018
Country's second largest private bank ICICI Bank too said it has raised five-year tenor MCLR by 10 bps to 8.70 per cent. It has also raised the MCLR by 10 bps in loans with tenor of one year and three years. However, lending rate remains unchanged in case of loans up to three months.
More >
Top 5 stocks in news on June 1: PNB, Idea Cellular, Bayer Crop Science, ONGC and Fortis Healthcare
Fri, Jun 01, 2018
Punjab National Bank (PNB): The lender has revised upwards the marginal cost of funds based lending rate (MCLR) for select tenors by 0.05-0.10 per cent, a move that will lead to costlier loans. It has also increased its base rate by 1 per cent and with this, the base rate went up to 9.25 per cent
More >
Banking scam: 21 PSBs lost Rs 25,775 crore in 2017-18, says RBI in RTI reply
Mon, May 28, 2018
More stunning revelations of banking frauds are pouring in after the Rs 14,000-crore Punjab National Bank (PNB) fraud case came to light on January 16 this year. A Right to Information (RTI) reply has revealed that 21 public sector banks (PSBs) have incurred of Rs 25,775 crore losses due to banking frauds in the financial year 2017-18
More >
Centre's state banks' bailout stumbles as losses mount, may crimp economic growth
Fri, May 25, 2018
When the government announced a surprise $32 billion bailout plan for the nation`s state-controlled banks last October, credit rating firms and the nation`s central bank saw it as a huge step to getting the industry back to robust health – and lending more to businesses and consumers.
More >
PNB fraud: ED attaches Rs 170-crore assets of Nirav Modi
Mon, May 21, 2018
The Enforcement Directorate took fresh action against Nirav Modi and attached assets worth Rs 170 crore of the absconding diamantaire in connection with its money laundering probe in the over USD 2 billion PNB fraud case, officials said today.
More >
Sebi to consider penal action against PNB, Gitanjali Gems
Sun, May 20, 2018
Markets regulator Sebi will consider penal action against Punjab National Bank and Gitanjali Gems after completion of its probe into suspected trading and disclosure related issues in the matter of over Rs 14,000 crore banking fraud, senior officials said
More >
Wilful defaults by PNB's big borrowers slip further to Rs 15,200 cr by April-end
Sun, May 20, 2018
Punjab National Bank which posted a record loss of more than Rs 13,400 crore for the last quarter of 2017-18 closed the fiscal with big wilful defaults of Rs 15,171.91 crore, according to the PNB data
More >
PNB posts biggest ever quarterly loss of Rs 13,417 cr in Q4
Tue, May 15, 2018
Scam hit Punjab National Bank (PNB) today posted largest ever quarterly loss of Rs 13,416.91 crore for January-March period, mainly on account of high provisioning for bad loans. The bank had reported standalone profit of Rs 261.90 crore in the fourth quarter of 2016-17
More >
!["Action against top bankers right, PNB MD should also keep away''](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2018/05/15/38358-punjab-national-bank-youtube.png?itok=qneFK2mX&c=22a12e4955a45ac46b05732047323c73 ""Action against top bankers right, PNB MD should also keep away''")
Centre moves to oust bank officials as accused named in PNB fraud case
Mon, May 14, 2018
Banking secretary Rajiv Kumar told media that a government nominee on the board of state-run Allahabad Bank would call a meeting to seek the removal of the lender`s chief executive Usha Ananthasubramanian, who previously headed fraud-hit Punjab National Bank (PNB)
More >
PNB scam: RBI declines to share copies of inspection reports
Sun, May 13, 2018
Replying to an RTI query, RBI also said it does not have "specific information" on what resulted in detection of over Rs 13,000 crore scam at PNB and directed the application to the state-run bank for providing those details
More >
PNB aims to grow biz by around 11% in current fiscal
Sun, May 06, 2018
The board of PNB in a meeting held last Saturday, deliberated on the future roadmap for the bank and implementation of the finance ministry's Enhanced Access & Service Excellence (EASE), PNB CEO Sunil Mehta told PTI. "The bank will aim at growing by 10.8 per cent year-on-year to aim at total business of Rs 12 lakh crore in FY '19
More >
PNB fraud: ED refuses to share details of Nirav, Mehul's seized assets
Sun, May 06, 2018
However, Enforcement Directorate had earlier made public on Twitter that assets worth Rs 7,664 crore had been attached in connection with the cases involving the uncle-nephew duo of Modi and Choksi. The central agency has also refused to disclose expenses incurred on attempts to bring back the two billionaire diamantaires who had fled the country in the first week of January, days before the PNB approached the CBI reporting the biggest scam in the banking industry in India
More >
