FinMin wants PSU banks to bring down govt equity to 52%
In a bid to align with the best corporate practices, the Finance Ministry has asked the public sector banks to gradually bring down the government's equity to 52 per cent, ...
PNB posts Rs 4, 532 crore loss in Sept quarter as bad loans soar
Fraud hit Punjab National Bank on Friday posted a staggering loss of Rs 4,532.35 crore for the second quarter ended September 30, 2018 on rising bad loans. The state-owned bank ...
Amalgamation not on cards; focus on internal consolidation: PNB MD Sunil Mehta
Ruling out the possibility of inorganic expansion, Punjab National Bank (PNB) Managing Director Sunil Mehta said the bank is currently focussed on internal consolidation and making it financially healthy. With ...
PNB fraud: Choksi cites TV debate phone-in in plea to get NBW cancelled
Fugitive jeweller Mehul Choksi, a co-accused in the Punjab National Bank fraud case, on Friday moved the special CBI court here for cancellation of a non-bailable warrant against him claiming ...
Letters to the Editor: Sept 20, 2018
1) Mega merger in one go It refers to Secretary in Banking Department in the presence of the Union Finance Minister announcing the merger of three public sector banks namely ...
Mehul Choksi claims ED’s allegations ‘false and baseless’
Defending himself, fugitive diamantaire Mehul Choksi on Tuesday said that all allegations against him by the Enforcement Directorate (ED) are "false and baseless." "All the allegations labeled by the ED ...
Interpol panel to decide on India’s pending RCN request against Choksi
The pending Red Corner Notice request against fugitive billionaire Mehul Choksi will be taken up by an internal committee of the Interpol in October as Indian agencies have made a ...
India can seek Choksi’s extradition without Red Corner Notice: CBI
India can seek extradition of fugitive billionaire Mehul Choksi without an Interpol Red Corner Notice as it is not a mandatory requirement for the process, the CBI has told the Ministry of External Affairs. In a communication to the ...
Rahul Gandhi questions PM Modi’s silence on Nirav Modi, Unnao rape in London
Congress President Rahul Gandhi on Sunday questioned Prime Minister Narendra Modi' s silence on the Unnao rape case, as well as absconding diamantaire Nirav Modi.
‘Nirav Modi, Mehul Choksi’s illegal bungalows to be razed’, says Maharashtra Minister Ramdas Kadam
Maharashtra Environment Minister Ramdas Kadam has announced that the bungalows of fugitive diamantaire and Punjab National Bank (PNB) scam accused Nirav Modi and his uncle Mehul Choksi in Raigad district ...
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