UK court extends judicial custody of Nirav Modi until October 17

Nirav, whose trial is expected for May 11-15, 2020, has been lodged at Wandsworth prison in south-west London.

published on : 19th September 2019

PNB scam: Nirav Modi to appear via videolink for UK remand hearing

The 48-year-old, who is fighting extradition to India at Westminster Magistrates' Court, is expected to be given a confirmed date for his trial, expected in May next year.

published on : 19th September 2019

PNB scam: Interpol issues Red Corner Notice against Nirav Modi's brother

The global arrest warrant against the Belgian national Nehal, 40, has been issued on charges of alleged money laundering that is being probed by the Enforcement Directorate.

published on : 13th September 2019

Four new big banks: Will they be of any help?

For PNB, the merger comes at a time when its balance sheet is under stress. The merged entity will restore its status as the country's second-largest public sector bank.

published on : 9th September 2019

Punjab National Bank​ puts up for sale 11 NPA accounts to recover dues of Rs 1,234 crore

The accounts include Visa Steel, which has irrecoverable dues of Rs 441.83 crore, IndBarath Energy (Utkal) - Rs 414.23 crore, Aster Pvt Ltd - Rs 113.57 crore and Om Shiv Estates - Rs 100.16 crore.

published on : 8th September 2019

Punjab National Bank board approves amalgamation with Oriental Bank of Commerce​, United Bank

The Alternative Mechanism headed by the finance minister after consultation with Reserve Bank of India has given the go-ahead for the amalgamation.

published on : 5th September 2019

PNB scam case: Court denies CBI permission to subject Gokulnath Shetty to narco test

Special judge for CBI cases VC Barde rejected the agency's plea, noting that the accused had not consented to the tests, and consent was mandatory before such tests are performed.

published on : 3rd September 2019

All India Bank Employees Association flays merger

Credit to priority sector boosted Indian economy resulting in achievements like green revolution and white revolution, industrial progress, job generation and rural development.

published on : 2nd September 2019

Bank merger will not help recover bad loans: AIBEA

Venkatachalam said that last fiscal the public sector banks posted a gross profit of Rs 150,000 crore. Owing to the provisions towards bad loans, there was a net loss of about Rs 66,000 crore.

published on : 31st August 2019

PNB scam accused Sunil Varma says ready to join probe via video link

According to CBI, Varma fled the country just days before the nearly Rs 14,000-crore PNB scam came to light in January last year.

published on : 23rd August 2019

PNB fraud case: Nirav Modi remanded to custody in UK prison until September 19 

Modi has been lodged at Wandsworth prison in south-west London since his arrest in March in connection with the nearly USD 2 billion PNB fraud and money laundering case.

published on : 22nd August 2019

PNB scam accused Nirav Modi to appear via videolink for remand hearing in UK

The 48-year-old is likely to be informed of the dates for his trial on the extradition charges brought by the Indian government, being represented at Westminster Magistrates' Court by the UK's CPS.

published on : 22nd August 2019

Former PNB executive declines to undergo polygraph, narco tests

Earlier this month, the CBI had moved a plea before a special court here, seeking it's permission to conduct polygraph and narco-analysis tests

published on : 21st August 2019

Andhra Pradesh's largest bus station not disabled-friendly

Only 2 wheelchairs available at PNBS, staff brash: Passengers

published on : 20th August 2019

PNB Housing Finance raises fresh USD 75 million ECB from Sumitomo Mitsui Banking

The landed cost of fully-hedged facility has been much lower than the present domestic pricing for similar tenure.

published on : 6th August 2019
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