te PNB: Today Latest News, Photos, Videos about PNB - Zee Business

हिंदी में पढ़ें

PNB

PNB shares notch new 52-week high as Street cheers increase in profit guidance for FY24

PNB shares notch new 52-week high as Street cheers increase in profit guidance for FY24

Mon, Jan 29, 2024

Furthermore, given the stellar results, the state-run lender raised its profit guidance for the ongoing fiscal year to Rs 7,000–Rs 7500 crore.

PNB raises profit guidance to Rs 7,000 crore for FY24

PNB raises profit guidance to Rs 7,000 crore for FY24

Sun, Jan 28, 2024

Earlier, the second largest lender had set a profit estimate of Rs 6,000 crore for the ongoing fiscal. With a 253 per cent jump in the net profit in the third quarter, the bottom line of the bank in the three-quarters of FY24 crossed Rs 5,230 crore.

PNB, BoM record double-digit loan growth in Q3

PNB, BoM record double-digit loan growth in Q3

Tue, Jan 02, 2024

Total advances stood at Rs 8.56 lakh crore at the end of the third quarter of the last financial year, PNB said in a regulatory filing.

TRENDING NOW

PNB, Nirav Modi fraud case: Will not seek govt support, says bank's MD Sunil Mehta

PNB, Nirav Modi fraud case: Will not seek govt support, says bank's MD Sunil Mehta

Mon, Apr 09, 2018

PNB has enough resources and capability to meet the challenges posed by the fraud of this nature, its managing director Sunil Mehta said. "We said this is problem of the bank and we will solve it ourself . We are not seeking government's help by way of capitalisation ," he said, when asked if the bank has sought help from the majority shareholder to tide over the problem of fraud

CBI court issues warrants against Nirav Modi, Mehul Choksi in PNB fraud case

CBI court issues warrants against Nirav Modi, Mehul Choksi in PNB fraud case

Sun, Apr 08, 2018

The CBI is now also questioning some officials at overseas branches of Indian banks which issued loans to companies owned by the two jewellers against bank guarantees - later shown to have been fraudulently issued by certain rogue employees at PNB. The case, dubbed India`s largest ever bank fraud, has led to a huge probe and 20 arrests have been made so far in relation to the matter

PNB fraud case: Bank hires lawyers to represent itself in bankruptcy proceedings of Nirav Modi firm in US

PNB fraud case: Bank hires lawyers to represent itself in bankruptcy proceedings of Nirav Modi firm in US

Sun, Apr 08, 2018

Firestar Diamond approached a bankruptcy court in New York court in February. "We have just engaged lawyers to represent our bank in the US bankruptcy petition as part of recovery process. If money has gone from our system and parked in that company, our bank's views should be heard before deciding about insolvency petition," PNB Managing Director Sunil Mehta told PTI in an interview.

PSBs privatisation: Here is what Nobel laureate Muhammad Yunus has to say

PSBs privatisation: Here is what Nobel laureate Muhammad Yunus has to say

Sun, Apr 08, 2018

PSBs privatisation: Several experts, including Chief Economic Advisor Arvind Subramanian and former Niti Aayog Vice Chairman Arvind Panagariya, had pitched for privatisation of PSBs after spate of frauds were unearthed in state-owned banks, including over Rs 13,000 crore scam in the Punjab National Bank (PNB). The Bangladesh-based champion of micro-finance Muhammad Yunus also said that ways have to be found to stop frauds in the banking sector

SBI, PNB put 15 NPAs of Rs 1,063 crore on sale

SBI, PNB put 15 NPAs of Rs 1,063 crore on sale

Sun, Apr 08, 2018

SBI and PNB said they will conduct the e-auction on 20th of this month. SBI has put up a total of 12 accounts with total outstanding of Rs 848.54 crore for sale. "...We place these accounts for sale to asset reconstruction companies (ARCs)/banks/NBFCs/financial intuitions," said SBI, the country's largest bank

PNB fraud fallout: Bank deploys AI for reconciliation of accounts

PNB fraud fallout: Bank deploys AI for reconciliation of accounts

Sun, Apr 08, 2018

Addressing its customers through a FAQ document, the fraud-hit bank said: "PNB has already undertaken measures to strengthen internal audit control mechanisms. Additionally, the bank is also looking at technology interventions to enhance customer service and customer responsiveness...." "There is a move to improve audit systems by incorporating analytics and AI for reconciliation of accounts

Recent bank fraud cases just tip of iceberg, more will tumble out if probed: Former FM Yashwant Sinha

Recent bank fraud cases just tip of iceberg, more will tumble out if probed: Former FM Yashwant Sinha

Sat, Apr 07, 2018

The laws and acts are framed in accordance with the prevailing conditions of the time. The government has tried to accommodate for all issues surrounding insolvency and bankruptcy but it is not possible to have a perfect law immediately. IBC was framed with good intentions ,however , since it is facing certain implementation issues it can be re-looked at and is being amended. All acts like the IT Act, Companies Act and finance bill have been amended several times

PNB fraud crisis: Lender rushes to assure, says customers' money safe with us

PNB fraud crisis: Lender rushes to assure, says customers' money safe with us

Mon, Apr 02, 2018

Facing heat over nearly Rs 13,000 crore fraud, Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices. Urging customers not to believe in any rumours, the bank assured that they can withdraw or deposit their money any

PNB fraud case: RBI says conducted scrutiny, matter under examination for enforcement action

PNB fraud case: RBI says conducted scrutiny, matter under examination for enforcement action

Sun, Apr 01, 2018

PNB fraud case: Replying to an RTI query, the central bank also said it has been issuing necessary instructions to banks from time to time on a variety of issues of prudential supervisory concern, including the management of operational risks inherent in the functioning of banks. Asked to provide details of action taken by the RBI after receiving input of suspected fraud at PNB and steps being taken to check such recurrences, the banking sector regulator said a confidential circular on time-bound implementation and strengthening of 'SWIFT' related operational controls was issued to public and private banks on February 20

Banks anticipate tough Q4 as RBI tightens NPA norms

Banks anticipate tough Q4 as RBI tightens NPA norms

Wed, Mar 28, 2018

Withdrawal of all debt restructuring tools by the Reserve Bank of India will lead to more assets being classified as non-performing or bad loans, for which provisions will have to be made in the current quarter ending March 31, a top banker said. So, bottomlines of all banks, including those in the private sector, will be subdued in the last quarter of the current fiscal, the banker added

PNB fraud case: ED arrests Nirav Modi led Firestar Group VP SS Wadhwa

PNB fraud case: ED arrests Nirav Modi led Firestar Group VP SS Wadhwa

Wed, Mar 28, 2018

PNB fraud case: Shyam Sunder Wadhwa was arrested in Mumbai on Tuesday night after questioning, said the ED official, adding it was the first arrest by the agency in the case. Informed sources said Wadhwa was accused of conducting fraudulent transactions with Firestar International and Firestar Diamond International owned by Nirav Modi, who along with his group companies -- Diamond R US, Stellar Diamond and Solar Exports -- and others have been implicated in the Rs 13,500 crore scam which was admitted by the PNB in February, leading to a massive upheaval in the country`s banking system

PNB fraud: MCA mulls legal options to stall Nirav Modi firm Firestar Diamond's bankruptcy proceedings in US

PNB fraud: MCA mulls legal options to stall Nirav Modi firm Firestar Diamond's bankruptcy proceedings in US

Sun, Mar 25, 2018

PNB fraud: The move comes close on the heels of the National Company Law Tribunal (NCLT) restraining more than 60 entities, including Nirav Modi, Mehul Choksi, various individuals, companies and limited liability partnership firms, from selling their assets. A multi-agency probe, including by the Serious Fraud Investigation Office (SFIO), is progressing into the scam, whose kingpin is alleged to be Nirav Modi. The fraud, the biggest so far in the Indian banking industry, was perpetrated by way of issuance of fraudulent Letters of Undertaking ( LoUs )

You won't believe how much this diamond seized from Nirav Modi is valued at

You won't believe how much this diamond seized from Nirav Modi is valued at

Sat, Mar 24, 2018

Officials said the Enforcement Directorate along with the CBI launched fresh searches on March 22 at the Samudra Mahal luxury residential flats of Modi in Mumbai's Worli area which resulted in the recovery of fresh valuables. Antique jewellery worth Rs 15 crore, costly watches valued at Rs 1.4 crore and paintings of acclaimed artists like Amrita Sher-Gil, M F Hussain and K K Hebbar valued at Rs 10 crore have been seized over the last three days under the Prevention of Money Laundering Act (PMLA)

PNB fraud case: Mehul Choksi refuses to join CBI probe

PNB fraud case: Mehul Choksi refuses to join CBI probe

Tue, Mar 20, 2018

In his latest letter to the CBI dated March 16, Mehul Choksi also mentioned his medical condition, suspended passport, media trial to decline the agency's communication asking him to join the probe. The agency had asked him to appear before it for questioning in connection with first FIR in which Choksi is named as an accused along with his nephew Nirav Modi, Ami Modi, Nishal Modi

Maharashtra farmers 'reclaim' land acquired by Nirav Modi's firm

Maharashtra farmers 'reclaim' land acquired by Nirav Modi's firm

Sat, Mar 17, 2018

A group of over 200 farmers, who arrived in bullock carts at the tract of land at Khandala in Karjat tehsil, ploughed a part of it using a tractor as a symbolic reclaiming of possession. They will start cultivation on the full 125 acres of the acquired land soon, farmers said. Today's protest was meant to show that farmers have reclaimed their land, which was acquired on behalf of Nirav Modi's Firestar company some years ago, they said

PNB fraud fallout: 107 firms, 7 LLPs under SFIO scanner

PNB fraud fallout: 107 firms, 7 LLPs under SFIO scanner

Sat, Mar 17, 2018

The government has ordered investigation to be carried out by the Serious Fraud Investigation Office (SFIO) into the affairs of 107 companies and seven limited liability partnerships (LLP) pertaining to multi-billion fraud in Punjab National Bank (PNB), Lok Sabha was informed on Friday.

PNB fraud case: Shocking news keeps pouring in; here's what has happened now

PNB fraud case: Shocking news keeps pouring in; here's what has happened now

Thu, Mar 15, 2018

PNB fraud case: The newly uncovered scam raises fresh doubts about whether more such cases involving fraudulent guarantees lurk on the books of PNB, the second biggest state-run lender, or other government-owned Indian banks.

Govt says will take action on P Chidambaram relaxing gold import norm

Govt says will take action on P Chidambaram relaxing gold import norm

Mon, Mar 12, 2018

Faced with barrage of attack from the Congress over the Rs 12,700 crore fraud at Punjab National Bank, the ruling BJP had earlier this month accused P Chidambaram of aiding jewellers Mehul Choksi and Nirav Modi

PNB fraud: Overreaction to scam may hugely hurt credit flow, says Assocham

PNB fraud: Overreaction to scam may hugely hurt credit flow, says Assocham

Sun, Mar 11, 2018

PNB fraud: Supporting the calls from industry for privatising public sector banks (PSBs) in the wake of the PNB scam by accused diamantaire Nirav Modi and his uncle Mehul Choksi, Assocham said that some immediate steps should be taken for capacity building in PSBs.

This bank's manager booked for sending fake currency to RBI

This bank's manager booked for sending fake currency to RBI

Sun, Mar 11, 2018

Acting on a complaint by Satey Kumar, manager of RBI's Kanpur branch, the FIR was registered against the accused of sending fake Rs 1,000 and Rs 500 notes to the central bank

Load More

LIVE TV

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x