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SBI 5-Year FD vs PNB 5-Year FD: What will be your return on Rs 7,00,000 & Rs 13,00,000 investments?

SBI 5-Year FD vs PNB 5-Year FD: What will be your return on Rs 7,00,000 & Rs 13,00,000 investments?

Mon, Dec 30, 2024

Compare the 5-year Fixed Deposit returns of SBI and PNB on investments of Rs 7 lakh and Rs 13 lakh for general and senior citizens.

Home Loan: Check top 10 Banks like SBI, PNB, Canara Bank, HDFC, BoB and more with best interest rates for Rs 75 lakh loans

Home Loan: Check top 10 Banks like SBI, PNB, Canara Bank, HDFC, BoB and more with best interest rates for Rs 75 lakh loans

Sun, Dec 29, 2024

Check out the best home loan interest rates for Rs 75 lakh loan from top banks like SBI, PNB, HDFC, and more. Compare rates to find the best deal for your home purchase. Keep in mind, that the interest rate depends on your credit score, so you’ll see a range of rates from different banks.

Highest Senior Citizen FD rates: See what major banks like SBI, PNB, Canara Bank, HDFC Bank, BoB and ICICI Bank are providing on special fixed deposits

Highest Senior Citizen FD rates: See what major banks like SBI, PNB, Canara Bank, HDFC Bank, BoB and ICICI Bank are providing on special fixed deposits

Mon, Dec 23, 2024

Highest Senior Citizen FD rates: Fixed Deposit (FD) interest rates differ across banks, offering stable returns. Tax-saver FDs provide a tax deduction under Section 80C of the Income Tax Act 1961.

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PNB fraud: ED attaches Rs 170-crore assets of Nirav Modi

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.

Sebi to consider penal action against PNB, Gitanjali Gems

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

Wilful defaults by PNB's big borrowers slip further to Rs 15,200 cr by April-end

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

Bank NPAs shoot up 32.7% in fourth quarter so far

Bank NPAs shoot up 32.7% in fourth quarter so far

Thu, May 17, 2018

The share of non-performing assets (NPAs) to total loans of 21 banks that have announced Q4 results so far, excluding PNB, has increased to 8.32% in March 2018.

PNB posts biggest ever quarterly loss of Rs 13,417 cr in Q4

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

"Action against top bankers right, PNB MD should also keep away''

"Action against top bankers right, PNB MD should also keep away''

Tue, May 15, 2018

The central government`s action against three top bankers in the country is a welcome move, said a top leader of All India Bank Employees` Association (AIBEA) on Tuesday.

Centre moves to oust bank officials as accused named in PNB fraud case

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)

PNB scam: RBI declines to share copies of inspection reports

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

PNB aims to grow biz by around 11% in current fiscal

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

PNB fraud: ED refuses to share details of Nirav, Mehul's seized assets

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

These wilful defaulters owe PNB Rs 15,172 crore

These wilful defaulters owe PNB Rs 15,172 crore

Sun, May 06, 2018

PNB wilful defaulters: The liability on such defaulters rose by 1.8 per cent from Rs 14,904.65 crore in February. The public sector lender has been putting out the names of wilful defaulters and firms since June 2017. Within ten months, these defaults have grown by 28 per cent , from Rs 11,879.74 crore

Big wilful defaulters owe PNB Rs 15,172 crore

Big wilful defaulters owe PNB Rs 15,172 crore

Sun, May 06, 2018

The data from the bank relates to those wilful defaulters who have taken loans of Rs 25 lakh and above but did not repay despite the ability to do so.

Bharti Airtel to sell stake in Indus Towers; deal to close before next March-end

Bharti Airtel to sell stake in Indus Towers; deal to close before next March-end

Thu, Apr 26, 2018

Telecom major Bharti Airtel on Wednesday said it will hold talks with potential investors for a strategic sale in the merged telecom tower entity Indus Towers. The proposed move comes after Airtel earlier announced the merger of its tower arm Bharti Infratel with Indus Towers.

You won't believe what Punjab National Bank has done to get its money back!

You won't believe what Punjab National Bank has done to get its money back!

Wed, Apr 25, 2018

In its efforts to recover NPAs, the PNB has also resorted to 'Gandhigiri' wherein its staff hope to 'name and shame' defaulting borrowers to recover up to Rs 150 crore worth bad loans every month. The Delhi-headquartered bank has been at the receiving end of the over Rs 13,000 crore fraud involving diamond merchants Nirav Modi and Mehul Choksi

Fugitive Economic Offenders Ordinance 2018: From Vijay Mallya, Nirav Modi to Jatin Mehta, check out the top 5

Fugitive Economic Offenders Ordinance 2018: From Vijay Mallya, Nirav Modi to Jatin Mehta, check out the top 5

Mon, Apr 23, 2018

In a bid to deter economic offenders from evading the law of the country, the Union Cabinet on Saturday approved a proposal to promulgate the Fugitive Economic Offenders Ordinance 2018.

PNB scam: Govt intervenes in Nirav Modi firms' bankruptcy case in US

PNB scam: Govt intervenes in Nirav Modi firms' bankruptcy case in US

Sun, Apr 22, 2018

Diamond merchants Nirav Modi and his uncle Mehul Choksi are alleged to have perpetrated the country's biggest banking sector scam at Punjab National Bank, mainly by way of issuance of fraudulent Letters of Undertaking ( LoUs ). Against the backdrop of multi-agency probe into the case, Chaudhary said that some Nirav Modi firms filing for bankruptcy in the US would jeopardise the interests of Punjab National Bank

Nirav Modi fraud: PNB move Hong Kong court; plans legal action in others countries

Nirav Modi fraud: PNB move Hong Kong court; plans legal action in others countries

Sun, Apr 22, 2018

PNB plans to approach other jurisdictions where Nirav Modi and his associates have assets and properties as part of recovery process, a senior PNB official said. Hong Kong authorities have been approached and recovery writ has been filed against companies of Nirav Modi, the official said without disclosing other details.

PNB scam, fiscal slippage dent business optimism in June quarter: Report

PNB scam, fiscal slippage dent business optimism in June quarter: Report

Mon, Apr 16, 2018

The optimism was rising in the September quarter of last year and hit a peak of 91 per cent for the first quarter of 2018, information services company Dun and Bradstreet said in the report, adding it has slipped by 6.6 per cent to 85 per cent for the second quarter of the calendar year. The report said the survey of companies was conducted in March, when the bank fraud cases had already erupted on the scene and added that the frauds and scams came at an "inopportune" time when the state-run lenders were already fighting the non-performing asset (NPA) menace

Nirav Modi scam: ICAI sends notices to auditors of PNB's Brady House branch

Nirav Modi scam: ICAI sends notices to auditors of PNB's Brady House branch

Sun, Apr 15, 2018

The Institute of Chartered Accountants of India (ICAI) has made a list of the statutory auditors of the Brady House branch during 2011-12 to 2016-17, and asked them to appear before its Board of Discipline. Statutory auditors are members of ICAI and are governed by the apex body. Eight statutory auditors, who had audited the lender's Brady House branch in Mumbai during that period, have been issued notices

NPAs in Q4 to rise by Rs 8,000 cr on account of Gitanjali Gems

NPAs in Q4 to rise by Rs 8,000 cr on account of Gitanjali Gems

Sun, Apr 15, 2018

Banks will have to make provisioning of Rs 8,000 crore for Gitanjali alone as there has been no servicing of the working capital loan during the fourth quarter of last fiscal, sources said. Gitanjali, among others, is the major account which has turned bad in the fourth quarter of 2017-18

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