Nirav Modi denied bail again by London Court
The main accused in Rs. 13,000 crore Punjab National Bank scam, fugitive jeweller Nirav Modi was denied bail by London court. Since the arrest of the billionaire diamantaire last week, ...
Tag: Punjab National Bank
PNB sanctions loans worth Rs 689 cr to 1,600 MSMEs
State-owned Punjab National Bank (PNB) has sanctioned loans worth Rs 689 crore to over 1,600 Micro, Small and Medium Enterprises (MSMEs) through the psbloansin59minutes.com portal as part of its effort ...
Bank fraud: Mehul Choksi surrenders his passport
Bank fraud fugitive Mehul Choksi has surrendered his Indian passport to the High Commission in Guyana, official sources said Monday. Choksi, one of the alleged masterminds of the USD 2 billion scam in state-run Punjab National Bank and an ...
Nirav Modi fraud: Govt sacks 2 PNB Directors
The government has sacked two executive directors of Nirav Modi scam-hit Punjab National Bank (PNB) for their alleged failure in exercising proper control over the functioning of the bank. Their ...
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 ...
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